Steve Lee

Family time is the best time! I hope everyone is having a fantastic Family Day weekend!

Do you know someone that is a 1st Time Home Buyer struggling to save their down payment?Show them this and they can be in their own home in 4 months! Help out your 1st Time Buyer friends and family by sharing this with them! #mortgage #homeowners #homesweethome #firsttimehomebuyer #1sttimehomebuyer #firsthome #firsthome #mortgageagent #mortgagebroker #realestate #finances

Wishing you and yours a very safe, healthy and happy New Years. Here’s hoping we have a better year than last!

Merry Christmas to All my Amazing Friends, Family & Clients. We Have So Much To Be Grateful For & We Are Truly Blessed. Make The Best Of This Covid Christmas . Wishing Everyone A Safe & Awesome Holiday!

The holidays are coming up! As much as these celebrations bring us joy and harmony, they can also bring us stress. This is particularly true when it comes to your finances! However, don’t lose hope that this will be another draining year on your pocketbook. In fact, with a little planning, there are a few ways you can make sure your holidays are stress and credit-free. DM or email [email protected] for a free budget e-book as well as tips to help you this holiday season. #holidays #holidayseason #holidaybudget #christmasbills #budgeting #mortgageagent #mortgagebroker #finances #budgettips #budget #savemoney

Fixed Rate or Variable Rate? I get asked this all the time, the rates are very close these days however there are other differences. The best option will depend on your goals and situation. There is no right or wrong answer! This is something you need to ask and discuss when you renew a mortgage or buy a house. DM or email steve@homelifemortgages to learn more or discuss what’s best for you!... #home #homesweethome #mortgage #homeowners #rate #interestrates #realestate #mortgagebroker #mortgageagent #fixedrate #variablerate

It’s time to go back to school for your finances! The Fall is the perfect time for a credit clean-up so that you are ready for the holiday season, when we tend to spend a bit more! Click the link to read more and reach out to me. https://www.mortgagearchitects.ca//St/news/Credit-Clean-Up

Is your mortgage currently over 2.9% interest? Today’s interest rates are very low and you could potentially save thousands to switch and redo your mortgage. Reach out if today and I can do a FREE assessment of how much you could save!

Message me today, and get our FREE First Time Home Buyers Guide! It’s loaded with information to help you with your first mortgage and home, all completely free for you. #firsthome #firstnewhome #firstnewhouse #firsttimehomebuyer #firsthouse #firsthousetogether #firsttimehomebuyers #1sthome #1sthomebuyers #1sttimehomebuyer

Please help support the Whitby Salvation Army. Place your order direct with them or call me and I will be happy to help get it to you.

Wishing all my friends celebrating Rosh Hashanah a happy, prosperous, and sweet New Year! L’Shana Tova!

BROOKLIN FARMERS MARKET IS BACK!!! When: September 26th 9am - 2pm Where: Brooklin Community Centre & Library... Come out and show your support, so we can make this a permanent event each summer!

Looking to buy your first home soon? You’re in luck! Over the last few years, the Canadian government has introduced many great programs for first-time buyers to increase their home affordability. These financial resources not only assist buyers in the process of purchasing their first home, but also alleviate some of the common roadblocks when it comes to making this kind of investment. If you’re in the process of searching for your first home or want to learn more about the...Continue reading

There are Amazon jobs coming to Whitby and Durham Region. Wondering how to apply?

Is your mortgage rate currently above 2.9% Interest? You should consider a refinance! With today's low mortgage rates, you may be able to lower your mortgage payments, pay of high-interest debt, and pay your mortgage off sooner! You could potentially save thousands.... Call or message me today if you would like a FREE assessment of how much you can save.

Whether your child is attending school in-person or online virtually, it’s important to wear masks, social distance and wash your hands often. Have a happy and healthy school year! #backtoschool2020 #backtoschool

Unfortunately for some people this is something that is a huge concern. If you have had a job loss or income loss, if you are unable to pay your mortgage don’t worry. The best this is to reach out to a professional like myself. I can take a look at your specific situation and and help. We can take a look at the best solution for you. We have options available to help you during these unprecedented times.

Excited to Join Sherry Corbitt & Team - Mortgage Brokers

The new "stress test" that almost all banks use to qualify clients is now at 4.79%. makes it a bit easier, especially for first time home buyers. Call me today and see what we can offer you for mortgage options.

Mortgage terminologies can be very confusing for some people. Luckily, I've compiled a list of some of the more commonly used mortgage terms to help take the confusion out of the mortgage application process. Please reach out to me at 416-895-2455 or [email protected] to see how I can help you!

Do you know someone who might be looking for a mortgage or to refinance. Refer your friends and family and I will pay you $200. There's no catch. I just wanted to say THANK YOU for your business. *referral fee paid once mortgage is funded & applies to new referrals only

WHAT IS A REVERSE MORTGAGE AND F.A.Q HOW CAN I USE THE MONEY THAT I BORROW FROM MY REVERSE MORTGAGE? The use of funds are up to you! You can use them to cover daily expenses, renovations, medication, family needs, trips, in-home care, or to help a family member with their down payment (while you still get to keep your home)....Continue reading

THINGS YOU SHOULD KNOW WHEN YOU BUY YOUR FIRST HOME Buying your first home can be stressful and overwhelming. My job is to help you get into that first home and make the mortgage process as simple as possible, while also getting you the best product from one of our many banks and lenders. Below are a few things that are good for you to know to be educated for your home purchase! ...Continue reading

5 BENEFITS OF MORTGAGE PRE-APPROVAL If you’re looking to buy a home now or in the near future, getting pre-approved for a mortgage will provide you a lot of key information, tools and insights to get you a headstart in your home buying experience. While it isn’t a mandatory step, getting pre-approved offers a range of advantages that will simplify your home search and set realistic expectations. Here are five reasons why mortgage pre-approval is beneficial for prospective buy...ers: 1 - IT HELPS YOU UNDERSTAND WHAT YOU CAN AFFORD If you’re in the market to buy a home, understanding what you can afford is key. Getting pre-approved for a mortgage establishes what you’re eligible to borrow right from the start, based on your financial background and other key factors. It also provides insight on your home price affordability, which can then help you properly budget during your home search. 2 - IT SIMPLIFIES YOUR HOME SEARCH Searching for a home can be very time consuming and can often feel like a full-time job. Getting pre-approved and knowing what you can afford will save you time and improve the overall home buying experience. You can set realistic price points within your means, and save yourself the headache of aimless searching and disappointment. 3 - HAVING A BUDGET IS EASIER Once you know how much you qualify for, you can then plan your monthly payments. Based on your intended down payment, you will have a better understanding of how to budget for the future and account for any other household needs and expenses, including closing costs. A common mistake among many buyers is that they don’t factor closing costs into their overall home price affordability. Getting pre-approved encourages you to consider all unforeseen costs so you can plan better. View our list of expected closing costs HERE. 4 - IT GIVES YOU CREDIBILITY TO SELLERS A pre-approved mortgage can serve as a helping hand and a boost of confidence during a transaction. It shows your financial stability and reinforces that you’re a credible buyer with real interest in making a deal. It can also give you added negotiating power on a purchase and a leg up in the instance of a bidding war where multiple offers are made on the same property. 5 - PROTECT YOURSELF FROM INTEREST RATE INCREASES Pre-approval also saves you from unpredictable increases in interest rates. With markets that are constantly changing, this is definitely a key consideration. A pre-approved mortgage guarantees you an interest rate for a period of 90 to 120 days, which allows you to make a purchase without rushing or delaying the transaction. HOW TO GET PRE-APPROVED At HomeLifeMortgages.ca, we’ve made this process as simple as possible, working with many banks and lenders to find you the best mortgage. Apply online today in just minutes and I will personally assist you every step of the way. Call or email today at [email protected] or 416-895-2455.

IS IT THE RIGHT TIME TO REFINANCE OR SWITCH YOUR MORTGAGE? Mortgage rates have continually dropped over the last few years by upwards of 1% for some mortgage owners. This has led many to question if it makes sense to break their mortgage early and refinance, or switch to another lender at the end of their term. Switching can save mortgagees a lot of money, while refinancing can potentially save money, as well as unlock key dollars at important times. WHAT IS MORTGAGE REFINANC...Continue reading

JULY OUTLOOK - In The Mortgage World! During the month of July, Canadian Real Estate Association (CREA) released June data indicating that home sales and housing prices across the country are at an all-time high, with sales up a total of 63% for the month. Despite the recent pandemic, the Canadian housing market is continuing to heat up with more activity among buyers and sellers as lockdown restrictions ease. Read more below to learn about what happened over this past month:... CANADIAN REAL ESTATE DEFIES COVID, SALES UP 63% IN JUNE Over the month of June, home sales across Canada shot up along with housing prices, whiched climbed at a steady pace, according to June data released by CREA. CANADIAN REAL ESTATE PRICES GREW OVER 29X THE RATE OF U.S. HOME PRICES The Canadian housing market is seeing substantial upward trends compared to its U.S. neighbour. With a number of policies in place designed to increase the amount of debt households can carry, Canadian home prices have grown 29 times faster than U.S. home prices. INTEREST RATES WILL STAY AT RECORD LOWS UNTIL 2020, BANK OF CANADA PREDICTS The Bank of Canada announced that its benchmark interest rate will remain as low as possible until the economy bounces back from COVID-19 which is positive news for borrowers, especially those in the market for a home. CMHC TIGHTENS MORTGAGE REGULATIONS SLIGHTLY The Canadian Mortgage and Housing Corporation (CMHC) tightened its underwriting policies for insured mortgages in June. However, with not all lenders following through with these new changes, this may not impact Canadian home buyers after all. If you would like more information, or to have a look at your situation please give me a call or email at [email protected] or 416-895-2455.

Three great reasons to get a pre-approval for your new home mortgage needs.

5 Simple steps to help out first time home buyers with their home purchase

WHO'S BETTER THE BANK OR THE MORTGAGE BROKER Myself as a Mortgage Agent, I work for you. The bank doesn’t. The right mortgage is a critical factor determining long-term savings. The value of a professional mortgage agent comes from having someone who objectively works for you and is not limited to mortgage product offerings from one source; like a bank.... Advice on choosing the right mortgage option considers interest rate, payment privileges, payment penalties, long term savings and much more. Each persons financial situation is unique, and we need to look at the best product for you. Take a look at the differences between my services & the bank’s services in the image below. You never have to worry about a better mortgage on the market you will have it. email me today at [email protected] to chat about your needs.

So you've decided you wanted to enter the housing market as a first-time home-buyer. You know what your ideal neighbourhood is, dwelling type and even how much you are willing to spend. You have also been pre-approved for a mortgage and chosen a realtor. Basically you have done your homework or at least you THINK. When it comes time to obtain a mortgage, it’s never one-size-fits all; rather there is a variety of options to choose from. Based on what is most important to you ... lower rates or flexibility it is best to work with a mortgage broker to obtain a mortgage that is best suited to you. CLOSED MORTGAGE If you want consistency with respect to rates and the length of your mortgage agreement, a closed mortgage is best for you. Interest rates are typically lower (and do not change with the length of the term). However, a closed mortgage does not offer much flexibility in paying off your mortgage down sooner with the exception of a once-a-year lump sum payment up to 20% of your entire mortgage. Predictability and consistency with respect to payment amount Often comes with lower interest rates Limited flexibility with paying down mortgage faster Cannot change interest rate during term of mortgage CONVERTIBLE MORTGAGE Want the best of both worlds? Then consider a convertible mortgage. Convertible mortgages are flexible yet offer minimal risk. Often with a lower interest rate than an open mortgage, convertible mortgages provide the opportunity to switch to a longer-term closed mortgage without penalty. Provide opportunity to take advantage of lower interest rates and switch to a closed rate without penalty Offers lower interest rates than an open mortgage OPEN MORTGAGE If you are looking for flexibility with regards to paying off your mortgage, consider an open mortgage. No penalty is incurred if you decide to make lump sump payments or pay off your mortgage before the term expires; however, this flexibility comes often with a higher interest rate which can result in higher monthly payments. Maximum flexibility; no penalty for making lump sum payments or paying off your entire mortgage before the term expires Higher interest rate Best for: those looking to pay off their mortgage as soon as possible Choosing the right mortgage type will further add to your peace of mind as obtaining a mortgage is perhaps the largest financial commitment you may have. For more information and advice, please contact me today. I would be happy to help and review whats best for you!

WHAT IS A CREDIT SCORE EXACTLY? If you currently have a mortgage or looking to obtain one, it is imperative you maintain a healthy credit score. The three digits that make up your credit score tell a lender a lot about your credit history and ultimately the status of your financial health. Essentially, lenders use the score to assess the risk you present as a potential borrower which significantly impacts if and how much lenders are willing to let you borrow. Reporting agen...Continue reading

Learn why you should be using a Mortgage Agent to get you the best possible Mortgage Product for your unique financial situation.