The House Team
180 North Front Street, Unit 1 K8P 3B9 Belleville, ON, Canada

An annual mortgage checkup is an important stepping stone for long-term success. It will help make sure you’ve: determined if you can take advantage of today’s ultra-low pandemic rates; looked at maximizing your mortgage principal reduction; ... consolidated debt for one manageable payment, improved cash flow, and interest savings (if you have enough equity); and, accessed the lowest-cost funds for large looming expenses. I'll help make sure your mortgage incorporates what may be ahead: it could pay big dividends and is the best way to get you where you’re going in your financial future. Book a consultation today!

Will prices go up or down? How about rates? Here are some predictions... but nobody can say for certain what the future holds. Stay focused on your goals and get in touch for expert mortgage advice tailored to your situation.

This is good info for anyone planning to buy their first home.

Merry Christmas from our family to yours. Stay safe this holiday season. Please note our office will be closed on Thursday, December 24th at 12:00pm and will reopen on Tuesday, December 29th at 9:00am We will also be closed on Thursday, December 31st at 12:00pm and will reopen on January 4th at 9:00am

If you need help polishing your score so you can qualify for the best rates, get in touch.

Looking for a way to support your family’s dreams this year? There’s no place like a home! Did you know that The House Team provides mortgage approval for family mortgage plans? You can help your parents, grandparents or children buy a home of their very own!... A family mortgage plan allows for an individual to share a mortgage with their immediate family members who have good credit, but lack the income to meet standard GDSR (Gross Debt Service Ratio) and TDSR (Total Debt Servicing Ratio) requirements. CLICK HERE for more information on Family Mortgage Plans and a FREE, no obligation review of your family's mortgage! https://www.thehouseteam.ca/shared-family-mortgage-plan-ont Coming together as a family never meant more! ‘YOU’RE APPROVED!’

The Bank of Canada has announced it is maintaining the benchmark rate, noting that Canada’s economic recovery will continue to require extraordinary monetary policy support. The Bank says it will hold the policy interest rate at the effective lower bound until economic slack is absorbed so that the two per cent inflation target is achieved, which the Bank doesn’t expect to happen until sometime in 2023. The next rate-setting day is January 20th, 2021. The beginning of the new year will be a great time to get in touch for a review of your mortgage strategy. It's important to get advice and a personal assessment of your situation if you want to switch your mortgage for a lower rate, need a new mortgage, are renewing or looking to refinance for debt consolidation, renovations or other large expenditures.

The Financial Consumer Agency of Canada has a comprehensive website with tips and tools to help you better understand your finances with a focus on our challenging times. The site will help you think more about your financial well-being - https://bit.ly/3eRmGPe

Winter is coming

With mortgage deferrals ending, there are options for those in need. I'm here to help!

Cash Back Mortgage rates are lower than they have typically been, causing an upswing in use by first-time home buyers. Getting 3% cash back of the total mortgage amount can be a big financial boost and provide much-needed breathing room after closing on the most expensive purchase most people make. The funds can help pay for things like closing costs, renovations, and moving costs. Interested in learning more? Let's discuss whether a cash-back mortgage fits your needs.

In observance of Remembrance Day, our office will be closed on Wednesday November 11, 2020.

Did you know that you can purchase a home and put the renovations right into your mortgage? LEARN MORE HERE: https://www.thehouseteam.ca/purchase-plus-improvements-quin This is called Purchase Plus Improvements and most lenders offer this program. Why? Because these renovations are only allowed to take place if they ADD VALUE to the property. Once the renovations are completed, the property is actually worth more! ... Purchase Plus Improvements Plan Requirements: - Renovations must add value to the property. - Quotes for work to be done must be submitted with your offer to the lender. - Renovations cannot add square footage to the property. - Renovations cannot exceed 20% of the purchase price or $40,000. - Minimum of 5% down payment required for this program. - Work must be 100% complete before renovation funds are advanced. Contact The House Team at 866 559 5016 with any questions and we will walk you through the entire process!