Tom Stone Mortgage Agent

Funded - Purchase! A huge congrats goes out to my clients who couldn’t be more deserving of getting this property! We secured great mortgage financing on this deal. I’m so happy we got it done, right before the holiday season & before the expected arrival!

Merry Christmas from us to you! I hope you all have a safe and happy holiday season!

FundedRefinance! Congratulations to my amazing client on securing a great refinance product with an even better lender! It has been a pleasure working with you!

There are some changes coming to the First-Time Homebuyer Incentive Program(FTHBI) coming Spring 2021. This could help many First-Time Home Buyers in the GTA & surrounding area. Here’s an overview of the changes: * First-time buyers will be able to purchase a home up to 4.5 times their household income * vs. four times their income currently... * They can participate if their household income is $150,000 or less * vs. $120,000 currently * With a minimum down payment, the maximum purchase price that will qualify under the program rises to approximately $722,000 * vs. approximately $505,000 currently If you have any questions about the program please feel free to reach out!

5 Ways To Improve Your Credit Score: 1. Pay Your Bills on Time - As soon as a balance shows on your credit card, pay it off. Don’t wait until months end.... 2. Setup Automatic Payments - Automatically setup your debt payments so you don’t have to even think about having to pay it. 3. Long Term Credit - The longer you have a credit account open and use it, the better. Only apply for credit when you need it. 4. Keep Balances Low - Try to use less than 35% of your available credit limit on your credit cards, and lines of credit. 5. Check Credit Report Regularly- Equifax will allow you to pull a free credit report yearly, without hurting your credit. Think of it like a financial physical. Sometimes there are errors in your credit profile, so always good to check up annually.

On a Purchase Price of $500,000 or less, you can put 5% down With a Purchase Price of $500,001 to $999,999 you can put 5% down on first $500,000, then 10% down on the rest up to $999,999 A Purchase Price of a million dollars or more, you will need to put 20% down on the entire Purchase Amount.... Example- With a Purchase Price of $600,000, on the first $500,000, you would have to put $25,000(5%) and then on the remaining $100,000, you’d have to put $10,000 down(10%). So a $35,000 Down Payment is required.