The mortgage pre-approval process is an essential step in the home-buying process. It helps potential homebuyers understand how much they can afford to spend on a home, and it gives them a better chance of getting approved for a mortgage when they find the home they want to buy. However, navigating the mortgage pre-approval process can be overwhelming, especially for first-time homebuyers. With this in mind, Keith Uthe Demystifying Mortgages has prepared five points that will help you how to navigate the mortgage pre-approval process, including what documents you need, how to choose the right lender, and what to expect during the pre-approval process.

If you're a homeowner, you may already have a mortgage with a lender. However, did you know that you have the option to transfer your mortgage to a new lender? Mortgage transfer is the process of moving your mortgage from one lender to another, and it can offer several benefits, including access to more rate options and equity. To explain this in more detail, Keith Uthe Demystifying Mortgages has prepared a list of benefits that you can get while a mortgage transfer.

While owning a home can be a great investment, the process of buying one can be overwhelming, especially for first-time homebuyers. Understanding the costs associated with buying a home is crucial to avoid surprises and ensure that you are financially prepared for the home buying process. To ensure you are in the know, us experts at Keith Uthe Demystifying Mortgages have prepared a list of five points for understanding the costs of buying a home.

Renewing your mortgage can be an overwhelming experience, especially if you are unsure of what to expect. With so many options available, it can be difficult to know which one is the best fit for you. Making the right decision when it comes to renewing your mortgage can save you a considerable amount of money in the long run. To explain this in more detail, Keith Uthe Demystifying Mortgages has prepared a list of five questions to ask yourself before completing your renewal.

Ramping up referral business is more important for your success than ever in 2023, B2B NETWORKING WILL BE VERY IMPORTANT AND IF YOU WANT MORE BUSINESS, then you need to read this.

Inflation, product pricing, transportation costs, real estate pricing and rising interest rates are all putting pressure on virtually every business, its customers and its database. Hot leads have simmered, and suddenly business is harder to come by.

Keith Uthe Demystifying Mortgages wishes you and your family a wonderful Holiday Season and a happy, healthy, and peaceful New Year 2023!

When interest rates go up, mortgages become more expensive as their interest rate also goes up as well. This makes it more costly for consumers to purchase a home.

A renovation is a great way to spruce up your home. With a well-planned and correctly executed renovation project, you can turn an aging-looking house into an attractive property that sells for way above what you initially expected. This said, there are many different types of renovations, and each has its own challenges and benefits. 

It’s been a couple of COVID years, but the Bank of Canada has started to increase interest rates after nearly two years of historic lows. Many people are now encountering difficulties as a result of this decision, from regular Canadians to financial professionals who are finding the changes very much challenging.

With the changes in lending rules, the need for private lenders is increasing exponentially. With many of them now offering lower rates and unique financing programs, homeowners and investors are increasingly tapping into these solutions as part of causing and creating their future wealth. To get you a mortgage product that works for you and your unique requirements, Keith Uthe Demystifying Mortgages has written down seven reasons to use a private lender for purchases and refinances. 

Purchasing a new home is exciting and, of course, one of the biggest purchases you will ever make. And if you’re like most people who need to borrow money by taking out a mortgage, you will need to decide whether you should choose a fixed rate or a variable rate mortgage.

You may have heard that the Government is proposing new tougher qualifying criteria for investors. Below is an article that goes into details.

Original Article Source Credits:   Better Dwelling, https://betterdwelling.com/

Article Written By:  Stephen Punwasi

Original Article Posted on:  Dec 27, 2021

Link to Original Article:  https://betterdwelling.com/the-smith-maneuver-the-loophole-canadian-real-estate-owners-use-to-lower-taxes

When it comes to making changes to the way people perceive mortgages and wealth, we work with many of them to avoid making mistakes that could cost and impact them for the rest of their lives. When it comes to getting a mortgage, you want to make sure the people you are working with understand who you are, what your wealth goals are, and what the most appropriate mortgage is for your situation. Many think using a mortgage broker costs them money when in fact, in most instances, it costs nothing with only some special situations, where paying a commission is required. When borrowers don’t work with a mortgage broker, what they end up discovering is that they have cost themselves more in the long run because they did not have someone who clearly understood their situation. That is someone with knowledge and information that could guide them to the best mortgage for their needs.

Keith Uthe Demystifying Mortgages wishes you all the best for the Holiday Season! May your time with family and friends be filled with joy, love, and happiness. We are looking forward to a new normal in 2022, full of growth and abundance for everyone!

As a home buyer or investor, purchasing a property is one of the best and biggest long-term investments that you will make. We work to make the process as simple as possible which is also made possible by the quality and thoroughness of the documents you provide. Being a huge financial investment, you need to make sure that you have all your financial records and information in order, especially when you take on a mortgage. This will help with finding you the best mortgage product and ensure your mortgage approval process will go smoothly and efficiently. 

The COVID-19 pandemic has had an impact on nearly all facets of life in Canada and sectors of the Canadian economy, including the real estate industry.

There has been a significant change in the construction rate, the number of home sales, and open houses across the country. The mortgage application process has also followed suit. On top of this, the pandemic saw interest rates drop to historic lows, although the Bond Yield is now increasing quickly post-election causing fixed rates to rise, variable rates still have large discounts, so let’s chat about how this can affect you and your home.