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.
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The Truth About How Fixed Rates Are Determined
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Qualifying Criteria For Investors
You may have heard that the Government is proposing new tougher qualifying criteria for investors. Below is an article that goes into details.
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The Smith Maneuver: The Loophole Canadian Real Estate Owners Use To Lower Taxes
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
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Making A Difference In Your Future Wealth!
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.
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Season’s Greetings From Keith Uthe Demystifying Mortgages
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!
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MARC & MANDY - Keith Uthe Benefits of a Mortgage Broker V2 1
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MARC & MANDY - Keith Uthe Difference Between Fixed & Variable Rate Mortgages
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Mark & Mandy - Keith Uthe Tips For Being Pre Approved For A Mortgage
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Six Tips To Ensure You Have The Right Documents For Mortgage Financing
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.
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How Mortgages Have Changed in Canada Due to COVID
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.
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Keith Uthe - Mortgage Alliance Enrich Mortgage Group
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Four Ways To Overcome Not Qualifying For A Mortgage
When trying to obtain mortgage financing, the last thing anyone wants to hear is that they can’t qualify for a mortgage or the mortgage amount expected. Being denied financing is frustrating, embarrassing, and disappointing. However, if this happens to you, it is important to clearly understand why your application was declined. Often, other financing options or opportunities could be considered depending on why your application was turned down or your qualifying amount reduced. At Keith Uthe Demystifying Mortgages, I understand that the mortgage process can get hard, especially when faced with rejection. This is why I have written down four ways to overcome not qualifying for a mortgage. Anyone seeking financing for a new home purchase or refinancing will find this beneficial.
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A Beginner’s Guide To The Top Five Cost Surprises For First Time Home Buyers
A home is one of the most rewarding purchases you can make, but it definitely comes with its share of unpredictable expenses. As much as possible, you want to avoid being caught by surprise as a house is a large investment. So, before you proceed to purchase a house, make sure you have an idea of what you’re getting into and whether you can afford it. You don’t want to fall in love with a home only to find out that the cost of living there will overextend you. To help you take into account all of the expenses involved, Keith Uthe Demystifying Mortgages has created a Beginner’s Guide to the top five cost surprises for first-time homebuyers. We’ve also included other items you should be considering, so you’re not shocked when the bills start arriving.
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The Truth About Mortgage Pre-approvals
If you want to purchase a house but are unsure about how much you can spend, knowing which homes are within your range is difficult. For example, you might find a property that looks exactly like your dreams but have no idea about whether it’s a realistic option for your budget. In such cases, it helps if you get a pre-approval. A pre-approval means that a lender has agreed, in principle, to lend you a specific amount towards the purchase of a house. However, they have not yet proceeded to the final approval. A pre-approval allows you to know the maximum funds available to you so you can narrow your search and negotiate with more certainty.
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Bank of Canada keeps key interest rate target on hold
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Jordan Press, The Canadian Press
Original Article Posted on: June 9, 2021
Link to Original Article: https://www.advisor.ca/news/economic/bank-of-canada-keeps-key-interest-rate-target-on-hold/
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High Lumber Prices Impacting Home Building Costs
The COVID-19 pandemic has pushed up the cost of building materials significantly. Consequently, The National Association of Home Builders (NAHB) estimates that high lumber prices are currently adding at least $24,000 to the price of a typical new single-family home.
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Decline in demand hasn't stemmed price gains for homes across Canada
Original Article Source Credits: Calgary Herald , https://calgaryherald.com/
Article Written By: Joel Schlesinger
Original Article Posted on: June 11, 2021
Link to Original Article: https://calgaryherald.com/life/homes/new-homes/decline-in-demand-hasnt-stemmed-price-gains-for-homes-across-canada
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Federal tax change helps keep business in the family
Original Article Source Credits: Western Investor, https://www.westerninvestor.com/
Article Written By: Dino Infanti, KPMG LLP Canada
Original Article Posted on: Jun 30, 2021
Link to Original Article: https://www.westerninvestor.com/british-columbia/federal-tax-change-helps-keep-business-in-the-family-3923037?
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Edmonton's luxury market experiencing 'trickle up' effect
Original Article Source Credits: Edmonton Journal , https://edmontonjournal.com/
Article Written By: Joel Schlesinger
Original Article Posted on: June 11, 2021
Link to Original Article: https://edmontonjournal.com/life/homes/edmontons-luxury-market-experiencing-trickle-up-effect
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Housing Market Moderates in May, but Prices Forecast to Rise 19.3% this Year
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: June 15, 2021
Link to Original Article: https://www.canadianmortgagetrends.com/2021/06/housing-market-moderates-in-may-but-prices-forecast-to-rise-19-3-this-year/