As a Mortgage Broker, and a mother of 3, I would like to congratulate you on your upcoming arrival.

For you, the coming months will be filled with planning, shopping, doctor’s appointments, and a total overload of information!

What I found was missing when I was pregnant was information & help to plan for the Financial changes that I was about to experience.  Maternity Leave benefits cut my income drastically, and on top of that the added expenses of diapers, baby clothes totally overwhelmed me.  I did not know that had I taken a few easy steps before I had my baby, that the first 5 years of my family would have been much less stressful financially.

Have you thought about your finances for the coming years?

I would love the opportunity to show you what can be done NOW to make the coming years less stressful financially, so you can spend more time enjoying your new baby!

Sarah Hurson Mortgage Agent#09002165

sarah@dropmyrate.ca

For more information please complete the confidential contact form below, or on our Contact Page, or email me directly sarah@dropmyrate.ca

Are you considering buying your first home?  Or perhaps you are re-entering the housing market?  If you are currently paying rent, there is a good chance you can afford a mortgage.

Buying a home does not need to be a stressful time, it should be exciting and fun.  If you have excellent professionals on your side they will glide you through the process effortlessly.  Find the right Real Estate Agent and Mortgage Agent and they will be able to help you through the rest.

How Much Down Payment Do I Need?

You only need to have a 5% down payment to purchase a home.  You should also make sure that you have a little extra for closing costs; for example Land Transfer Tax, your Lawyers Fees, etc.

The 5% can be withdrawn from an RRSP.  It can also be borrowed from another source, i.e. a credit card or line of credit.  Your downpayment could also come from a Gift from a family member or friend.

What is a Pre-Approval?

A Pre-Approval is when your Mortgage Broker processes a Mortgage Application for you and gets you pre-qualified to purchase a home.  This is beneficial in so many ways most importantly:

-tells you how much you can afford so you know what price range of home you should be shopping for

-gives you a competitive edge when placing an offer over another bidder who is not pre-approved

What is the First Time Home Buyers Tax Credit?

Visit the Government of Canada website for more information and speak to your Tax Accountant to see if you qualify

What type of Mortgage should I choose?

Speak to your Mortgage broker about the benefits of each type of mortgage.  You probably will have a choice between a Fixed Rate Mortgage, and a Variable Rate Mortgage.  With some lenders a Variable Rate mortgage can be converted at any time to a Fixed Rate, so you can have the benefit of both.  Many first time homebuyers feel more comfortable with a Fixed Rate Mortgage, so they can easily budget their monthly payments.

How do I get started?

Complete our confidential contact form (below) or on the CONTACT page

We will email you a Mortgage Application Form.  This gives us your basic financial information and will allow us to complete a free confidential assessment for you, to tell you IF you qualify for a mortgage  and for HOW MUCH.

(*all information is O.A.C. and subject to income & debt qualification ratios)

Are you feeling overwhelmed by debt? Struggling each month to meet your minimum payments?
Spent too much over the holidays and can’t seem to catch up?  See the demonstration below…………many people really benefit from Refinancing to pay off some of their high interest debts, and rolling everything into one payment.  How much could you save???  Imagine what you could do with an extra $1000 + per month!

FOR A FREE, NO OBLIGATION ASSESSMENT, USE THE CONTACT FORM BELOW AND one of our Mortgage Agents will get in touch with you within 24 hours to see how much YOU may qualify to SAVE!

Fixed Rate Mortgages 1,2,3,4,5, 7 and 10 year terms are available. Lock into a Fixed Mortgage rate for the term of your mortgage. Benefits: monthly payments are always the same (easy for budgeting), if Interest rates go up you are protected from paying more.

Variable Rate Mortgages These are for clients who do are comfortable with fluctuations in interest rates, and monthly payments. Benefit of variable rate mortgages is when rates are low your payments are lower and you pay less interest. However, if interest rates rise, you may pay more. Many lenders will allow you to lock into a Fixed Rate mortgage with no penalty. This is called an Adjustable Rate Mortgage (ARM).

Self-Employed Mortgages are available to self-employed individuals with as little as 5% down. Income qualification can be based on stated income.

Rental Properties Mortgage laws in Canada are changing regarding rental properties in Canada. Contact one of our mortgage Agents for more details.

Commercial Properties Office, retail, multi-unit residential, Industrial,investment properties. Each Commercial deal is assessed individually and our Mortgage Specialists will match each deal with the most appropriate lender.

2nd Mortgages Second mortgages are often a very good solution to take equity out of your home without paying a large penalty to refinance. Second mortgages are often also used in purchases where a lender will not go beyond a certain loan to value.

Home Warranty Program Free one year in home warranty program is available on new mortgages. “Gain access of up to $10,000 in home repair services for 12 months free” Heating & air conditioning systems, electrical systems, water heater, plumbing. **some conditions apply and only offered by certain lenders*** Ask your Mortgage Agent for details!