Preparing for Homeownership
Mortgage Topics Mohamed Mahmoud 4 Aug
Becoming a homeowner is a huge accomplishment – and an equally large responsibility. That’s why it’s important to know what to expect before you begin home hunting.
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What is Title Insurance?
General Mohamed Mahmoud 3 Aug
Fraud, property lines, encroachment, wells, septic. Home ownership can come with some risks. Title insurance can protect consumers AND mortgage lenders against most. Did you know? Title insurance is most commonly used to protect against title fraud, which involves an individual using stolen personal information or forged documents to transfer home titles.
Read MoreUnderstanding your Credit Score
Mortgage Topics Mohamed Mahmoud 29 Jul
One of the important factors in home ownership is understanding things like your credit score. Some people don’t pay much attention to this metric until they begin the mortgage discussion! However, you will find that your credit score is one of the most important factors when it comes to qualifying for a mortgage at the […]
Read MoreIncrease your Financial Security
Mortgage Topics Mohamed Mahmoud 22 Jul
Learn the strategies you can leverage in today’s market to increase your rental portfolio and get that much closer to financial security. Ask me how. info@modomortgages.ca 647 901 7948
Read MoreLooking For A Place To Make Your Own?
General Mohamed Mahmoud 21 Jul
What’s an owner occupied purchase
Mortgage Tips Mohamed Mahmoud 20 Jul
Buying a home for the sole intention of residing in the dwelling yourself can have big rewards! There is even room for a rental component (mortgage helper), but it is key for the purchaser to live in it! You may borrow up to 95% of any price for an owner-occupied purchase in most urban areas. […]
Read MoreOngoing Costs
FAQs Mohamed Mahmoud 16 Jul
In addition to your mortgage payments, you need to be prepared for property taxes, insurance, utility bills, condominium fees and routine repairs and maintenance.
Read MoreBank of Canada Tapers Bond-Buying Again
Dr. Sherry Cooper Mohamed Mahmoud 15 Jul
The Bank of Canada maintained its target overnight rate at its effective lower bound of 0.25%. It tapered its quantitative easing bond-buying program for the third time to net purchases of Government of Canada (GoC) bonds of $2 billion per week. Bank of Canada ‘On the Vanguard’ of Unwinding Stimulus The Bank of Canada raised […]
Read MoreGeneral Mohamed Mahmoud 14 Jul
The Bank of Canada today held its target for the overnight rate at the effective lower bound of 0.25 percent. This means for those of you with Variable rate Mortgages, the rates will remain the same. The Bank of Canada projects that they will maintain this until sometime in the second half of 2022. Click […]
Read MoreThe Time is Now!
General Mohamed Mahmoud 13 Jul
The time is NOW! Rates are still at an all-time historic low. What are you waiting for? Contact me today to learn more! info@modomortgages.ca 647 901 7948
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