Ask yourself these four questions to determine if you are ready to own a home: 1) Are you financially stable? 2) Do you have the financial management skills and discipline to handle this scale of purchase? 3) Are you aware of all costs and responsibilities as a home owner? 4) Are you ready to devote […]

Never make changes to your financial situation without first consulting me. Changes to your financial situation before your mortgage closes could actually cause your mortgage to be declined. 1. Don’t quit your job. This might sound obvious, but if you quit your job we will have to report this change in employment status to the […]

How long would it take for you to shop 90 stores to find the perfect couch? Now ask that same question about your mortgage. Did you know? A typical mortgage broker has access to over 90 lenders! This can be a real advantage to ensuring you, the client, receives the best mortgage plan and rate […]

Canada has seen a surge of international migration over the last few years. In 2019, we welcomed a total of 313,580 immigrants to the country! This is an increase of 40,000 individuals when compared to 2017 numbers. New to Canada Mortgages According to planned immigration levels, it is estimated that Canada will receive 361,000 in […]

Pay higher taxes or have a larger borrowing power? That is the question. There is balance in today’s mortgage space! Did you know? In most cases, 35 per cent of your gross income for salaried, non-self employed or commissioned individuals is used to determine how much you can borrow.

According to a recent CIBC poll, nearly half (48%) of retired Canadians stopped working sooner than they expected. The result is that many retirees have saved less for retirement than they planned, making unexpected expenses all the more stressful once the income tap has run dry. But you know what they say, preparation is the […]

Did you know? There are THREE potential types of lenders for a mortgage: banks, credit unions and alternative lenders such as monolines or private institutions. To learn more, Contact me Modomortgages@gmail.com (647) 901-7948

Housing Continued to Surge in February Yesterday, the Canadian Real Estate Association (CREA) released statistics showing national home sales hit another all-time high in February 2021. Canadian home sales increased a whopping 6.6% month-on-month (m-o-m), building on the largest winter housing boom in history. On a year-over-year (y-o-y) basis, existing home sales surged an amazing […]

Sagen’s New to Canada Program (NTC) makes it easier for newcomers to get financing and to purchase their first home

If you’re shopping for a home, or have worked with a mortgage professional in the past, you’ve most likely heard of rate holds before. If not, it is something that every potential homeowner should be aware of. This is especially true for the application process as it has some great benefits for active shoppers. If […]