Trigger Rate!

General Mohamed Mahmoud 20 Sep

With current market conditions and rate increases, we are reaching a point where many of us might see a payment reset on variable rate Mortgages with static payments. Feel free to reach out to discuss your options and where you stand 647 901-7948 info@modomortgages.ca

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General Mohamed Mahmoud 7 Sep

The Bank of Canada today (Sep 7, 2022) increased its target for the overnight rate to 3.25% from 2.5%. This means for those of you with Variable rate Mortgages, rates would increase by 0.75% This translates to an approximate monthly increase of $39 per $100,000 Mortgage balance. So if you have a Mortgage balance of […]

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Monthly Finance Talk

General Mohamed Mahmoud 7 Sep

* NEW TIME/DATE*** Wednesday Sept 7th @ 7pm FINANCIAL LITERACY TALK Target Audience: Everyone, especially new to investing and looking to learn about personal finance tips FREE and bring ANY questions Join Zoom Meeting https://us04web.zoom.us/j/6525153146?pwd=S3VZC1mtZV5p_uj9Xv3CpehuxuNYfT.1 Meeting ID: 652 515 3146 Passcode: kH1A0h

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General Mohamed Mahmoud 28 Apr

At the palm of your hand: Get an idea of how much you can qualify for, and calculate different scenarios depending on your situation! Download the Mortgage app here

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Leverage Your Equity!

Mortgage Tips Mohamed Mahmoud 26 Apr

You worked hard for that equity. Maybe it’s time you make that equity work for you. Refinancing your mortgage can be a great way to leverage equity in your home to balance debt, do renovations or to support kids going off to college. Through refinancing you can tap into 80 per cent of the value […]

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What documents do I need once my purchase offer is accepted?

FAQs Mohamed Mahmoud 22 Apr

Documents needed differ depended on the client, but generally, lenders are looking for documents to confirm the following: 1) Income 2) Credit 3) Down payment 4) Subject property Feel free to reach out for more details 647 901-7948 info@modomortgages.ca https://calendly.com/info-36037/30min?month=2022-04

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2022 Third Bank Of Canada Rate Announcement – Apr 13, 2022

General Mohamed Mahmoud 13 Apr

The Bank of Canada today increased its target for the overnight rate to 1% from 0.5%. This means for those of you with Variable rate Mortgages, rates would increase by 0.5% This translates to an approximate monthly increase of $26 per $100,000 Mortgage balance. So if you have a Mortgage balance of $500,000, this would […]

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