General Mohamed Mahmoud 24 Feb
Download My Mortgage Toolbox App and find out how much you qualify for. Plus many more features to help you on your journey! https://www.dlcapp.ca/app/mohamed-mahmoud?lang=en Download here
Read MoreFirst Time Home Buyer Mohamed Mahmoud 23 Feb
One important note to keep in mind if you’re buying a condo apartment or townhouse. Always make sure to review the strata certificate before putting an offer. This will show details pertaining to maintenance fees, active law suits, reserve funds, and any assessments. Most lenders will not lend on buildings with active lawsuits, especially if […]
Read MoreMortgage Tips Mohamed Mahmoud 22 Feb
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 […]
Read MoreFAQs Mohamed Mahmoud 18 Feb
Yes, you can! It’s important to know t hat you need to submit additional documentation when self employed, such as two years notice of assessment, two years of T1 Generals and proof of being in business for yourself for two years (business license etc.).
Read MoreMarket Trends Mohamed Mahmoud 17 Feb
Short answer: 1) Significant number of Canadians locking from variable into fixed rates out of fear rather than doing the actual math 2) Banks report record earnings as the result of the previous point 3) A ”Net” zero increase in prime rate (relating to variable rates) by year end. Might go up and then back […]
Read MoreFirst Time Home Buyer Mohamed Mahmoud 9 Feb
Keep your credit score healthy by keeping credit cards as low as possible, paying bills on time and keeping your current credit cards open.
Read MoreMortgage Tips Mohamed Mahmoud 8 Feb
If you’re self employed, that doesn’t mean you need to pay higher taxes to qualify for a Mortgage There are special products for self employed that can save you more towards your bottom line. Ask me how 647 901-7948 info@modomortgages.ca
Read MoreFAQs Mohamed Mahmoud 4 Feb
Yes! You will need to make arrangements for a lawyer or notary to draw up the Mortgage documents for you to sign before closing. They will oversea the real estate transactions and advise on legal matters accordingly.
Read MoreFirst Time Home Buyer Mohamed Mahmoud 3 Feb
Now that you have finished signing your mortgage paperwork and getting the keys to your first home, there are a few things to keep in mind after you buy to protect your investment and ensure future financial success! 1) Maintaining your home and protecting your investment. 2) Make your mortgage payments on time 3) Plan […]
Read MoreFAQs Mohamed Mahmoud 21 Jan
Some banks will send you a renewal letter within several months of your term, encouraging you to sign at the current posted rate to roll of your Mortgage. I recommend you speak to a licensed Mortgage Professional to ensure you are exploring all of your options when it comes to your next Mortgage term.
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