Every Bit Counts!
Mortgage Tips Mohamed Mahmoud 30 Nov
Did you know? Every 10% increase in payment shaves more than 7 years off the life of a five-year variable mortgage term, so every bit extra matters and can make a difference!
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Your Mortgage Phone App!
First Time Home Buyer Mohamed Mahmoud 24 Nov
To help determine your budget, download the My Mortgage Toolbox app from the link below. https://www.dlcapp.ca/app/mohamed-mahmoud?lang=en This handy tool will help you calculate mortgage payments, affordability, income required to qualify and even estimate your closing costs! It also allows you to connect directly with me through the app so that I can answer any questions […]
Read MoreDreaming Of Home Renovations?
Mortgage Tips Mohamed Mahmoud 23 Nov
Get a Mortgage to purchase that dream home AND get the funds you need to renovate and make it YOUR home! This is a purchase plus an improvement Mortgage. When it comes to home renovations, always do the things that are going to protect your home in the long-term first!
Read MoreHow do I financially prepare myself for Homeownership?
FAQs Mohamed Mahmoud 19 Nov
Create a budget to ensure you have the financial means to afford your mortgage payment, property taxes, strata/condo fees, monthly utility bills and any other household expenses.
Read MoreCash flow Budget!
First Time Home Buyer Mohamed Mahmoud 17 Nov
So, what’s a cash flow budget you ask? Take into consideration monthly funds that go beyond just your mortgage payment. Costs to consider: • Property Taxes • Home Insurance • Condo Fees • Heat • and more! Being house rich and cash poor can limit your ability to enjoy not only your home but experience […]
Read MoreChange of employment?
Mortgage Tips Mohamed Mahmoud 16 Nov
Did you know? Sticking with your employer while going through the home buying process is crucial. Any changes to your employment or income status can stop or greatly delay the Mortgage process.
Read MoreWhat is a Pre-qualification
FAQs Mohamed Mahmoud 12 Nov
A pre qualification provides you with a ballpark estimate of how much you may be able to afford based on your own self-reporting of your financial situation, in addition to supporting documents. This helps set a realistic price range for those eager to start shopping the real estate market .
Read MoreHome Inspection
First Time Home Buyer Mohamed Mahmoud 10 Nov
Whenever possible, have an inspection done so that you’re completely informed about what you can’t see behind the walls!
Read MoreSave the date!
Mortgage Tips Mohamed Mahmoud 3 Nov
It is a good idea to keep track of when your mortgage term is up. While many lenders send out your renewal letter very close to expiry, shopping for a new term between four and six months before your expiry will ensure you are able to get the best rate for renewal.
Read MoreHomeowner Insurance
Mortgage Topics Mohamed Mahmoud 2 Nov
#Insurance Provider: Once you have confirmed the purchase of your home, you will need to purchase home insurance in order for the home to close. Partnering with a good insurance provider can make all the difference and ensure you receive the right coverage for your contents and space! Your Mortgage lender will lost likely have […]
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