1-2-3 Mortgage application

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1-2-3 Mortgage application

1-2-3- Mortgage applicationThe simplest, quicker and most secure online mortgage application is here for you now.

Now is as 1 2 3 to apply to get the funds you need.

Simplest personalized & secure link form you will fill

Your secure personalized link takes you to a most secured application that you fill from the comfort of your home, then get the good news right there.

We care, apply now

Apply Online

Effects of Recession

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RecessionEconomists officially define a recession as two consecutive quarters of negative growth in gross domestic product (GDP). This is a significant decline in economic activity spread across the entire country.

A short analysis of how recession might affect our families and the positive perspective at the end of all

But, how does affect you as a home owner with a mortgage?

There are a number of different scenarios and a solution to a single scenario should not be considered as a solution to all.

The impact of an economy in recession, besides the slowdown of the industrial production and manufacturing, might be a greater number of job losses affecting first the low levels of a work force, like in retail positions, service industry as the consumer spending slows down, due the decline in real income.

So a small business sees less dynamism in sales ,products may stay longer in shelves as demand of the products slows down as well, obtaining a line of credit now should be considered to improve cash flow

Large companies may stop hiring or even reduce workforce or reduce benefits and other alternatives seeking to cut costs.

May I offer you a one on one advise?

In regards to credits, as income from sales or salaries decreases, repayments to debts may suffer the same effect, damaging credits and leading to reduction of possibilities to obtain new credits or even to keep existing ones, seriously affecting the cash flow in a family or business.

Borrowers with current mortgages with fixed rates, may be more at peace than those with a variable rate if the devaluation of the currency persist, as the bank of Canada may be dragged to increase the prime lending rate and mortgages with variable rates may become un-affordable suggesting an early refinancing early rather than late may be the best to do.

For those who are currently renting and planning to finally purchase their home in the near future, and their source of income is not at risk of being lost, the best advise might be to accelerate their plan as much as possible (see mortgage assessment) and secure a mortgage with a low fixed mortgage rate and take advantage of the first time home buyers credits offered by the government.

The good part of the story is that history shows that those who were prepared to stand during recessions, may become stronger once the economy rebounds, and it will, there is no question about it. They be stronger as some competitors may fade or even be out of business because they were not prepared.

Recessions don’t last forever be prepared!

Contact your mortgage agent

A refinance story

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A refinance story

Hawaii calm beach

Hawaii calm beach

After a period of some stressful time in their life, this including hard work, a change of workplace, some family illnesses and some accumulation in the credit card usage , a client called me asking for some financial advise. Their goal was to recuperate their financial stability, to stop accumulating debt with high interest rates that were consuming a great deal of their fixed income and mainly to get a piece of mind to continue.

We had a chat a coffee shop and before my medium size of black coffee was finished we were filling up their online mortgage application, I simply learned what they wanted and their particulars, the rest was just a matter of simple paper work that we both worked together on.

Can I help you refinancing?

After a few days they were able to reduce considerably their high cost of borrowing and by the first month they were able to feel the financial difference, that was in the very short time, on top of that a projection of their future debt accumulation showed them a great difference in the overall reduction of their debt. Freeing cash using the equity in their home without losing nor risking any future home resale value was the triggering tool that gave them a piece of mind.

After the second month they were able to travel to Hawaii to realize a long due trip they had promised to each other to enjoy.

Today their mortgage payments are low and their debt is on the decline

As a token of thank you they shared the following pictures taken from their hotel room balcony, a time they enjoyed and will remember in their lifetime.

Apply On Line

Line of credit for floodings

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Line of credit for flooding

Underwater car on Wilson Ave. in Toronto

Emergency funds are one example of good use of a line of credit.

In the link to video below we have an example of unpredictable events against which we should keep monetary provisions like a line of credit.

Recuperating from this losses is easier when having already a open equity line of credit when you only pay interests on the borrowed amount “when” you need them and at rates that are a lot lower than credit cards.

Be smart!, Set up now a line of credit even if you have a low credit score and you are prepared for contingencies that may occur in the future!