Justin Abernethy - Mortgage Associate

How does the Bank of Canada’s .25% rate cut impact your mortgage? On average, for every .25% decrease, mortgage holders can expect to pay $15 less per $100,000 of mortgage.

It may not seem like a major change however, Bank of Canada governor Tiff Macklem did say it’s “reasonable” to expect more cuts.

Did you know that I have a monthly email list?

Mid-month every month I send out an email that covers some hot topics, tips and updates of what's happening in the mortgage world.

If you're interested in signing up, send me a message and I will get you added!

HUGEEE NEWS!

The Bank of Canada lowered the overnight lending rate, so Prime has FINALLY dropped!

The Bank of Canada rate announcement is next week, what do you think the decision will be?

Comment below with your thoughts...

Have you ever thought about expanding your portfolio? 🔥

Or thought about turning your current home into a rental? 🏠

If these are ideas that you've ever thought about but just weren't sure how to make it a reality, I've got a solution for you. . .

Did you know that you can actually take 80% of the equity out of your current house and use it to put towards your next property. 🎉

If you've got questions about how to go about doing something like this, send me a message 📞

Did you know...⁉️

A larger down payment doesn't qualify you for a better interest rate, an insured mortgage actually typically gets you a better interest rate.

This is because lenders are protected by insurance, so it's a lesser risk to them which means a better deal for you.

That's why a one-size mortgage doesn't fit everyone and also why the interest rate isn't always the most important factor to consider.

Happy Mother's Day to all the amazing moms out there! I hope you have a day as special as you all are. 🌸

I have had SO many conversations lately and the constant seems to be that people aren't aware that using a Mortgage Broker is absolutely free!

I am here to tell you that it is FREE for you to utilize a Mortgage Broker!

Not only are my services free though, I legitimately buy into my clients well being, I care about them and I want the best for them, can you say that your Bank feels that same way? If not, reach out to a trusted Mortgage Broker (like me) next time you're looking at your mortgage, why not, its free.

First off, what is an insured mortgage, let me tell you...

An insured mortgage is when a buyer is purchasing an owner-occupied property with a down payment between 5%-19.99% with an amortization of 25 years or less under $1M.

Now time for your fun fact for the day!
🎉Typically insured mortgages qualify for better interest rates.

Why you may ask?

If you fall into this bracket of insured mortgages you will have a default insurance premium added to your mortgage balance, the good news is because of this added protection to the lender, you reap the rewards of lower interest rates!🔥

I'll be on-site April 13 & 14 from 2:00 - 4:00 pm with Cooper Holm at his Open House at 149 Chaparral Court.

Chaparral is an amazing community with LOTS of amenities, so if you're in the market, stop by to take a look, and if you've got questions about how this property fits into your financial plans I would be more than happy to help!