Nick Pyette - Mortgage Agent

Sometimes it's as simple as your rate is out of date! By refinancing or switching your mortgage, you have the chance to save more money with lower rates. Plus, a new mortgage that can better suit your lifestyle and plans.

Upon renewal or a possible refinance, I will ensure that you have access to the best rate and product that suits your needs. So it always helps to check with a broker before you renew your current mortgage. 👍⭐



EASY ONLINE APP⤵️
nickpyette.com
CELL📲519-777-6252

*Disclaimer* Everyone can have different situations regarding income, credit, and time left on their mortgage. Reach out to me and I would be happy discuss your specific situation and see if refinancing makes sense for you.

# ldnont

Your down payment is one of the key aspects to buying a home. If that Bitcoin or TSLA you bought is still not worth enough to buy a house in cash then check out these tips!📈💵

1. If you have less than 20% down then you have to pay a mortgage insurance premium added on to your monthly mortgage payments.

2. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion.

3. Lenders require a 90 day history showing where the down payment originated from and confirm it is in an account in your name. If any larger sums have come from another owned account then they require the same 90 day history.

4. Additional costs such as legal fees, Land Transfer Tax, and the tax on the mortgage insurance premium (if under 20% down) will need to be shown as well. These extra funds show you’re able to afford the closing costs that go along with buying a property, roughly around 1.5% of the purchase price.

For more information on this please reach out and I am happy to answer any questions!



EASY ONLINE APP⤵️
nickpyette.com
CELL📲519-777-6252