Ankit Tomar’s Post

Today, we're diving into the mortgage and property market and, how 2023 went and what to maybe expect from 2024. The Current Market As we all know, the past year has been a challenging one for potential buyers. High-interest rates and some uncertainty around property prices have made the dream of owning a home difficult to navigate these past 12 months. ☎️Contact us today to learn more about your options! 👉🏽https://lnkd.in/edS6u5Sm THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Your Property Financial Ltd (FCA Number:942504) which is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd (FCA Number: 187834) which is authorised and regulated by the Financial Conduct Authority. We usually charge a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity. The Financial Conduct Authority does not regulate some forms of buy-to-let, overseas and commercial mortgages. #yourpropertyfinancial #mortgagebrokers #mortgageTips #firsttimebuyermortgage #HomeLoan #mortgage

Living costs have gone up, and a big part of that is due to higher mortgage repayments. Recent data from the Australian Bureau of Statistics shows that mortgage interest charges have increased by 26.5% over the past year. This affects everyone, but especially those who own property or are looking to invest. If you're an investor or business owner, these rising costs can impact your financial plans. It’s important to understand how this affects your bottom line and what you can do to stay ahead. 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: 🔹𝐅𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Higher mortgage repayments mean your property investments might cost more each month, which could impact your cash flow. 🔹 𝐅𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫𝐬: These increased costs might affect how you manage your investments and future plans. 𝐖𝐡𝐚𝐭 𝐘𝐨𝐮 𝐂𝐚𝐧 𝐃𝐨: Now is the perfect time to review your mortgage options. Consider refinancing or adjusting your financial plan to ensure you’re making the most of your investments. 𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐜𝐨𝐧𝐭𝐫𝐨𝐥 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐟𝐮𝐭𝐮𝐫𝐞? Book a FREE consultation with us today, and let's discuss how you can achieve abundance through smart property investing. 👉 https://lnkd.in/gGXiR_BD #PropertyInvesting #MortgageAdvice #FinancialFreedom #Abundance #LagosFinancial

Rising mortgage costs are something every property investor needs to be aware of. It's crucial to stay informed and proactive in these times. Reviewing your mortgage options could make all the difference in your financial strategy. 🌟 Ready for a fresh start this financial year? Book a free consultation today.

Fixed-rate mortgages offer several advantages that can be enticing to people like you and me. These include, but are not limited to: • Budgeting with Payment Stability – Many folks go for fixed-rate mortgages because it keeps things simple and steady. When your interest rate stays the same, it makes budgeting and planning for your financial future a breeze! • Protection Against Interest Rate Increase – Fixed-rate mortgages protect borrowers against rising interest rates. Once you lock in fixed rate, you are shielded from the impact of interest rate hikes. • Long-Term Financial Planning – Fixed-rate mortgages are suitable for those who prefer long-term financial planning. The stability in payments allows homeowners to focus on other aspects of their financial foals without worrying about payment volatility. Fixed rate mortgages are best for those who value financial certainty and peace of mind, making homeownership more secure. Lock in your fixed-rate mortgage with ME today! #mortgagebrokersarebetter #mortgagrenewal #mortgageready #mortgagerefinance #mortgage #mortgagetips #mortgagebroker #realestatetips #firsttimehomebuyer #sellingahome #buyingpower #buyingahome #Elmwood #Southdale #transcona #financialgoals #fiancialfreedom #equity #construction #newbuilds #callme

Can my RSU income be included on a mortgage application? This is a question I am often asked by my clients who are employed in companies where a significant part of their overall compensation is from RSUs. The answer will depend greatly on the lender, with some with quite favourable in their policy, and others unwilling to accept this at all. Typically, mortgage lenders who do accept RSU income would look for a consistent history, often over a period of two to three years, taking into consideration the vesting schedule, the stability of the income stream, and the performance of the company’s stock. There are some specialist lenders that go even further, taking a more bespoke approach, particularly with individuals working for established employers, looking at all elements of the bonus awards including cash elements, vested and even unvested stock. #mortgages #mortgageadvice #mortgagebroker

Are you considering equity release or looking to manage your finances in retirement? We’re here to help. At Kingsbridge Mortgage Advice Ltd, we have experts in later life lending and equity release who will be able to provide advice tailored to your unique situation. You can find out about Julie, Caroline and Oliver how to contact them here: https://lnkd.in/eXCeyqtF Let's secure your future together. This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice. Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. Kingsbridge Mortgage Advice Ltd is an appointed representative of The Right Mortgage Ltd who are authorised and regulated by the Financial Conduct Authority. Registered in England and Wales no. 12841963. Registered Address : Cornerstone House Midland Way, Thornbury, Bristol, BS35 2BS. #EquityRelease #MortgageAdvice #MortgageAdvisors #UKMortgageAdvice #UKMortgages #KingsbridgeMortgageAdvice #LifetimeMortgage

Buying a home is a powerful tool for building generational wealth. Here are three ways homeownership can contribute to financial stability and prosperity for future generations: 1. Appreciation Value Increase: Over time, real estate generally appreciates in value. This means that the home you buy today is likely to be worth more in the future, providing a substantial asset that can be passed down to your heirs. 2. Equity Building Mortgage Payments: As you pay down your mortgage, you increase your equity in the home. This equity can be leveraged for other investments or passed on to future generations as a valuable asset. 3. Tax Benefits Deductions: Homeowners can often deduct mortgage interest and property taxes, reducing their taxable income and saving money that can be invested or saved for future generations. https://lnkd.in/g9fpFjKU #buildwealth #generationalwealth #homebuyereducation #compassmortgage

EQUITY RELEASE WEDNESDAY- When we say the rate is ‘Fixed for the lifetime of the mortgage’, this means it’s Fixed for as long as your around! For illustrative purposes, lenders put an ‘estimate’ term on the illustration that is produced. This gives you an idea of what the loan amount could look like if you don’t pay the interest and roll it up over a particular term. IF you out live the term that’s showing on your illustration, you are not then made homeless, the mortgage continues with you until your time comes. If this is a joint application, it’s when the last one of you goes into long term care or is no longer with us 🧡 Equity Release is based on your age, health, and Property NOT affordability. You Dream it, We Achieve It 🧡   (A Lifetime mortgage may impact your entitlement to means-tested benefits and the inheritance you may leave)    #laterlifefreedom #youdreamitweachieveit #purchase #equityrelease  #laterlifelending #mortgagebroker #essexbroker #raisingfunds #family #lifetimemortgage

🏠 Unlock Your Monthly Savings Potential with Refinancing! 🏠 Is your mortgage rate higher than it could be? Refinancing now can save you money, reduce your monthly payments, and put you on a better financial path. Here’s why you should consider it: 💸 Lower Monthly Payments: Take advantage of lower interest rates and reduce your mortgage payments. 📉 Pay Off Your Mortgage Faster: Cut down on interest payments and get debt-free sooner. 🔒 Lock in a Stable Rate: Secure a low, fixed rate to protect against future interest rate hikes. 📈 Boost Your Financial Health: Refinancing can free up cash for other investments or needs. Don’t wait for others to reap the benefits – start the refinancing process today and we will lock your rate in at the lowest available rate! Comment below or reach out directly for personalized guidance. Let’s get you on the path to savings and financial wellness! #Refinance #MortgageSavings #FinancialFreedom #SmartInvesting #HomeSweetHome #MortgageEssentials #RealEstate #InterestRateReduction #NowIsTheTime #ActNow #LowInterestRates #RealEstateAdvice #GetPreApproved

Ever wondered if mortgage payments can increase? Well, it’s not as straightforward as you might think. Sure, an interest rate change can impact your payments, but there are other factors at play as well. Let’s dive in and explore the nuances of this often overlooked topic. Here Are 4 Ways Your Mortgage Payments Can Increase: 1. **Interest Rate Fluctuations**: This one is a no-brainer, as even a slight adjustment in interest rates can lead to higher monthly payments. 2. **Escrow Account Adjustments**: Changes in property taxes, homeowners insurance premiums, or mortgage insurance rates can trigger an increase in your payments. 3. **Loan Modifications**: Refinancing or modifying your loan terms can alter your payment amount, sometimes resulting in an uptick. 4. **Outstanding Balances**: If you have adjustable-rate mortgages or interest-only loans, be prepared for potential payment hikes as your balance fluctuates. So, what's my prediction for the future of mortgage payments? Well, with the economic landscape constantly evolving, it’s safe to say that borrowers should expect fluctuations in their monthly payments. Understanding the reasons behind these changes can help you navigate the complexities of mortgage financing with confidence. Dig deep, stay informed, and remember that knowledge is power when it comes to managing your finances. #MortgagePayments #FinancialLiteracy #HousingMarketInsights 🏠💰