Canadian Mortgage Professional’s Post

Owning a home is often seen as a significant milestone and a long-term investment. However, the decision to buy a house and get a mortgage should be carefully considered based on individual circumstances and financial goals. There are various advantages to buying a house, including building equity, stability, and potential tax benefits. 📞 Call or Text: 832-431-6331 20+ Years in Business Serving America! If you are in the process of buying your home and you’re not sure how the process is supposed to happen. Get into your new home today with Angelo Christian. Click the link below. https://lnkd.in/eydWigm “CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.” #angelochristian #firstlienheloc #lineofcredit #gettingamortgage, #howtogetamortgage, #badideatogetamortgage, #donotbuyahouse, #shouldibuyahousein2024 #shouldyoubuyahouse, #YouwillregretBuyingAHousein2024 https://lnkd.in/gDwQGnwZ

Over the past few weeks I have provided advice and solutions to many clients who are coming to the end of a fixed rate deal and looking to remortgage at a time where there is so much noise, in the media, and misinformation, on social media, about the current and future state of interest rates. Some homeowners are super organised and are looking 6 months ahead to their renewal date, some homeowners have left it late and are panicking about their payments increasing in the next month or two, and some homeowners don’t even realise their rate has changed until their payments start to increase. The one thing they all have in common is a desire for expertise and transparent advice to get them the best possible deal! My three top three tips for homeowners when it’s time to remortgage are; Don’t wait until the last minute - you can start looking at your options 6 months before Don’t just accept your existing lenders offer - use the expertise of a broker to shop around for the best deal The lowest rate isn’t always the best deal - looking at the overall cost over the term is so important Ryan Watt Cert CII (MP) Mortgage Advisor M: 07484709750 E: ryan@cleveradvice.co.uk

Sure, you could go it alone but using a Real Estate Agent has some real advantages. Check out how working with an Agent can save you BIG, in our blog CORE MORTGAGE SERVICES, LLC, 814-272-0125, COMPANY NMLS #1157987, LICENSED BY THE PENNSYLVANIA DEPARTMENT OF BANKING (WWW.NMLSCONSUMERACCESS.ORG) https://lnkd.in/e84qrsY8

🚨 Big changes ahead in the mortgage industry 🚨 FSRA's Gina Stephens recently attended the Mortgage Alliance Fall Rally in Brampton to share key insights on FSRA’s supervision priorities for the mortgage brokering sector for 2024-2025 (https://ow.ly/pWqj50TBBal) 🏡 🔍 2024-2025 focus areas include: • Ensuring consumers have the protections and information they need when seeking a private mortgage • Protecting mortgage investors by examining the distribution and handling of mortgage investments • Focusing on large brokerages who impact the greatest number of consumers in Ontario These initiatives will help FSRA ensure transparency and accountability when consumers are looking for a mortgage. #MortgageIndustry #Supervision #Compliance #FSRA #FinancialRegulation #MortgageSuitability #APRCompliance

According to the latest HMDA data, working with an independent mortgage broker can save you up to $9,407. Don't miss out on these potential savings! Contact me today to learn how. #wilsonwholesalemortgage #mortgagebrokers #mortgageloan

Understanding Asset Reserve Requirements for Your Mortgage ㅤ Beyond down payment and closing costs, mortgage lenders may request reserves, ensuring you have the capacity to meet future payments. Reserves are defined in terms of PITI (Principal, Interest, Taxes, and Insurance), covering 'X' months of mortgage payments plus mortgage insurance, where applicable. For owner-occupied homes, reserves typically range from two to six months of PITI. Second homes may require three to four months, while investment properties usually need six months or more. Even with no down payment mortgages, reserves might still be necessary to demonstrate your ability to manage monthly payments. ㅤ To learn more, please contact us: 713-387-9521 marketing@boxwoodmortgage.com www.boxwoodmortgage.com Co. NMLS # 1824674 Patti Contrasto | Mortgage Broker| NMLS #294661 Patti@boxwoodmortgage.com |D: 713-387-9521 Boxwood Mortgage LLC | 2700 Post Oak Blvd # 21, Houston Tx 77056 | EIN 83-2970443 ㅤ ㅤ ㅤ #coldwellbankerrealtor #habitationrealty #urbanluxuryproperties #carnanproperties #houstonpolicedepartment #houstonpoliceacademy

Mortgage Rates Climb to 7.43%: Lenders Ignore Fed Stance The lenders either don't believe the Fed, or they do and just don't have the appetite for taking on new loans. 'Mortgage rates have surged as major lenders like Nationwide, Santander, and NatWest have increased rates, despite the Federal Reserve's stance and expectations of stable interest rates. The Bank of England's anticipated base rate reduction may offer a slight reprieve, but the current trend poses challenges for homebuyers. Borrowers are encouraged to monitor their credit scores for better mortgage rates.' (X Grok) _____________________________________________ If You Are Buying Commercial Or Residential Property In New York State, You MUST Protect It…That's Where Title Insurance And Due Diligence Comes In! Do Some Research Concerning The Title Insurance Provider That Will Be Used For Your Real Estate Purchase In New York! Watch ‘If You’re A Homebuyer In New York You MUST Protect Your Investment…That's Where Title Insurance And Due Diligence Comes In!' here https://lnkd.in/eME5S_3u. And remember that it’s your RIGHT to choose the title company you would like to use! Hallmark Abstract Service...You Buy Real Estate, We Protect It! #creditscore #mortgagerates #realestate #homebuyers #finance

The good news is, it can be possible 💙 Check out our latest article that covers all you need to know, from assessing your eligibility and exploring common FAQs to understanding how a mortgage adviser can assist you throughout the process https://buff.ly/47LwnKp 📞 01293 525525 📧 mab.crawley@mab.org.uk 🏡 Mon - Thurs = 9am - 6pm, Fri - Sat = 9am - 5pm 🌍 Contact form https://buff.ly/3USbDLX #mortgageadvice #mortgagebroker #mortgagehelp #homemover #homebuying #firsttimebuyer #mip #aip #dip #mortgageinprinciple #agreementinprinciple #decisioninprinciple #mortgagetips

To get a 30-year insured amortization: At least one of the borrowers on the application must be a first-time homebuyer, meaning they meet one of the following criteria: The borrower has never purchased a home before; In the last 4 years, the borrower has not had a principal residence that either they or their current spouse or common-law partner owned; or, The borrower recently experienced the breakdown of a marriage or common-law partnership. The new home must not have been previously occupied for residential purposes. The mortgage must be high-ratio insured, ie. minimum 5% down with CMHC insurance. This measure applies only to mortgage insurance applications that lenders submit to mortgage insurers “on or after August 1, 2024.” Expect a premium surcharge of 20 basis points. The premium surcharge takes into consideration the capital impact of 30-year AM. Terms and conditions to be announced by the Department of Finance in order to begin accepting applications. #FirstTimeHomeBuyer #Homeownership #MortgageAgent #RealEstate #Mortgage #HomeBuyingTips #Investment #MortgageLoans #HomeLoan #SmartHomeBuying #FlexibleMortgage #ProfessionalMortgageGuidance #Piyusagrawal #Piyusagrawalmortgagebroker #financewithpiyus #ABWMortgageSuccess #ABWMortgage #Piyusagrawal #Vancouvermortgagebroker https://lnkd.in/gFWYGdsM

🚨 Protect Yourself from Mortgage Scams! 🚨 Don't be fooled by fraudulent schemes. At Gordon Blair, we're your trusted FCA-regulated Mortgage Brokers. We never ask for upfront payments, ensuring your financial safety. 💼 Our brokers undergo rigorous training and monitoring, guaranteeing expertise in every transaction. Get tailored advice to navigate mortgage decisions confidently. 🏠 Protect your home and future by choosing reputable professionals. Contact Gordon Blair today and book your FREE appointment. Don't risk your financial well-being—secure your dream home correctly. 🔒 #MortgageScams #FCARegulated #ExpertAdvice #FinancialSafety #ProtectYourHome #DreamHome #TrustedAdvisors #SecureFuture #StayAlert #FraudPrevention #PeaceOfMind #SmartChoices #MortgageHelp #Homebuyers #MortgageBrokers #PropertyInvestment #FinanceTips #UKFinance #MortgageAwareness #ChooseWisely #AvoidScams #BeInformed #FCACompliant #ProfessionalAdvice #ExpertGuidance #FinancialSecurity #SecureYourFuture #PropertyMarket #Homeownership #FinancialWellbeing