Planning on building your dream home or custom home? There are many items to consider when calculating overall costs. What can be included in the costs, can I build my own home, or do I have to hire a contractor, do I need New Home Warranty? How do I make installments or draw payments to my builder and am I required to make payments during construction? Do I have to make draws, or can I pay builder when home is completed? I can offer you options for both ways. Do your pre planning now and secure rates.

When it comes time to renew a mortgage most homeowners simply sign the lender's renewal without a second thought, which can cost you thousands of extra dollars. Renewal time is the best time to shop around for better rates or options that work for you. Do not wait until the maturity date to speak to a mortgage broker as it takes some time to obtain the required documents to give you the best advice possible. A good rule to follow is 6 to 9

By refinancing and consolidating your debts into a lower interest rate, the debt principal can be paid down faster than by making multiple high rate payments. This can reduce cash flow issues or better yet keep making the payments you had been but applied to the mortgage and pay the principal down fast. Clients typically refinance for the following reasons so let’s see if this is a good option for you. Home improvements, investing, starting a business, pay off taxes, purchase a 2nd property or vacation home, help children with a warm hand inheritance. There is also an option for a…

Have existing equity and need immediate access for future borrowing? A HELOC is a line of credit secured by your property that is set up as an Interest Only payment and is based on prime rate plus A HELOC can be stand alone or done as a package behind an existing mortgage. This is a flexible option to save time when immediate access to your equity is required.

I can offer options for self employed persons who may not qualify based solely on the number showing on Line 150 of their tax return. I have lenders who can offer options on adding back some income for debts that are causing negative cash flow on your income or may be paid through your company and not personally. These are down at lower loan to values in most cases, but offer another solution for the large majority of clients now self employed who dream of home ownership.

Buying a rental property? Single family home, duplex, multi door property, talk with me to see how you can use the subject home and other rental properties as a source of income towards this new purchase. Minimum of 20% down payment is required and the rates are normally increased slightly if not owner occupied.

I am a licenced Broker who can offer solutions to clients 55+ who own their own home. The Reverse Mortgage is a no payment required mortgage where your existing equity in your home is used as savings to pay the interest accrued. Loan amounts are capped to 50% of the homes value to ensure you never owe more than property is worth. Qualifying is based on having enough equity, as well as enough income to pay property tax and home insurance which is a requirement. You do have the option to make interest payments but are not required. There are…

Bruised credit, income doesn’t qualify, prior bankruptcy, personal tax arrears, foreclosure? I can access several private or semi- private lenders who are still regulated by government policies who can offer short term solutions to get you back on track. Loan to values are reduced based on location, marketability, income, credit score, reason for issue and more so they also apply the interest rate the same way. Every file is treated according to risk. These rates and fees are higher but the ultimate goal of preserving your home or credit far outweigh the costs for almost everyone. I will continue to…