Mortgage Mandy

Thanks again to Stacey Prieur & Dustin Pritchard for having Bernie Klacer and I on the show yesterday. Day to day things continue to change in the mortgage industry, and Bernie and I spoke about all of these changes and new rules on Level Up Nation. #mortgageoptions #educating

Can’t afford to pay your credit cards during Covid 19?? #options

What you need to know about lawyers and your closing date during Covid 19! #mortgageoptions #lawyers #londonontariostaysafe

Deferring your mortgage??? Things you need to know! #mortgageoptions

How are banks handling appraisals during Covid 19 and what you need to know as a realtor & buyer. #stayhome #staysafe #appraisals

Many of you are wondering what happened in yesterday's announcement when The Bank of Canada cut its rate by 50 basis points, aka 1/4% overnight. Canadians certainly have a lot of questions, as do my buyers and realtors. I will be reaching out to all of you personally to set up times and dates to virtually meet and go over all of these new changes! In the meantime, feel free to text me with any questions pertaining to any of these changes. Not only did The Bank of Canada cut i...t's rate, it also made another huge announcement that they have launched two debt market support programs. 1- Insured Mortgage Purchase Program Revision The Government of Canada launched a revised Insured Mortgage Purchase Program (IMPP). Under this program, the government is prepared to purchase up to $150 billion of insured mortgage pools through CMHC up from $50 billion previously. This action will provide stable funding to mortgage lenders in order to ensure continued lending to Canadians. 2- Canada Mortgage Bond Program In addition to the access to liquidity provided through the IMPP, yesterday CMHC announced it is ready to expand issuance of Canada Mortgage Bonds to a total annual amount of up to $60 billion. The national housing agency said this additional issuance would depend on market conditions and investor demand. Times are changing at a very fast pace, and this is why having a mortgage agent is going to play a huge role when purchasing your next home or refinance. Stay educated and current with all of these changes I will also continue to put out videos with information pertaining to all these changes throughout the next few weeks. Stay safe and healthy everyone! #stayhome #mortgageoptions #refinance #realestateisstillstrong #proudtobecanadian #londonontariorealestate Mortgage Mandy

Over night the Bank of Canada has cut their interest rate once again to 1/4 %. With the intention to support the Canadian financial system, what does this mean for you? If you currently have a variable rate mortgage, this might possibly mean big changes, and for others this can open up more rate options. These changes seem to be happening at a very rapid pace, and this is why I continue to encourage the public to have a mortgage agent by your side. ... We're working around the clock during these crazy times to ensure you have the support and answers you need. If you have any questions, I'm happy to help.

Ontario declared realtors as an essential service, included in this category are people like myself who work with the banks to get you a mortgage. I have taken this pandemic extremely seriously, and have taken all measures to ensure my clients are still able to get their mortgage without any hurdles. With mortgage rates and changes being put in place daily, now is a great time to have a mortgage agent in your corner. #stayhome #virtualapprovals #mortgageoptions #heretohelpeducateyou #londonontariomortgages #stayhealthy

The latest on mortgage rates and trends during COVID-19.

Well happy Friday folks!

Real estate is proven to be one of the best things you can do for you and your future. #investinyou #realestatelondon #approved #leverageequity #options

Nine things mortgage shoppers and realtors should know! Take a second and read up on the big changes coming this April. #mortgageoptions #approved #londonontariorealestate #londonontario