Kenneth Francis

An insured mortgage is a mortgage covered by Mortgage Default Insurance. This insurance is purchased to protect the lender (not the borrower) against any losses related to borrower default and foreclosure. Currently, there are three insurers in Canada; CMHC, Canada Guaranty, and Genworth. . . Mortgages with less than 20% down payment are insured. How much does it cost? Check out the following table to get a general idea of the premiums charged.https://www.cmhc-schl.gc.ca/.../mortgage-loan-insurance-and-p . . Any questions contact me 416.821.5601 [email protected] . . . . . #newhomebuyer #homebuying #home #homebuyingtips #realestate #homeownership #firsttimehomebuyer #homebuyingprocess #torontorealtor #homeownershipgoals #newhomeowner #newhomeshopping #homebuyers #newhomeowners #firsthome #realestateagent #homebuyer #realestateadvice #mortgage #firsttimebuyer #realestatetips #newhomebuyers #househunting #blacktoronto #torontorealestate #newhouse #newhomeconstruction #homeloan #firsthomebuyer

Needing nothing attracts everything. . . . .... . #motivation #inspiration #love #life #quotes #lifestyle #success #motivationalquotes #goals #believe #mindset #positivevibes #training #happiness #selflove #health #entrepreneur #blacklove #blacktoronto #toronto #NYC #ATL #LA #entrepreneur #lifegoals #lawofattraction #keys #mortgageagent #torontorealtor #realtor See more

Mortgage default insurance commonly referred to as CMHC insurance is required on high ratio (less than20% down) mortgage loans. This insurance protects the lender in the event of a default by the borrower. The cost of this insurance varies depending on the amount of your downpaymentand the premium is paid by the borrower and added to the mortgageamount. . . For example, if you purchase a home for $500,000 the minimum downpayment is $25,000. On $475,000 an insurance premiu...m charged is $19,000 (4%) bringing your total loan amount to $494,000. . . If you have any questions I'm always here to assist. 416.821.5601 [email protected] . . . . . #mortgageinsurance #mortgage #mortgage #mortgagebroker #mortgagebrokers #mortgagelending #mortgageloans #homeinsurance #mortgagetips #mortgageprofessional #mortgageloan #mortgageconsultant #mortgageadvisor #mortgagelender #mortgagerates #mortgageagent #mortgageadvice #mortgagepro #mortgageexpert #torontorealestate #realestate #toronto #pickeringontario #ajaxontario #markhamontario #oshawaontario #whitbyontario #blacktoronto #realtor See more

Believing something is possible is often the 1st step. . . . . ... . #motivation #morningmotivation #qoutes #inspiration #lifestyle #success #motivationalquotes #workout #goals #happy #believe #follow #mindset #positivevibes #training #blacktoronto #pickeringontario #ajaxontario #markhamontario #mississaugaontario #whitbyontario #oshawaontario #toronto #realtor #realestate #torontorealestate #entrepreneur #humpday #mortgageagent #intentionalliving

Here's 5 reasons why purchasing a home in the fall can be a good inves . 1. Sellers are motivated . 2. There are fewer buyers... . 3. Lower home prices . 4. The focus is on you . 5. Needed changes and upgrades may be cheaper . If you have any questions regarding real estate hit me up today. . 416.821.5601 [email protected] . . . . . #fall #autumn #fashion #realestate #homesforsale #purchase #sale #refi #interestrates #invest #toronto #torontorealestate #blacktoronto #pickeringontario #ajaxontario #oshawaontario #whitbyontario #markhamontario #mississaugaontario #scarboroughontario #vote #mortgageagent #realestate #homes #buy #debtconsolidate #debtsolutions See more

Don't be afraid of being in the minority. Do what everyone else does and you will get what everyone else gets. . . . .... . #motivation #mentalfitness #inspiration #love #life #quotes #lifestyle #success #motivationalquotes #goals #happy #believe #mindset #positivevibes #fitnessmotivation #happiness #selflove #mentalhealth #entrepreneur#ajaxontario #pickeringontario #toronto #oshawaontario #markhamontario #whitbyontario #mississaugaontario #blacktoronto #nyc #la #atl

Open House . Move-In Ready Exclusive Townhouse In The Desirable Community Of Central Erin Mills ~ 12Ft Ceiling In Liv Rm With Walkout To Yard ~ Spacious Dining ~ 2+1 Bed ~ 3 Washrooms ~ Ensuite Laundry ~ Low Maintenance Fee ~ Walking Distance To: Parks, Schools, Shopping ~ Close To John Fraser, Erin Mills Town Centre, Hwy 403, 401 & 407 Well-Managed Complex W/ Outdoor Pool And Playground ~ Register Offers On Friday September 18th @5Pm . . List price $639,900. Minimum down... $38,990*. Cash to close $47,826. Monthly mortgage payments based current rate 1.75% $2,572. For questions regarding property hit up @soldbykash or questions regarding approvals or assistance with closing cost contact me today . 416.821.5601 [email protected] . . . . . #torontoopenhouse #torontorealestate #torontorealtor #realestateagent #forsale #househunting #justlisted #realtorlife #home #dreamhome #newlisting #newhome #homesforsale #homesweethome #property #homeforsale #luxuryrealestate #realestatelife #luxuryhomes #sold #investment #house #listing #milliondollarlisting #broker #realtors #firsttimehomebuyer #luxury See more

"Hey Google play Kes - Endless summer" . . . .... . #toronto #torontolife #realestate #realtor #realtorlife #trini #jamaica #blacktoronto #mortgageagent #locs #nyc See more

Whether you're a first-time homebuyer or you've been buying and selling homes for years before you begin shopping for a new home, you'll want to get preapproved to find out how much you'll actually qualify for. Never assume you will qualify for a mortgage or how much you will qualify for. . . Most real estatepurchase agreements will give you five business days to obtain financing satisfactory to you. However in a competing offer situation where you may need to reduce or waiv...e financing conditions to have a shot at landing your dream home this is where a preapproval is crucial. . . Documents needed upfront: Letter of employment, recent paystub, credit bureau, previous 2 years notice of assessments, and T4/T4'a/T1 general, proof of downpayment/ 90 bank statements. Documentsvary depending on sourcesof income. . . Looking to make an offer on a property, want to know what you qualify for, or general questions contact me today: 416.821.5601 [email protected] . . . . . #homeowner #realestate #torontorealtor #home #realestateagent #homeownership #newhome #firsttimehomebuyer #homesweethome #mortgage #realtorlife #househunting #homebuyer #property #homeowners #dreamhome #homebuyers #homedecor#sold #interiordesign #forsale #homebuying #blacktoronto #toronto #pickeringontario #ajaxontario #scarboroughontario #markhamontario #oshawaontario #whitbyontario See more

How big is your imagination? Raise your standards and the universe will meet you there. . . . .... . #motivation #inspiration #love #life #lifestyle #motivationalquotes #quotes #success #training #goals #health #mindset #positivevibes #entrepreneur #believe #happiness#toronto #nyc #la #blacktoronto #blm #ajaxontario #markhamontario #pickeringontario #oshawaontario #whitbyontartio #scarboroughontario #mortgage #realestate #dream See more

Average Closing Costs in Ontario ranges between 1.5% to 4% (1.5% - 2% for First Time Home Buyers) of the Purchase Price, for instance, the closing cost for a property purchase price at $500,000/- would vary between $7,500 - $20,000. . Closing costs generally include PST on mortgage insurance, Land Transfer Tax, Lawyer Fees, Title Insurance, Fire Insurance, and Costs that would need to be paid at the time of home purchase and on top of down payment. . It is crucially important... to budget for closing costs when buying a property because it is an additional expense on top of moving expenses. For assistance or questions regarding closing cost and cashback options call or message today 416.821.5601 [email protected] . . . . . #closingcosts #realestate #mortgage #firsttimehomebuyer #downpayment #downpaymentassistance #realtor #homebuying #homeownership #newconstruction #homebuyer #homepurchase #homebuyers #torontorealestate #toronto #torontorealestateagent #creditscore #generationalwealth #torontohomes #buyersagent #homesweethome #mortgage #equity #mortgagebroker #pickeringontario #ajaxontario #scarboroughontario #markhamontario #oshawaontario #blacktoronto See more

Prime Minister Justin Trudeau announced a new multi-million dollar programto help Black Canadians get business loans with national banksandsaid his government is looking atmeasures to tackle systemic racism in Canada.The $221-million programwill receiveabout $93 million from the federal governmentover the next four yearsand$128 million from eight financial institutions. . . Ottawa is deployingclose to $33 million along with fundsfrom RBC,BMOFinancial Group, Sc...otiabank, CIBC, National Bank, TD, Vancity, and Alterna Savings to create a newBlack entrepreneurship loan program which willprovideBlack entrepreneurs with loansbetween $25,000 and $250,000. . . Another $53 million from the federal governmentwill go towardhelping entrepreneurs access funding, capital, mentorship, financial planning services and business training, while $6.5 million will go support collecting data on the state of Black entrepreneurship in Canada. . . . . . #entrepreneur #business #motivation #success #entrepreneurship #entrepreneurlife #mindset #goals #smallbusiness #marketing #money #black #blm #groupeconomics #panafrican #blacktoronto #youngandblack #weatlh #businessowners #toronto #ajaxontario #pickeringontario #markhamontario #mississaugaontario #scarborough #oshawaontario #whitbyontario #torontorealestate #mortgageagent #hustle See more

If you are working from home or homeschooling it can be difficult to remain focused so I wanted to share some quick keys to time management. . . Keeping away distractions. Television, the internet, texting, social media. Try turning off the wifi, unplugging the tv, using greyscale to make apps and phone less appealing, switching the phone to airplane/DND mode. .... Effectively prioritize. What are your most important tasks for today? What activitieswould yield the greatest results? Check out the 80/20 rule and the Pareto principle. . Your pen is your sword. Write it down. Create lists, organize your priorities, brainstorm ideas, create a schedule. . Set targets and break it down. Having a large project ahead of you can be overwhelming and lead to procrastination. How do you eat an elephant? 1 bite at a time. Break down projects into small chunks and stick to the schedule. Avoid starting too many things at once. . Feel free to share your keys to time management and limiting distractions. . . . . #timemanagement #productivity #motivation #entrepreneur #leadership #timemanagementtips #goals #time #success #business #smallbusiness #training #coaching #productivitytips #inspiration #entrepreneurship #projectmanagement #stressmanagement #focus #personaldevelopment #businessowner #planning #management #tips #worklifebalance #toronto #nyc #atl #la #blacktoronto See more

When it comes to qualifying for a mortgage did you know you can qualify using traditional and non-traditionalsources of income? All of the sources listed below can assist in qualifying for a mortgage. . . Business for self: Incorporated or sole proprietor. .... Variable income: Bonus, commissions, contract, overtime, seasonal, tips, union. . Pension income: Federal and or Provincial programs (CPP, QPP, OAS), Canadian company or government employee pension or foreign pensionsthat are paid into a Canadian bank account and income is declared and taxed in Canada . Rental income: Incomereceivedfrom rental properties. . Disability, Foster care, Contributory income, etc. . If you are looking to purchase or refinance a home and have questions regarding income contact me today. 416.821.5601 [email protected] . . . . . #income #money #business #entrepreneur #investment #wealth #financialfreedom #investing #passiveincome #makemoney #success #cash #finance #workfromhome #realestate #investor #businessowner #lifestyle #torontorealesate #torontorealtor #blacktoronto #mortgage #pickeringontario #ajaxontario #markhamontario #scarborough #mississaugaontario #purchase #refinance See more

OSFI, Canada’s banking regulator, announced a few days ago it will start phasing out special regulatory capital treatment of deferrals given improving economic conditions. . The changes are effective immediately for mortgage payment deferrals through to the end of September. Those deferrals will now only receive special capital treatment for up to three months as opposed to six. After September 30, any deferrals will be treated according to OSFI’s normal rules. . At the heigh...t of the pandemic and market volatility, the Office of the Superintendent of Financial Institutions announced special treatment for loan and insurance premium payment deferrals to be considered as performing as opposed to non-performing. A loan is considered non-performing when the borrower is late on making payments, typically by 90 days or more. Non-performing loans require the bank to set aside additional capital, or provisions, in the event of losses. . Banks have reported a sharp decline in the number of mortgage payments still being deferred.Speak to a mortgage agent or financial advisor toreview your options and see if an alternative mortgage, refinance/equity take out, private 2nd, consumer proposal, or maybe even a sale of your home/downsize is your best option. . . . . . #mortgage #realestate #torontorealtor #mortgagebroker #home #newhome #realestateagent #investment #househunting #refinance #firsttimehomebuyer #forsale #finance #broker #homeloans #dreamhome #creditrepair #realtorlife #mortgagerates #creditscore #business #homesforsale #credit #loan#toronto #torontorealestate See more

No matter where you fall within the quadrant we have mortgage solutions for you . . 416.821.5601 [email protected] ... . . . . . #cashflow #realestate #money #financialfreedom #investing #business #entrepreneur #passiveincome #investor #investment #success #wealth #finance #realestateinvesting #realestateinvestor #cash #motivation #invest #stocks #mindset #bitcoin #millionaire #makemoney #rentalproperty #investmentproperty #stockmarket #dollars #income #torontorealestate #toronto See more

Alternative lending commonly referred to as B-lending has many benefits and offers options for Canadians who may not fall within the lending guidelines of A-lenders or your primary financial institution, bank, or credit union. . . Some benefits of alternative lending: .... 1. Expanded debt-service ratios (if you cannot pass the stress test due to debt-service ratios) . . 2. Lower Credit scores: Ok with bruised credit history could be due to late payments, high balances, or even a consumer proposal or bankruptcy . . 3. Receptive of forms income that traditional banks and lenders may not consider. ex. commission income, tips, rental income (do you own too many properties? Yes this can be a thing),and are more relaxed in their approach to self-employed borrowers (you could be a business owner with a lot of expense deductions and low reported taxable income or maybe self-employed for less than the 2 years A-lenders prefer to see) . . If you have any questions hit me up 416.821.5601 [email protected] . . #alternativelending #hardmoneyloans #bridgeloans #womenownedbusiness #healthcarefinancing #businesslineofcredit #workingcapital #startuplending #businesswoman #smallbusinessfunding #fixandfliploans #loans #alternativefinancing #personalloan #incomestreams #smallbusiness #realestatedevelopment #realestateinvesting #realestate#torontorealestate #blacktoronto #blm #ajaxontario #markhamontario #pickeringontario #oshawaontario #whitbyontartio #scarboroughontario #mortgage #rates See more

Lenders will generally accept a gift from an immediate family member as an acceptable down payment provided a letter stating it is a true gift, not a loan, is signed by the donor. . . Eligible family members: Grandparents, Parents, Siblings, Children .... . Non-eligible family members: Aunts, uncle, cousin, dogs, cats, goldfish named nemo. . . Suggestions regarding non-eligible family members: Contact me to discuss options. . . 416.821.5601 [email protected] . . #newhomebuyer #homebuying101 #newhome #realestate #firsttimehomebuyer #newhomeowner #homebuyingtips #firsthome #homeownership #homebuyingprocess #homeownershipgoals #mortgage #torontorealestate #realtor #realtorlife #newhouse #homeloan #firsttimebuyers #dreamhome #homesweethome #homeshopping #downpayment #realestate #househunting #home #homebuyer #finance #toronto #torontorealestate #scarborough #pickering #ajax See more

Looking to eliminate some debts. Create a budget. Know your numbers . . . .... . #debt #debtfree #money #financialfreedom #credit #finance #debtfreecommunity #debtfreejourney #budget #creditrepair #creditscore #budgeting #realestate #wealth #badcredit #mortgage #goodcredit #creditrestoration #debtfreedom #bankruptcy #studentloans #debtfreegoals #financialliteracy #goals #debtsnowball #torontorealtor #torontorealestate #ajax #pickering #ontario See more