Mortgage with Amanda
2183 240 St Langley, BC, Canada

https://www.cbc.ca//metro-vancouver-real-estate-november-2

Are you considering a new job? Are you also looking at purchasing a home as well? It’s a good idea to stay put until your mortgage is approved and funded. Changing jobs, especially to a different industry, is a big no-no that lenders will not consider as there isn’t sufficient employment history to ensure stable income. In some cases, moving to a new job within the same industry can sometimes be allowed but that is up to the lenders discretion as to whether they will accept it. Otherwise, change jobs but wait at least a minimum of 3 months before applying for a mortgage. If you have questions, give me a call. Always happy to help! #mortgagebroker #fraservalleyrealestate #vericobroker #mortgagewithamanda

Let’s talk mortgage penalties. With the rates hitting historic lows, it’s no wonder that people want to ensure they are paying the least amount of interest possible when it comes to loans as large as a mortgage. Did you know that not all penalties are calculated equally? Banks, credit unions and monolines (aka mortgage only lenders) all use different calculations to figure out what is called IRD (interest rate differential). Banks are among the highest charged penalties with monolines being the smallest. If you’re wondering if breaking your term early may save you money, send me a message and we can discuss your options!

Good Morning! I hope you all had a wonderful holiday weekend, I just thought I would do a little PSA today about mortgage deferrals. If you have deferred your mortgage and are looking to either sell or refinance, please be aware that lenders are requiring you to resume your regular payments before they will consider lending against your property. This is to ensure that you can manage your payments throughout the Covid-19 pandemic. If you have questions, feel free to contact me directly! Have a great day!

Credit checks don’t only mean a credit score - they give us the big picture so we can better serve you and your homeownership goals. These are important pieces of information that a lender will use to determine whether you will be approved for mortgage financing - whether they think you will make your payments every month and keep your end of the bargain, and whether they consider you high risk or low. There are times when people have had blips in their credit - maybe a mis...sed payment (or a couple of them) due to a marital breakdown, or a bankruptcy or consumer proposal due to the closure of a business. These doesn’t always mean that you will never be approved for a mortgage. You may need some guidance on how to clean that up or maybe you need a year or two to re-establish yourself after going through some hard times. But that is why I am here. I walk you through the process. I can help coach you on how to improve your credit if you are not able to purchase right now. Connect with me at 604-619-060 or [email protected] and we can get started.

Some good information regarding the new Covid-19 benefits https://financialpost.com//its-the-end-of-cerb-heres-how-t

As rates continue to drop - we haven't seen a decrease in home prices as projected. Multiple offers have started up again. If you are considering a refinance to lock in at a lower rate, feel free to give me a call. https://globalnews.ca//real-estate-is-one-of-the-few-secto

Lots of things to consider when locking in. With rates being so low, penalties are on the rise. Let me know if you have questions. https://www.bnnbloomberg.ca/think-about-more-than-just-the-

https://financialpost.com//aa89f4ac-2887-4b4d-98ad-0b38b1/