Tim Bernes Saskatoon Mortgage Pro 306 262 4154
506 Queen St Saskatoon, SK, Canada

Thank you to all my clients and referral partners that make this possible!

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#mortgagebroker #bestrates #saskatoonmortgage #refinance #skrealestate

#bestrates #lowrates #mortgages #mortgagebroker #longweekend #saskatoonmortgage #saskrealestate

#mortgages #mortgagebroker #refinance #lowinterestrates #ownyourhome #saskatoon #skrealestate

Low low rates! Now is the time to buy, refinance or transfer! Call me today for a no obligation pre qualification

#canadaday #mortgages #mortgagebroker #bestrates #saskatoonmortgage

#canadaday #mortgages #mortgagebroker #bestrates

Hey folks looking to buy homes! Gov just changed the mortgage rules Effective July 1: "In order to protect future home buyers and reduce risk, CMHC is changing its underwriting policies for insured mortgages. Effective July 1, the following changes will apply for new insured / insurable mortgage applications.... -Limiting the Gross/Total Debt Servicing (GDS/TDS) ratios to our standard requirements of 35/42; -Establish minimum credit score of 680 for at least one borrower; and -Non-traditional sources of down payment that increase indebtedness will no longer be treated as equity for insurance purposes." Please contact me if you are looking to purchase a new home this year! My services are always free to the client!

Useful Information

Mortgage Payment Relief - Covid 19 Here is some information in these uncertain and difficult times. Insurers (CMHC, Genworth, and Canada Guaranty) already had programs in place with the banks/lenders that allowed them to capitalize up to 4 monthly payments. Today they announced that they will consider extending the program to allow up to 6 months of capitalization provided that:... 1. Original insured loan amount is not exceeded 2. Request to cap payments is received prior to Sept 3, 2020 3. Bank/lender confirms the capitalization is being applied reasonably to help mitigate short-term financial difficulty resulting from COVID-19. The insurers have several other default management tools available which include: payment deferral, loan re-amortization, and other special payment arrangements. All assistance options will be considered on a case by case basis. The programs are facilitated through the banks/lenders and we have been asked to direct our clients to contact their lender directly for further assistance. Here is a list of customer service numbers: ATB 1-800-332-8383 B2B 1 800 263 8349 BMO 1-877-895-3278 Bridgewater 1-866-243-4301 CIBC 1-800-465-2422 CMLS 1-888-995-2657 Optimum 1-866-441-3775 Equitable 1-888-334-3313 Connect First 403-736-4000 Chinook Financial 403-934-3358 First Calgary Financial 403-736-4000 First National 1-888-488-0794 Haventree 1-855-272-0051 Home Trust 1-855-270-3630 HSBC 1-888-310-4722 ICICI 1-888-424-2422 Lendwise 1-877-637-4911 Manulife 1-877-765-2265 MCAP 1-800-265-2624 Merix 1-877-637-4911 Marathon 1-855-503-6060 RBC 1-866-809-5800 RFA 1-877-416-7873 RMG 1-866-809-5800 Scotia 1-800-472-6842 Servus 1-877-378-8728 Street Capital 1-866-683-8090 TD 1-866-222-3456 CMHC 1-800-668-2642 Genworth 1-888-436-9678 Canada Guaranty 1-866-414-9109

Look for changes coming this week again!

Snow is melting, gas prices are coming down, mortgage interest rates are coming down - its a beautiful thing! 5 year fixed rates as low as 2.34% - dont miss out on your chance to purchase or refinance at the new low rates! Visit www.SaskatoonMortgagePro.ca to apply today

One of the perks of using a broker is we keep in contact throughout the lifetime of your mortgage. At the end of each term we compare your renewal offer with todays best rates and help you transfer lenders when theres opportunity to lock in better rates or terms. Maybe I didnt set up your last mortgage but you want me on your team now? DM me your contact info, include your current term dates and rate. Ill add you into my database and start searching for ways to save you ...money! Fact! You dont have to wait until the end of a term to lock in todays best rate. If your current rate is over 3% we should talk! The prepayment penalties may be far less than the savings in store for you. You have options!

Not sure what this means on your upcoming home purchase or mortgage renewal? Call today!

MORTGAGE RENEWALS Dont miss out on the opportunity to lock in lower rates on your next mortgage term, call me or visit the website to apply today!

My favourite part of winter is when we can venture out without freezing! Where are all the new local yxe hot spots? Shopping, food, leisure? Comment below to give me ideas for an upcoming giveaway - ... And always, always get pre-approved

Todays the last cold day... Warm weather is finally on the horizon!! Spring homebuyers can start the mortgage preapproval process to lock in best rates. If you are putting your home on the market and havent brought a realtor out, ..get on it! My friends at Boychuk Realty are happy to help and will give you tips on how to get top dollar for your home In the mortgage world, positive changes are coming to the stress test right in time for Spring, Ill share more over ...the next few days, stay tuned! Questions? Call a pro or visit www.SaskatoonMortgagePro.ca to get preapproved today Happy House Hunting! #yxe #mortgages #beforeyoushop

Happy Family Day! Hope everyone is enjoying their long weekend

Did someone make your day extra special? Or was it just another day? Happy long weekend folks -

I dread hearing the horror stories of people who put in the offer without being preapproved and werent able to qualify. Dont be those people - Preapprovals are fast and free, they help you understand how much youll qualify for and what those payments will look like. Doing an early preapproval may help you with planning and saving. You cant afford not to! Questions? Call a pro!

I always say owning a home is like money in the bank. If you are overwhelmed by debt, making minimum payments and not getting anywhere, let me see if I can help. We can refinance, pay off those credit cards or high interest loans, get you one lower monthly payment, help you with tips on how to avoid the debt trap in the future, and we can do it all before the snow melts! Call me or visit my website today #springcleaning

Forget the flowers, buy em a house!

Transferring to a new lender costs you nothing out of pocket, you cant afford not to - Questions? Call a pro!

Todays a good day to get pre-approved online! Visit the site for update to date rates, mortgage calculators, or to fill out an application - Stay warm Saskatchewan

If credit is good, income is steady, and downpayment is ready, you should have no problem getting pre-approved. But if theres work to do, Ill help you! With tips on how to save, how to repair credit, and how lenders view different types of income. Well get ya there! Trust me, Im a pro

First Monday of 2020 - How can we make this year a bit better? Well, money. Money wont buy you happiness but it sure helps! What if I could save you $30-$100+ a month just by locking in a lower rate? Whether you are shopping for your first home or coming up on a mortgage renewal, you need to shop your rate, or better yet, let me do it for you!

Last day of 2019 - make it count!

Good-Bye 2019, Hello 2020! Set big goals then crush them! If your goals include buying your first home, call me, lets make a plan. Struggling to save? Pay yourself first! Get budgeting apps, ditch the morning drive thrus and commit to that goal. If you already own a home and are struggling with debts, making minimum interest payments, call me, you may be able to refinance, save a ton in interest and lower your monthly payments - Whatever your goals may be, if I can help, call me! #callapro

Sending best wishes out to all my clients, lending partners, friends, and family! Its been another great year in the mortgage world - low rates and new incentives brought a lot of new buyers to the market and TMG continues to grow and dominate the mortgage market in the prairies! 2020 is expected to bring higher rates, so if your shopping for your next home, coming up on a renewal, or looking to switch from a variable to fixed rate mortgage, getting in touch with me now could save you a ton over your next term. Banks close, brokers are around over the holidays

Banks close, brokers work through the holidays!

Totally!! And if they used a bank or a broker ... #merrychristmas #happyholidays