Slaney Mortgages
Unit 4 65 Queensway East N3Y 4M5 Simcoe, ON, Canada

So it is time to clarify some facts. When a person or persons have been pre-approved that does no mean that the client(s) automatically get approved for a mortgage. The pre-approval is a lender liking a client or clients profile. When, however they put an offer in the lender/insurer may not like the property and therefore the approval is denied. So a pre-approval is NOT a guarantee of approval. Stay tuned for my next rant.

4 Reasons why you might not get the great mortgage rate you saw online: 1. You have a down payment of at least 20% or more. Rates are notably better for people who put less than 20% down and thus have a high-ratio insured mortgage... 2. You don't live in the right province. Where there is more lender competition there are lower rates. 3. You are buying in Toronto or Vancouver With these high priced markets you must put 20% down. 4. The fine print. Depends on a number of factors such as: purchaser, quick-close deals, minimum and maximum loan values, term length, limits on prepayments... #SlaneyMortgages #MortgageRates #INVIS

Mortgage Myth Mortgages in Canada are non-tax deductible. Interest paid is tax-deductible if it is on business or investment income.

Lower bond yields are generally not a good sign from an economic standpoint, but great news for mortgage borrowers.

Small businesses have credit scores too, and a good one can be financially helpful! #TipTuesday #SmallBusiness #CreditScore

Mortgage Myth: A pre-approval means the money is a sure thing. A pre-approval is not a guarantee you will get financing. One you are pre-approved the lender will want more information to verify your income, debt and employment.

Location, location, location. While it's been called the first rule of real estate, it's also a key consideration in a successful mortgage application.

Yesterday the federal government announced they will allow greater access to RRSP savings for home purchases, increasing the amount from $25,000 to $35,000. Great news! #FederalBudget2019 #Mortgages #RRSP #Downpayment

I saw a robin this morning. A sure sign of spring! #Spring

A 30 year amortization can give you wiggle room on cash flow. An options when you put at least 20% down. https://invis.ca/in/calculators/mortgage-calculator/

#3 To get the best deal you need options: When you go to the bank you talk to one lender. We deal with more than on which means options.

#2 The DEVIL is in the details: People tend to focus on rate, but you can save thousands by making sure you get a mortgage that has fair penalties, allows you to prepay, and ensures you will also be treated fairly at renewal.

8 Tips you won't get from your Bank: #1 Best-rate quotes mean nothing! Your rate depends on a whole slate of factors, which is... why you can only get an accurate rate quote after an in-depth assessment of your personal situation. See more

Pssst ... we might be able to do even better. MORTGAGE TIP Many banks are advertising really great rates. But is that the best offer that you could get? Because of our wide range for products and access to many lending options, we might be able to do even better.

Working with us gives you access to over 50 lenders. That means OPTIONS!

So people seeking a mortgage, especially first timers, be prepared for a challenge. Get your last 2 years T-4's and a most recent pay stub before doing an application. Remember banks are not using the same income, but we may be able to source those that have wider rules. See us.

Unlike a bank we deal with a variety of lenders which = great rates!

The Waterford Tricenturena ice surface is closed. Staff is working to reschedule groups, however, public skates scheduled for the remainder of the season will be cancelled. See full release here: http://bit.ly/2EZ3Bu9

40% of those aged 35 & under own their own home. Way to go Millennials!

We focus on #YourMortgageStory! Oh, and did I say it's a free service?