Tom Joseph Team
2911 Kennedy Road M1V1S8 Toronto, ON, Canada

25 Cumberland Lane . $455,900 2 Bedrooms, 1 Bath 950 sq.ft.... . Close to the lake & Waterfront Trail . Large 30x15 Private Terrace to enjoy the summer weather and fresh breeze from the lake . Available For Sale, Virtual Tour & Showings 416-931-0534 [email protected] @ Ajax, Ontario See more

FOR SALE . . 25 Cumberland Lane in Ajax, ON is a Wonderful 2 Bdrm, 1 Bath Condo Unit .... Large Private Terrace, Parking and Locker included!. . Great location walking distance from the waterfront. . . Call or Email for more details or to find out how we are helping our sellers during Covid-19. . See more

Are you or someone you know a First Time Home Buyer . . Interested in learning mistakes you should avoid? Or helpful tips on buying the right property from industry experts? .... . . Join our FREE Online Webinar, Wednesday May 6th at 3PM with special guest @kathleenblackcoaching . . . Contact us to REGISTER for this event! [email protected] 416-931-0534 See more

FOR SALE 2-Storey Townhouse located in Scarborough 3 Bedrooms & 2 Baths Kitchen with breakfast area, stainless steel appl. & large windows. Hardwood floor throughout 2nd level & main floor living & dining... Finished basement with walkout to backyard $689,800 Pls contact us for more information @ Scarborough See more

Many of my clients have been asking what happens if my Tenant cannot make rent in the coming months. Just got word from Scotia Bank. They will defer mortgage for Principal property plus 3 rental properties for 6 months.... Your mortgage payments will re-start following the 6 month deferral period. During this deferral period, interest will continue to accrue and will be added to the principal balance. This will increase total interest you need to pay over the life of the mortgage, and the payments at the end of the deferral will be higher. However, a payment deferral will assist you with your cashflow today. Please note, if you are paying for creditor insurance for your mortgage, the premium will continue to be charged and collected. If the customer wants to understand the impact of capitalizing 6 months of payments, read this example: For example, if your mortgage balance is $100,000 today, and there are 15 years remaining, and the interest rate is 5%, then your monthly payment is about $780. If you defer payments for 6 months, the payment will change to about $820. We'll confirm this in writing at the end of the deferral period. Unfortunately we can't confirm the exact amount of your new payment today, in order to serve the needs of all our customers at this very busy time. Why are banks increasing rates when the bank of Canada lowered rates? Call me at 416 931 0534 or email me at tom@tjandteam to know what mortgage brokers are recommending.