Wayne Martin
398 Lloyd St P3B1P3 Greater Sudbury, ON, Canada

From my family to yours, happy new year! Wishing you all the best for a prosperous 2021!

With low supply for the month of November, the Sudbury housing market stayed red hot as we close out 2020. Record low supply continues to drive prices up, but some experts say there might be new inventory on the way in mid-2021. I've got you covered with the Today’s Mortgage Choice Sudbury Housing Round-up for November.

One of the most common questions I get from our clients is how much the down payment will be on their investment mortgage. While your lender will determine this amount, the down payment is typically a minimum of 20%. However, the down payment will vary depending on the type of investment: non-owner occupied and owner-occupied. If you live in one of the units, your down payment can be as low as 5%. While investment mortgages are a fantastic asset to investors, they are not ea...sy to attain. To qualify for an investment mortgage, the buyer must: - Demonstrate sufficient rental income (proof through tenancy documentation or market rent) - Maintain good credit history - Demonstrate sufficient non-rental income - Proof of down payment When you make an appointment with me, I’ll take the time to understand your investment plan, including the kind of property you are looking to purchase and how much revenue you are expected to generate. From there, I’ll be able to make appropriate recommendations for what type of investment mortgage could work for you. Ready to chat about your first or next investment property? Send me a message or give me a call at 705-805-9055!

After one of our busiest years yet, our team will be taking a well-deserved break this holiday season. Our office at Today’s Mortgage Choice will be closed beginning December 24 and reopen on January 4. For any immediate or emergency assistance, please send me an email and I’ll get back to you as soon as I can. From our family to yours, have a safe and healthy holiday season. ... Merry Christmas - Joyeux Noël!

What's a Credit Score? Your credit score is a number that evaluates your creditworthiness. Your credit score is a report card, grading you on how well or unwell you’ve repaid loans in the past. Your credit score can range from 300 - 900. Ideally, your credit score is in the 700 to 900 range, which makes finding you a lender for your mortgage quick and easy. Each lender has different criteria on what score they will lend to, so the higher the score, the better! It’s important... to know that your score will change over time. Just because you checked it a few months ago, doesn’t mean it will be the same when we check it when applying for a pre-approval. The two biggest things that influence your credit score are the amount of debt you have, and the number of late payments you make. The more debt and the more late payments, the lower your score will be! Give me a call or send me a message to book some time to review your credit score!

If you are thinking about buying your first home or moving up, now is the time! Bank of Canada Governor, Tiff Macklem made a statement informing Canadians that if you are thinking about making a large purchase you can be confident interest rates will stay low into 2023. Read the full report here: https://www.bankofcanada.ca//10/fad-press-release-2020-10/

Thank you to those who have served, are serving, or will continue to serve our country. Today we remember all those we've lost who have fought for the freedoms we take for granted today. Lest we forget.

Top 3 reasons homeowners choose to refinance: 1. Take advantage of a lower interest rate. 2. Consolidate high interest debt. 3. Fund home renovations.... If you interested in exploring your options send me a message. I'm here to help and my services are free.

How much money do I need to buy a house? While most of the purchase value of your first or next home will be paid over time, each lender requires a cash down payment. A down payment is the amount of money you are putting towards the purchase of your first or next home, while your lender covers the rest of the home value, which you’re responsible for paying back over time. Ready to start looking for your next home but unsure of how much cash you’ll need for a downpayment? Send me a message!

Happy Halloween Sudbury! Please remember to stay safe this Halloween. If you're bringing your little ones trick-or-treating tonight, be sure to follow rules from our friends at Public Health Sudbury & Districts! https://www.phsd.ca/keep-covid-19-out-of-the-halloween-fri/