Sarah A. Colucci, York Region's Mortgage Expert. Savings Guaranteed.
  • Home
  • WHY USE SARAH FOR YOUR NEXT MORTGAGE
  • APPLY ONLINE
  • PRODUCTS
    • Free House Value Tracker Report
    • CASH-BACK MORTGAGE
    • BRIDGE FUNDS
    • REVERSE MORTGAGES
    • SELF-EMPLOYED MORTGAGES
    • FIRST-TIME HOME BUYER PRE-APPROVALS >
      • FIRST-TIME HOME BUYER TAX CREDIT
    • MORTGAGE REFINANCE >
      • Prepayment penalties
    • SPOUSAL BUYOUTS
    • INVESTMENT PROPERTIES AND RENTALS
    • BRUISED CREDIT
    • PRE-APPROVALS
    • NEWCOMERS
    • DEBT CONSOLIDATION
    • HOME EQUITY LINE OF CREDIT
    • PURCHASE PLUS IMPROVEMENT PROGRAM
    • WHY INVEST IN REAL ESTATE
    • MORTGAGE RENEWALS >
      • New Mortgage Rules and Mortgage Renewals
    • SECOND MORTGAGE LOANS
    • LESS THAN 20% PROPERTIES
    • DOWN PAYMENT
  • CONTACT ME
  • PRIME RATE CANADA
  • CLOSING COSTS
  • DOCUMENTS REQUIRED FOR MORTGAGE FINANCING
  • MORTGAGE DICTIONARY
  • MORTGAGE NEWS
  • GOVERNMENT MORTGAGE RULES
  • MORTGAGE TIPS
  • HOUSE HUNTING CHECKLIST
  • APPRAISALS
  • FIXED OR VARIABLE RATE?

Fund Your Retirement Through Real Estate

"Millions of Canadians have expanded their investment portfolios to include real estate because, once their mortgage is paid off, rental income basically funds their retirement."

Real Estate Is A Lucrative Investment

Why you should own real estate.
  1. Paying a mortgage instead of rent: When you make a mortgage payment each month, you build equity in a place of your own (unlike a rent payment).
  2. Appreciation: Unlike most things you purchase, a home will almost certainly increase in value over time – which builds even more equity and allows you to leverage that equity to buy property such as rental properties, commercial real estate and so on. 
  3. Costs: A mortgage payment is usually cheaper than a monthly rental instalment because it’s amortized over the long term. This can help you recover cash flow each month while obtaining a share of the real estate market.

Other common questions:

What type of mortgage should you consider?

Most borrowers want to know which type of mortgage would be best for them. The two most popular options are currently a fixed rate mortgage and a variable rate mortgage.

What is a fixed rate mortgage?

A fixed rate mortgage has a set interest rate that will not change for the entire term of your mortgage.

What is a variable rate mortgage?

A variable rate will change according to the overnight lending rate. The best way to determine whether a variable rate would be best for you is to look at historical data around the economic cycles plus interest rates in the past to help you make a sound decision. As a mortgage professional, it is my job to help you determine your level of risk tolerance when it comes mortgage rate and help you make the best decision.

How much down payment do I need to purchase property?

A common question I get asked is how much of a down payment is required to purchase a property.  Many people, including second or third time-buyers, assume they need a large down payment in order to get the best mortgage with the best interest rates. This is simply not true. I can help you decide how much a down payment you'll need to get the property you want. I'll also help you pick an affordable mortgage amount you can manage.

According to insurance companies such as CMHC and Sagen, a purchaser is only required to purchase with as little as 5 per cent down and still get the absolute best rates, sometimes even better than borrowers putting down more than 20 per cent.
​
What type of income qualifies?
​
  • Regular employment income such as salaried or hourly employment.
  • Permanent Disability.
  • Child Support or Spousal Support.
  • Pension Income/Old Age Security.
  • Self-Employed Income.
  • Child Tax Credit.
  • Dividend Income.

What To Know If You're A First Time Home Buyer

​A beneficial step to take before looking at homes is ensuring your mortgage financing is pre-approved and you are comfortable with the price point. 

We can well establish all of this in a pre-approval consultation which will ultimately assist you in determining what you can afford and how much your mortgage payment will be.  In the appointment, we will also discuss costs associated with buying a home such as heating, property taxes and maintenance costs. Additionally, we will review your current credit score together along with your income to ensure you can afford your mortgage. To learn more about pre-approvals CLICK HERE.
  • Products We Offer:
  • Pre-Approvals
  • Mortgages for the Self-Employed
  • Refinances & Debt Consolidation
  • ​Spousal Buyouts
  • Investment Properties
  • Mortgage Renewals​​​

Plan ahead.

APPLY NOW

GET IN TOUCH WITH US

Let's get started today.



Address

411 Queen St. 
Newmarket, ON
​L3Y 2G9

Sarah A. Colucci, Mortgage Agent Lic. M14000929
Sherwood Mortgage Group
Licence # 12176

Telephone

Direct: 647-773-4849
​
Email: scolucci@sherwoodmortgagegroup.com
Picture
  • Home
  • WHY USE SARAH FOR YOUR NEXT MORTGAGE
  • APPLY ONLINE
  • PRODUCTS
    • Free House Value Tracker Report
    • CASH-BACK MORTGAGE
    • BRIDGE FUNDS
    • REVERSE MORTGAGES
    • SELF-EMPLOYED MORTGAGES
    • FIRST-TIME HOME BUYER PRE-APPROVALS >
      • FIRST-TIME HOME BUYER TAX CREDIT
    • MORTGAGE REFINANCE >
      • Prepayment penalties
    • SPOUSAL BUYOUTS
    • INVESTMENT PROPERTIES AND RENTALS
    • BRUISED CREDIT
    • PRE-APPROVALS
    • NEWCOMERS
    • DEBT CONSOLIDATION
    • HOME EQUITY LINE OF CREDIT
    • PURCHASE PLUS IMPROVEMENT PROGRAM
    • WHY INVEST IN REAL ESTATE
    • MORTGAGE RENEWALS >
      • New Mortgage Rules and Mortgage Renewals
    • SECOND MORTGAGE LOANS
    • LESS THAN 20% PROPERTIES
    • DOWN PAYMENT
  • CONTACT ME
  • PRIME RATE CANADA
  • CLOSING COSTS
  • DOCUMENTS REQUIRED FOR MORTGAGE FINANCING
  • MORTGAGE DICTIONARY
  • MORTGAGE NEWS
  • GOVERNMENT MORTGAGE RULES
  • MORTGAGE TIPS
  • HOUSE HUNTING CHECKLIST
  • APPRAISALS
  • FIXED OR VARIABLE RATE?