Investing in Real Estate.
Why you should consider owning a home.
How I can help you.
As an experienced and independent mortgage professional it is my job to ensure you can qualify for and obtain mortgage financing so that you can buy a home.
The first step you should take before looking for a home is ensuring your mortgage financing is approved and what price point you should be looking in.
We can establish all of this in a pre-approval consultation which will assist you in determining what you can afford and how much your mortgage payment will be along with other costs like heating, property taxes and maintenance costs. We will also review your current credit score, and income to ensure you qualify. To find out more about pre-approvals CLICK HERE.
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 current a fixed rate and a variable rate mortgage.
What is a fixed rate mortgage?
A fixed rate mortgage is 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 market interest rates. The best course of action to take to determine whether a variable rate would be best for you is to look at historical data around the economic cycle and past interest rates to help you make a sound decision. As an independent mortgage professional, it is my job to help you determine your level of tolerance when it comes to risk and advise you on the best option based on your financial fitness.
Your Down Payment
A common question we get asked is how much of a down payment is required to purchase 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 Genworth, 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?
- Paying the 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).
- Unlike most things you purchase, a home will almost certainly increase in value over time – which builds even more equity and even allows you to use that equity to buy property such as rental properties, commercial real estate and so on. (There is no guarantee that your property value will rise over time, however, based on statistics, it most likely will.)
- A mortgage payment is usually cheaper than a monthly rental installment 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.
How I can help you.
As an experienced and independent mortgage professional it is my job to ensure you can qualify for and obtain mortgage financing so that you can buy a home.
The first step you should take before looking for a home is ensuring your mortgage financing is approved and what price point you should be looking in.
We can establish all of this in a pre-approval consultation which will assist you in determining what you can afford and how much your mortgage payment will be along with other costs like heating, property taxes and maintenance costs. We will also review your current credit score, and income to ensure you qualify. To find out more about pre-approvals CLICK HERE.
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 current a fixed rate and a variable rate mortgage.
What is a fixed rate mortgage?
A fixed rate mortgage is 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 market interest rates. The best course of action to take to determine whether a variable rate would be best for you is to look at historical data around the economic cycle and past interest rates to help you make a sound decision. As an independent mortgage professional, it is my job to help you determine your level of tolerance when it comes to risk and advise you on the best option based on your financial fitness.
Your Down Payment
A common question we get asked is how much of a down payment is required to purchase 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 Genworth, 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
- Permanent Disability
- Child Support or Spousal Support
- Pension Income/Old Age Security
- Self-Employed Income
Other Products We Offer:
Plan ahead.
CONTACT ME
Let's get started today.
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Address411 Queen St.
Newmarket, ON L3Y 2G9 Second Location: Tottenham, Ontario Head Office: 15 Wertheim Court, Suite 210 Richmond Hill, Ontario L4B 3H7 Sarah A. Colucci, Mortgage Agent Lic. M14000929 Mortgage Edge, FSCO Lic. 10680 |
TelephoneDirect: 647-773-4849
Email: sarah.colucci@mortgageedge.ca 
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