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 This year has been one for the books regarding your mortgage. You might have questions about whether your current mortgage is right for you. Maybe your situation has changed, or your mortgage is coming up for renewal in 2024. Reach out and schedule your free Mortgage Check-up. https://www.mortgagewithmatt.ca/

 Are you overwhelmed with the monthly payments on your high-interest credit card debt? The best solution might be debt consolidation using a mortgage refinance. You may be able to pay off all of that high-interest debt with a new mortgage, allowing you to save significant interest costs, pay less each month on your debt for improved cash flow, have one manageable payment, and reduce your stress! Essentially, you get a financial reset, allowing you to focus on the future and build wealth. You need to have enough home equity; breaking your current mortgage involves costs. Reach out, and I can do a cost/benefit analysis to help you determine if this reset strategy is right for you. https://www.mortgagewithmatt.ca/

 When you buy a home, you may need some extra cash, and a cash back mortgage can be a great solution. With a cash back mortgage, your lender advances you a lump sum of cash upon closing. The most common amount is 5% of your mortgage amount, but it is possible to get anywhere between 1% to 7%.  Reach out to learn if a cash back mortgage is a good solution for you. https://www.mortgagewithmatt.ca/

 While some buyers are waiting on the sidelines, others are jumping in. What you might not realize is that there are benefits to buying in a slower market, such as; 📌 Less competition, which gives the buyer more edge. 📌Prices are coming down from the record highs we have seen, making homes more affordable. 📌What goes up must come down, and when rates do come down, those who got into the market today will be able to restructure their mortgage and save on interest in the long run. https://www.mortgagewithmatt.ca/

 If your mortgage is coming up for renewal, you need to start preparing for higher rates. Two tips to help you get ready are: 1. Take advantage of your prepayment privileges and increase your payment amount. You will pay down more principal and be accustomed to paying a higher amount at renewal. 2. Watch your bad debt. Be cautious about any credit card or other high-interest debt. It is not about panicking; it’s about being prudent. Reach out, and together, we can determine your best strategies.

 If you are carrying high-interest debt on a credit card or line of credit, reach out to explore your options. Refinancing your mortgage to pay off high-interest debts can reduce stress and potentially increase your monthly cash flow. https://www.mortgagewithmatt.ca/

 If you have owned your home for several years, you most likely have a large amount of equity. You can use this equity to purchase a rental property and increase your monthly cash flow. With rent prices currently up on average 12% Year over Year, combined with a record-high population increase, there has never been a better time to explore owning an income property. Reach out to explore your options. https://www.mortgagewithmatt.ca/

 Finding a co-signer for your mortgage is a great solution, but not everyone is comfortable taking on that responsibility. Below are three alternatives to having a co-signer on your mortgage: 1. Receiving a gifted down payment. Depending on the amount, a gifted down payment might be exactly what is needed to help qualify for a mortgage without needing a co-signer. 2. Getting a joint mortgage. Joint mortgages are popular with parents helping their children buy a first home. They give both parties equal responsibility to make payments. In return, all parties get equal ownership of the home. 3. Using buyer assistance programs like the First Time Home Buyers Incentive, the Home Buyers’ Plan, or the First Home Savings Account. For more information, reach out for a free consultation. https://www.mortgagewithmatt.ca/

 This year has been one for the books regarding your mortgage. You might have questions about whether your current mortgage is right for you. Maybe your situation has changed, or your mortgage is coming up for renewal in 2024. Reach out today and schedule your free Mortgage Check-up. https://www.mortgagewithmatt.ca/

 We know that borrowing money is more complicated for self-employed Canadians, which is one of the reasons why working with a Mortgage Broker like myself is so important. I have access to lenders specializing in self-employed mortgages and understand business owners' challenges. If you are self-employed and looking to buy, renew or refinance, reach out. https://www.mortgagewithmatt.ca/

 Reach out to discuss a rate hold. A rate hold is when you secure your interest rate for a period of time while you shop for a house or renegotiate your mortgage.  The next Bank of Canada interest rate announcement is October 25th. In the event rates rise, you can take advantage of the rate you locked in. www.mortgagewithmatt.ca

 Matthew Gottfried Mortgage Agent - Level 2 - Business Spotlight www.mortgagewithmatt.ca WORKING FOR YOU, NOT THE BANKS! Markets Served: Elmira, Guelph, Kitchener, Listowel, Palmerston, Stratford, Waterloo, Wingham You want to get the most from your mortgage - now and in the years to come. As a professional Mortgage Consultant, I can do just that. From competitive rates to flexible options, I’ll work with you to find solutions that suit your needs. With access to over 50 competing lenders - including major banks, credit unions, life insurance companies, trusts and other national and regional lenders, I have the tools to get you the best mortgage, with the features and rate that meet your needs, whether you are: purchasing your first or next home, or considering a vacation property; new to Canada; investing in property; considering a large renovation project; refinancing to boost monthly cash flow and save on interest costs; looking at options for your mortgage renewal; or, intere...

 Mortgage rates can be misleading and complex. The lowest rates aren’t available for all situations, like conventional mortgages, refinances, 30-year amortizations, and rental properties. Rates are also used as a lure in online rate ads. But the reality is that once the fine print is read, many will find they don’t qualify for that rate, and often, there are restrictions that could cost homeowners in the long run. If you see an online rate ad, do all the research you can, but be sure to call me to discuss. As your Mortgage Broker, it's my job to understand your situation and look out for your best interests. https://www.mortgagewithmatt.ca/

 A recent survey done by REMIC shows that over 21% of respondents believe their bank will give them the best mortgage rate because they are loyal customers. This is not the case! Banks often don’t offer discounted rates because they don’t have to. Plus, their hands are often tied as they represent only one lender. When you work with a Mortgage Broker like myself, one application gets you access to all the lenders. Some even provide discounts, which are immediately passed on to my customers. mortgagewithmatt.ca

 If your mortgage is coming up for renewal this year, it is essential you reach out. I work with multiple lenders and am armed with solutions for every situation. mortgagewithmatt.ca

 There are so many reasons to choose a Mortgage Broker over your Bank! When you have a choice, you can be confident you got the best rate and mortgage for your situation. Professional advice is also crucial in today's changing marketplace. Five reasons to choose a Mortgage Broker over your Bank: 1. Choice. Get access to over 50 lenders, including major banks. 2. Professional Advice. Make an informed decision and save money. 3. Solutions. If you don’t qualify for a Bank mortgage, I can help. 4. Convenience. Everything can be managed around your busy schedule. 5. Great Rates! mortgagewithmatt.ca