Win Win Mortgages Inc.

Who’s getting competitive financing these days?

The Bank of Canada just dropped the qualifying rate from 4.94% to 4.74%, making it even easier for people to get approved for financing.

(This is the behind-the scenes rate used for qualifying people…not the rate that your mortgage payments are based on).

In addition, mortgage rates are incredible these days, and I'm assisting many clients across Canada to secure competitive financing that has them achieve their goals.

Here are some examples of what they're doing:

-Parents buying a home for their adult kids, and keeping that property as a family investment.

-First-time Home Buyers, sometimes using their RRSP's for their down payment, penalty-free, as well as the First Time Home Buyer's Incentive Program through CMHC (https://www.cmhc-schl.gc.ca/en/nhs/first-time-home-buyer-incentive).

-Refinancing to consolidate high-interest debts, like vehicles and credit cards. I just helped one couple save around $2,300/mo! This was done by consolidating their consumer debts averaging 10%-20% interest, into a mortgage with an interest rate under 2.5%.

-Renewing their mortgage upon the maturity date.

-People buying bigger homes to fit their growing families, and smaller homes to reduce their monthly payments.

-Refinancing to help people settle their Separation or Divorce.

-Refinancing to do their home renovations in a way that's really affordable.

If you're curious about mortgage possibilities for your situation and would like information without any obligation, feel free to contact me. I'm happy to be of service.

www.win-win-mortgages.com

First-Time Home Buyer Incentive | CMHC An introduction to the First-Time Home Buyer Incentive and links to tools and resources to help you prepare to buy your first home.