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This is a behind the scenes look at our local Mortgage Market in GTA West and South West Ontario. We discuss real life experiences of clients, partners and experts. Listen to learn and be entertained.
Episodes
Tuesday Feb 13, 2024
Tuesday Feb 13, 2024
Part-Time Up, Full-Time Down: Canada's Labour Market Shuffle
Don’t be fooled… Pay attention to the details…The UNEMPLOYMENT Rate went down for the month of January, and Actual Employment numbers is UP… This may suggest Strong Economy and inflationary…
While job report might initially appear positive, a deeper analysis reveals underlying weaknesses. The Bank of Canada is likely to maintain its current course… Remember for our Real Estate and Mortgage Industries, even though their are increases in Part Time Employment, the FULL TIME Employment number decrease is the number that matters to most of the Homebuyers…
Raymond Daez
Mortgage Broker/Team Lead
416 705 3239
Mortgage Alliance Lic# 10530
Monday Jan 15, 2024
Monday Jan 15, 2024
The Ripple Effect: Canada's Inflation Rate and Your Wallet
Raymond Daez
Mortgage Broker/Team Lead
416 705 3239
Mortgage Alliance Lic# 10530
Tuesday Jan 02, 2024
Monday Dec 11, 2023
Monday Dec 11, 2023
Navigating the Unexpected Dip in Home Values
Raymond Daez
Mortgage Broker/Team Lead
416 705 3239
Mortgage Alliance Lic# 10530
#emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent #mississaugamortgage #miltonmortgage #haltonmortgage #georgetownmortgage #oakvillemortgage #investmentproperty #realestateinvestment
Thursday Dec 07, 2023
Thursday Dec 07, 2023
Can Mortgage Brokers Make $100k?… How?
Is it hard to be a successful mortgage broker?
Is being a mortgage agent stressful?
What makes a good mortgage agent?
What do top mortgage brokers make?
How do mortgage brokers in Canada make money?
Do RBC mortgage specialists make commission?
How much does a Mobile Mortgage Specialist at TD make?
Monday Dec 04, 2023
Monday Dec 04, 2023
First off, Canada escaped entering a technical recession. Our Real GDP did fall by 0.3% in the third quarter, a revision in the second quarter numbers from negative to a positive growth of 0.3% prevented two consecutive quarters of decline, which is the standard definition of a recession.
Raymond Daez
Mortgage Broker/Team Lead
416 705 3239
Mortgage Alliance Lic# 10530
#emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent #mississaugamortgage #miltonmortgage #haltonmortgage #georgetownmortgage #oakvillemortgage #investmentproperty #realestateinvestment
Thursday Nov 30, 2023
Thursday Nov 30, 2023
🏠💡 Think Mom-and-Pop Investors Hurt the Housing Market? Think Again!
Contrary to popular belief, Mom-and-Pop Investors are the backbone of our real estate, providing vital rental options and supporting local economies. They're not just investing in properties; they're investing in communities. Watch how mom-and-pop investors are positively shaping Canada's housing market! 🇨🇦🔑
Raymond Daez
Mortgage Broker/Team Lead
416 705 3239
Mortgage Alliance Lic# 10530
#emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent #mississaugamortgage #miltonmortgage #haltonmortgage #georgetownmortgage #oakvillemortgage #investmentproperty #realestateinvestment
Monday Nov 27, 2023
Monday Nov 27, 2023
Raymond Daez
Mortgage Broker/Team Lead
416 705 3239
Mortgage Alliance Lic# 10530
Friday Jan 06, 2023
Friday Jan 06, 2023
(1)How to get a Mortgage for a New Build Condo Assignment?
(2) An assignment is a REAL ESTATE sales transaction where the original buyer of a property (the “assignor”) allows another buyer (the “assignee”) to take over the rights and obligations of the Agreement of Purchase and Sale by THE ORIGINAL BUYER (THE ASSIGNOR), before THE CLOSING on the property. The assignee is the one who ultimately CLOSES the deal with the BUILDER.
ASSIGNMENT IS LIKE SELLING THE CONTRACT TO ANOTHER BUYER. THIS IS COMMON TO PREBUILT CONDOS AND HOMES.
THE ASSIGNOR AND THE ASSIGNEE negotiate the terms of the Assignment Sale, such as the Assignment Purchase Price, Real Estate Deposit/s, and other costs.
It is important to note that the Builder will need to signoff on this Assignment Sale.
(3) DOCUMENTS NEEDED:
- Original Builder Purchase Agreement
- Floor Plan
- Copy of Builder Deposits
- Interim Statement of Adjustments
- Signed Purchase and Sale Agreement (Assignment Agreement)
- Copy of Real Estate Deposit
- Income Confirmation
- Proof of Down Payment
- IDs
- Mortgage Application and Privacy Agreement
- Signed Builder Acknowledgement of the Assignment
(4) VALUE USED…
TO the BUYER(Assignee):
Assignment Purchase Price:
Real Estate Deposit:
Mortgage Approved/Required:
Owed to the Builder
Owed to the Assignor
Other Costs
TO the Original Buyer (Assignor):
Original Purchase Price (with Builder)
Assignment Sale Price (with Assignee)
Profit as Capital Gains or INCOME
Anticipated Cash on Hand after Sale… Dont forget that the Builder Deposits given by the Assignor/Original Buyer is signed over to the Assignee… Real Estate Deposit given by the Assignee goes to the Assignor/Original Buyer…
VALUE USED… by the Lender…there are lenders will only use the lower of Original Purchase Price and Market Value… There are Lenders that use the lower of Assignment Purchase Price and Market Value…
It is so important to distinguish because what value we use affects how much we can borrow…
The LENDER WILL QUALIFY THE ASSIGNEE’S ABILITY TO AFFORD THE MORTGAGE, HIS OR HER CREDIT HISTORY AND AS MENTIONED BEFORE THE VALUE OF THE NEW BUILD CONDO.
Dealing with a Mortgage Agent that can explain and advise you on the financial components of an Assignment Sale helps minimize your financial stress. An experienced Mortgage Agent can help you get that mortgage that funds the deal.
#emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent
Monday Nov 07, 2022
Monday Nov 07, 2022
Mortgage Agent look at Penalty Calculations for Variable and Fixed Rate Mortgage (Both from Bank and Fair Penalty Lenders)