Mortgage Rate Update - October 3, 2016

*Denotes Change in Rate**Rates subject to change without notice.  Some conditions apply.  O.A.C.  Rates could be customized maturity and must close by a certain date.  Contact me for the best rate for you!!

Mortgage Rate Update - September 26, 2016

As always, you can keep updated on current interest rates at www.shawnmooney.com/rates

Shawn Mooney |Bayfield Mortgage Professionals Ltd.

Broker of Record

Your Mortgage Broker for Life

Bus. # 403-945-8769 | Mobile # 403-828-1838

Email: mortgages@shawnmooney.com

Website: www.shawnmooney.com

*Denotes Change in Rate**Rates subject to change without notice.  Some conditions apply.  O.A.C.  Rates could be customized maturity and must close by a certain date.  Contact me for the best rate for you!!

First Time Home Buyer - FAQ

Let a Mortgage Broker Help you

I realize the process can be overwhelming and complicated.  As your mortgage broker I will walk you through the whole process from start to finish.  I will make sure that every step of the way you understand what is happening. 
Get a Mortgage Pre-Approval

Once you have decided you want to buy a house the next step is to find out how much you can spend and when you plan to take ownership.  I will go through all the steps needed to find out how much you qualify for, how much of a down payment you need and I will work to get your interest rate locked in for the next 120 days.  One really great benefit to having your pre-approval is you won't have to worry about any rate increases within the rate hold period.  Also, you will be given the benefit if rates drop before you get possession of your new house. 

First Time Home Buyer Benefits

As a First time home buyer there are certain privileges you are entitled to.  The first of which is Tax Credit.  The tax credit allows you tax breaks on your closing cost up to $5,000.  So you can get a tax break on the money you spend on legal fees, inspection, appraisal, title insurance and other qualifying home buying expenses.

Another benefit is the Home Buyers Plan. This program allows qualified buyers the use of up to $25,000 in RRSP contributions to buy their house.  Under this program the withdrawal of the RRSP will not work against their income.  They will be allowed up to 15 years to pay it back before it gets penalized as income and you have to pay tax on it.

It's about making the right decision 

More and more Canadians are discovering that the best mortgage decision they can make is to choose to work with us.  We offer creative mortgage solutions and can offer all sorts of financing options. 

Take the next step now and contact us to ensure you receive expert and unbiased advice - and the professional service you deserve. 

Shawn Mooney |Bayfield Mortgage Professionals Ltd.
Broker of Record
Your Mortgage Broker for Life
Bus. # 403-945-8769 | Mobile # 403-828-1838
Email: mortgages@shawnmooney.com
Website: www.shawnmooney.com

Mortgage Rate Update - September 19, 2016

*Denotes Change in Rate**Rates subject to change without notice.  Some conditions apply.  O.A.C.  Rates could be customized maturity and must close by a certain date.  Contact me for the best rate for you!!

As always, you can keep updated on current interest rates at www.shawnmooney.com/rates

Shawn Mooney |Bayfield Mortgage Professionals Ltd.

Broker of Record

Your Mortgage Broker for Life

Bus. # 403-945-8769 | Mobile # 403-828-1838

Email: mortgages@shawnmooney.com

Website: www.shawnmooney.com

Mortgage Renewal, What you need to know!

What Happens when your mortgage is up for renewal?

Generally speaking when your mortgage is up for renewal you get a renewal notice from your Bank or other lender, you choose the rate you would like and you advise the lender.  From there you carry on.  It is not that simple… your current mortgage lender would like it if you thought so. 

Here is what you need to know however;

·        Your current mortgage lender wont usually send you your renewal notice until you are very close to renewal to reduce the amount of time you have to shop around.

o   I will send you a notice that your mortgage is coming up for renewal within the 120 days to your mortgage renewal so you have plenty of time to decide what the best option is.

·        Your current mortgage lender may not offer you the best rate you can get right out of the gate, you may need to negotiate with them to get a lower rate

o   I will help you to negotiate an interest rate on your behalf, make sure you are given the best possible rate, or at least to make sure you are given the best rate by the end of it.

·        If you had any credit mishaps over the term of your mortgage they may not offer you a very good rate at all as some of the lenders pull your credit before offering you a renewal.

o   If you have had issues with your credit, a new lender may better understand this and give you a better interest rate.  I would help you figure out you can do if you have had some credit issues over the term. 

I am here to help.  If you would like to be reminded about your mortgage renewal please follow this link... http://www.shawnmooney.com/mortgage-renewal-reminder

Shawn Mooney |Bayfield Mortgage Professionals Ltd.

Broker of Record
Your Mortgage Broker for Life
Bus. # 403-945-8769 | Mobile # 403-828-1838
Email: mortgages@shawnmooney.com
Website: www.shawnmooney.com

Mortgage Rate Update - September 6, 2016

*Denotes Change in Rate**Rates subject to change without notice.  Some conditions apply.  O.A.C.  Rates could be customized maturity and must close by a certain date.  Contact me for the best rate for you!!

Is Your Mortgage Up for Renewal Soon? If not, set a reminder so you don't forget it.

In this day and age, it is especially important to consider your options when your mortgage is up for renewal.  There are so many things you will want to consider.  You may have better options available.  Did you know hat you can get a rate hold for up to 120 days with some lenders?  Also, because a new lender wants your business they will sometimes pick up all of the costs associated with the new mortgage. 

As plans are always changing over the years you should re-evaluate your mortgage options at each renewal.  Some of the questions I would ask would be;

• How much longer do you plan to live there?

• Could you use a little extra money for renovations?

• Could you use some money to pay off some debts?

• Are the payments a little too high, or are they a little too low?

• Would you like to pay off your mortgage faster? 

At the end of the day there are several considerations for your upcoming mortgage renewal.  Your renewal is the perfect time to consider these questions and more as you can re-negotiate a new mortgage and avoid any kind of penalty.

Whatever your needs are I would like to make sure you are well looked after for the renewal of your mortgage.  I will work with you to make sure you are getting the right mortgage for you.  

Set up a Mortgage Renewal Reminder

http://www.shawnmooney.com/mortgage-renewal-reminder

Shawn Mooney |Bayfield Mortgage Professionals Ltd.

Broker of Record
Your Mortgage Broker for Life
Bus. # 403-945-8769 | Mobile # 403-828-1838
Email: mortgages@shawnmooney.com
Website: www.shawnmooney.com

Is Your Mortgage Up for Renewal Soon? If not, set a reminder so you don't forget it.

In this day and age, it is especially important to consider your options when your mortgage is up for renewal.  There are so many things you will want to consider.  You may have better options available.  Did you know hat you can get a rate hold for up to 120 days with some lenders?  Also, because a new lender wants your business they will sometimes pick up all of the costs associated with the new mortgage. 

As plans are always changing over the years you should re-evaluate your mortgage options at each renewal.  Some of the questions I would ask would be;

• How much longer do you plan to live there?

• Could you use a little extra money for renovations?

• Could you use some money to pay off some debts?

• Are the payments a little too high, or are they a little too low?

• Would you like to pay off your mortgage faster? 

At the end of the day there are several considerations for your upcoming mortgage renewal.  Your renewal is the perfect time to consider these questions and more as you can re-negotiate a new mortgage and avoid any kind of penalty.

Whatever your needs are I would like to make sure you are well looked after for the renewal of your mortgage.  I will work with you to make sure you are getting the right mortgage for you.  

Set up a Mortgage Renewal Reminder

http://www.shawnmooney.com/mortgage-renewal-reminder

Shawn Mooney |Bayfield Mortgage Professionals Ltd.

Broker of Record
Your Mortgage Broker for Life
Bus. # 403-945-8769 | Mobile # 403-828-1838
Email: mortgages@shawnmooney.com
Website: www.shawnmooney.com

#Mortgage #Rate Update - August 29, 2016

*Denotes Change in Rate**Rates subject to change without notice.  Some conditions apply.  O.A.C.  Rates could be customized maturity and must close by a certain date.  Contact me for the best rate for you!!

#Mortgage #Rate Update - August 23, 2016

*Denotes Change in Rate**Rates subject to change without notice.  Some conditions apply.  O.A.C.  Rates could be customized maturity and must close by a certain date.  Contact me for the best rate for you!!

#Mortgage #Rate Update - August 17, 2016

*Denotes Change in Rate**Rates subject to change without notice.  Some conditions apply.  O.A.C.  Rates could be customized maturity and must close by a certain date.  Contact me for the best rate for you!!

#Mortgage #Rate Update - August 09, 2016

*Denotes Change in Rate**Rates subject to change without notice.  Some conditions apply.  O.A.C.  Rates could be customized maturity and must close by a certain date.  Contact me for the best rate for you!!

#Mortgage #Rate Update - August 4, 2016

*Denotes Change in Rate**Rates subject to change without notice.  Some conditions apply.  O.A.C.  Rates could be customized maturity and must close by a certain date.  Contact me for the best rate for you!!

#Mortgage #Rate Update - 25-Jul-16

*Denotes Change in Rate**Rates subject to change without notice.  Some conditions apply.  O.A.C.  Rates could be customized maturity and must close by a certain date.  Contact me for the best rate for you!!

#Mortgage Rate Update

*Denotes Change in Rate**Rates subject to change without notice.  Some conditions apply.  O.A.C.  Rates could be customized maturity and must close by a certain date.  Contact me for the best rate for you!!