Viktoriya Tsymbal Real Estate - Homelife New World Realty

09/14/2022

Thinking about buying a 🏠? It’s time to check on your credit score.

A good credit score shows lenders that you are a safe investment. The higher your score, the lower the rates you’re likely to qualify for.

But don’t panic if your rate isn’t there yet! You can improve it through a few key steps, and over time, that score will start to climb! 📈

For more details on how to raise your credit score and land a great mortgage interest rate, check out our latest blog post.

🔗 https://torontosuburbproperties.com/8-strategies-to-secure-a-lower-mortgage-rate

8 Strategies to Secure a Lower Mortgage RateInterest rates have risen rapidly this year, triggered by the Bank of Canada’s efforts to curb inflation. And the

09/14/2022

Interest rates are rising fast, and Canadians are feeling the pinch.

For example, higher rates have made it harder to afford—or even qualify for—a mortgage.

That’s why we’ve pulled together our top 8️⃣ strategies to help you secure a rock-solid rate. Here are a few:

📈 Raise your credit score. Paying down debt and limiting credit applications can help.

❌ Don’t job-hop. Mortgage lenders prefer to see two years of steady paychecks.

💰 Increase your down payment. Some lenders offer lower rates with more upfront, plus you’ll save on the cost of mortgage default insurance.

🙏 Ask for a discount. In Canada, it’s standard for lenders to discount their advertised rates based on the strength of your application.

If you’re thinking about buying a home or are up for a renewal, check out our latest blog post for all our tips and more details on how to land the best mortgage.

🔗 https://torontosuburbproperties.com/8-strategies-to-secure-a-lower-mortgage-rate

8 Strategies to Secure a Lower Mortgage RateInterest rates have risen rapidly this year, triggered by the Bank of Canada’s efforts to curb inflation. And the

06/28/2022

Should you get pre-approved for a mortgage before you start house hunting?

YES!!

Here are three reasons why:

You’ll find out how much home you can really afford.
You’ll gain credibility when you’re ready to make an offer.
You’ll speed up the buying process.

P.S. Let us know when you’re ready to start your home buying journey. We’re ready to help!

[647-702-3140]
[[email protected]]

06/17/2022

Higher rates & short supply. What should we expect from real estate market in 2022?

Canada's housing market hit a boiling point last year as homebuyers clambered for real estate in regions with significantly more demand than supply. But now tha

06/15/2022

3 Types of Real Estate Investments To Hedge Against Inflation

Real estate investing can help you beat inflation.

But where should you invest your money? What kind of real estate is most valuable? Here are three investment types to consider:

PRIMARY RESIDENCE: As inflation raises prices throughout the economy, the value of your home is likely to go up concurrently. If you do not already own a home, we can help you take this first step.

LONG-TERM RENTAL: This is a traditional rental. Think of a one-year lease on a single-family home. Because this serves as a tenant`s primary residence, it is a necessary expense. Therefore, it helps to provide stable returns in uncertain times, especially when we have high inflation.

SHORT-TERM RENTAL: Done right, short-term or vacation rentals can be both a hedge against inflation and a profitable source of income. As a bonus, when the home is not being rented you have an affordable vacation spot for yourself and your family!

Need help deciding which investment option is best for you?

Contact us to talk through your options and goals.

(647)-702-3140
[email protected]