Kerem Engin - Mortgage Professional

10/25/2022

Helping you reduce some of the costs of homeownership. Until the end of this year (2022), take advantage of my appraisal credit. Call me to find out more.
Tel: (604) 355-6148
Email: [email protected]

09/07/2022

Bank of Canada raised the policy interest rate by 0.75% this morning. This increase will impact homeowners and home buyers in the following ways:

1) For adjustable rate mortgage holders, this means your monthly mortgage payment will increase by 0.75%.

2) Home buyers will need to update their pre-approval applications as this can negatively impact the amount of mortgage you can qualify for thereby impacting your overall affordability.

3) Static payment variable rate mortgage holders might have reached the trigger point. This is when the current static payment covers what’s required in terms of principal and interest. Under this circumstance, variable interest rate mortgage holders might need to increase their mortgage payments, as well.

For a more detailed discussion and information, please reach out to me directly.

Tel: (604) 355-6148
Email: [email protected]

09/05/2022

As a Mortgage Broker, I work with different banks and lenders ranging from the big banks, credit unions to mortgage finance companies. My job is to find the best mortgage for your unique needs.

IF:

- You've been told "no" from your bank branch
- You're starting your home buying journey
- You're a homeowner looking to switch your mortgage or are looking to refinance and use equity

I would love to chat with you to see how I can meet your unique mortgage goals and needs.

I take a needs based approach to meeting your mortgage finance goals by matching you with the most appropriate lender or bank.

To discuss your homeownership goals, please reach out to me directly on 604-355-6148 or [email protected]

08/17/2022

One of the most important factors that lenders analyze when assessing your application is your income. Banks and lenders analyze the relationship between your monthly income and your monthly liabilities and come to an approval decision/qualification amount based on this ratio. You could be earning income not only from your employment but also from other sources such as rent or investments. To discuss what types of income you can use when applying for a mortgage, please click on the link below or reach out to me directly.

Tel: (604)-355-6148
Email: [email protected]

https://keremengin.com/factors-lenders-take-into-consideration-1-income/?fbclid=IwAR2umP3hvrdIY_d7TU9sp9xmZ4W_67lL3dZCcdPHLVIndbhB6kBKnaSUB0Q

Banks and lenders use your gross annual income to calculate your overall mortgage qualification. They use your gross annual income to determine the total mortgage you can qualify for. As documentation is one of the most important aspects of a mortgage application, the lender will request a few docum...