Purchasing your home is one of the biggest and most important decisions that you can make. Tammy Wandzura your Trusted Saskatoon Mortgage broker and the team at Elite Mortgage Choice believe that buying a home should also be an exciting experience with little to NO stress. By trusting your Mortgage Broker, you are ensuring that any stress you may have had in previous encounters can be eliminated!
Tammy truly believes that all you should have to worry about is opening the door to your new home for the very first time.
Here Tammy shares some great information and tips on mortgages:
As a Mortgage Broker October & November are the months that our lenders & insurers take the time to come and meet with us and introduce us to new products and information that can be useful to our clients.
As YOUR Mortgage Broker I am here to share information that pertains directly to you!
A few things to think about going into the tail end of the year and 2014.
The government has mandated further rules for our lenders to follow in 2014. What does this mean to you?
If you have Line's of Credit or Credit cards that have a minimum interest only repayment-lenders will be forced to use a 3% repayment in most cases
EX: $10,000.00 Unsecured Line of credit=Currently $50.00/month minimum payment
NOW: the Banks will require us to use a $300.00/month payment
**This will significantly impact the approval & qualification of many clients.
Thinking of restructuring your mortgage OR buying? Call me today. We can talk about your options TODAY and in the future!
1) Buying a HOME?
Have you considered PURCHASE + IMPROVEMENTS
With the new Government rules regarding refinancing (only able to restructure your mortgage up to 80% of the value) it will take some significant time to build enough equity; allowing you the flexibility to do that upgrade to the kitchen, bathroom, shingles, driveway, basement, furnace etc
We can set up your mortgage as a Purchase +
This allows you to do the upgrades now and include the improvement costs into your mortgage!
Call me today to discuss how this program can work for you!
2) There are special programs available for Professionals (such as: Doctors/Residents & Engineers) Call me for more details.
3) Variable Rate Mortgages are Making a Comeback!
Many of our lenders are re-introducing the deeper discounts on the Variable rate mortgages.
This type of mortgage is not always best suited for the first time home buyer. Qualifications are different. **However this is a great option for a qualified borrower to work with the LOW Prime rate (still sitting at 3%)
4) Self employed - Stated income
Are you Self employed? There are still STATED income programs available with as little as 10% downpayment.
Approval is subject to qualification.
5) New To Canada?
New to Canada as a Permanent resident OR on a Work Visa- we can qualify you with as little as 5% downpayment.
Pre-approvals are required
Call me today for further details!
Call Tammy Wandzura today at 933.3386 for all of your Saskatoon mortgage needs OR visit www.elitemortgagechoice.com
Make an appointment with Tammy Wandzura at TMG, #1-511 1st Ave N or check out her listing on the SASKATOON DIRECTORY in the SASKATOON MORTGAGES Category..she is a Trusted SASKATOON MORTGAGE BROKER Expert!
Listen to Tammys current Radio ad here! http://www.elitemortgagechoice.com/wordpress/wp-content/uploads/2012/02/SP0085.mp3