Mortgage Intelligence

Oshawa's Mortgage News Desk!


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Tap Into Your RRSP

First Time Home Buyers

Use your RRSP as a downpayment.

If you have RRSP savings you have a down payment that you can access now and take up to 15 years to repay. You may also be able to save on CMHC Insurnace when buying your home, but using your RRSP funds to put down more than 5% of the purchase price.  You and a spouse can use up to $25,000 each as a down payment if neither of you has owned a home in the past.

First Time Buyer

Include renovations in your mortgage.

 

We are pleased to provide you with valuable information about using your RRSP so you can buy a home now!     Here is the information RRSP as a down payment

If you wish to take advantage of historically low mortgage rates, please apply now using our secure online mortgage application today!

Do you have a question about using your RRSP as a down payment? Use the handy form below to reach out to us and we’ll be happy to answer your inquiries. If this article is helpful, pleases share it with your Facebook friends!


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Dailing For Dollars!

7 Phone Calls To Save You Money.

The ‘latte factor’ is the metaphoric term finance guru David Bach used to compare money that most of us would spend on smaller expenses and are likely to add up as time goes by. Similarly, fixed monthly payments over time tend to add up too. Therefore focusing on trimming fixed monthly payments such as insurance premiums, cable bills, and bank fees would be a smarter option to save over time.

Making these 7 calls can save you Money

 

Car and home insurance

home and auto insurance Informing your insurance company on any changes to your personal circumstances – shorter commute to work, maternity leave, less driving or retirement may result in your insurance premiums reducing by $150 annually. An anti-theft system for your vehicle might be an option for getting a lower rate.
Your alumni status, bundling home and auto insurance with one company and increasing your deductibles may save you around 15% on your insurance premiums. In addition, installing a home alarm system which is affiliated to a central monitoring station would be an additional option towards achieving a 10% to 15% discount on your monthly insurance premiums.

Monthly payments incur additional administrative charges. Saving small amounts of money monthly towards renewing your insurance will certainly help to ease the pressure, when you have to make an annual payment.

Please contact UNITAS Home & Auto Insurance, an affiliation to Mortgage Intelligence for insurance inquiries and advise on getting value for your payments.

Bank fees

Does your chequing account cater to your banking needs? You may be paying exorbitant monthly fees for services that you do not have a need for – unlimited transactions, or you do not get sufficient transactions for the fees paid. On some occasions banks do waive off fees, provided that the account holder maintains the required minimum balance.

Looking at financial institutions such as President’s Choice Financial and Tangerine that offer no-fee banking is an alternative to saving No fee Bankingunnecessary monthly bank charges.

We do have the tendency to still want paper bills, invoices and monthly statements. Major banks such as TD, BMO, Scotiabank and CIBC and all other service providers charge their customers an additional $2 – $3 for statements that are sent via the post. Going paper free – receiving statements including monthly cellphone, cable and wireless bills, online or via email, will save you an additional $2 for each bill/statement.

Debt payments

high interest rate debtAre you currently making payments towards servicing your debts? Looking at switching from higher interest rates to lower rates will reduce monthly payments and as well as make it easier to settle a part of the principal. Consolidating debts in to one monthly payment will take away unnecessary incidental fees and as a result, the monthly payment amounts will reduce too. You may need to check on requirements to be met in order to qualify for low interest rates, and the penalties, transfer fees or any other charges that may be applicable to you for breaking a contract.

Mortgage Intelligence provides advice and consolidation solutions to their clients.

secure mortgage application on line

It’s So Easy to apply on line

Telecommunications

Option abound in the telecommunication realm. Its up to you to decide how you use your device and knowing how you use it, have your provider design a plan that maximizes use at the most competitive rates. The market place for telecommunication is vast and highly competitive so be sure to compare so you know you are getting the best rate for your individual needs. If you indicate that you are moving to a new provider, you will often be offered better rates. Its not something you should do unless you are actually prepared to move your service.

Television providers often sell channels in a package format. Its good to take a look at the channels you actually watch and ask to re-assess Netflixyour programming. With Netflix costing under $10.00 per month it may be cost effective to switch you movie channels to them!

Consider bundling your services for additional savings. Last of all, do you really need a land line t home. Most people even teens now have a cell phone, making it redundant to also have a home phone.

Utility bills

Save money on utilitiesProgrammable thermostats are designed to enable the temperature to be set and adjusted automatically. The device can also be accessed online and the temperature can be adjusted while you are away from your home. Installing a programmable thermostat will help households to save up to 10% of energy consumption.

Installing a programmable thermostat, switching off lights, electrical devices, unplugging charges, doing laundry during off-peak hours and using cold water are helpful tips offered by Hydro One towards reducing energy bills.

save on groceriesGroceries

Shopping at discounted retailers – No Frills and Walmart for groceries, you are more likely to save up to 40% on fruit and vegetables, and the quality of these products are on par with premium stores due to the high volume of customers visiting discounted retailers, fruits and vegetables offered on sale are fresh. In addition, substituting brands for generic brands will save you 30%.

Mortgage payments

save on your mortgageFor most of us, the largest chunk of your earnings is spent on our mortgage payments. Talk to a Mortgage Broker about options available, if you are looking to break a contract, renewing or looking to refinance an existing mortgage. Your Mortgage Broker will shop around for the best rates to suit your financial and personal circumstances.

Mortgage Intelligence offers the best rates and you owe it to yourself. Lower rates result in lower payment amounts and also an opportunity for the homeowner to payoff principal rather than on interest.

 

 

Read the original article for more information:

Original article by Melissa Leong, Financial Post.

We hope you find these tips will help you save money on your monthly fixed expenses. When it comes time to save on your Mortgage, call the team at mimortgage.ca and let us help you save thousands!

Use the handy contact form below to reach us today!


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No More Mortgage Letdown!

Avoid being turned down at a Bank

  Mortgage Intelligence has over 50 lenders.

Don’t suffer from Mortgage letdown!

Apply today!  Start Saving tomorrow!

It's So Easy!

It’s So Easy!


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Holly Cow! What A Great Rate.

 

 

Holy Cow That’s A great Rate Special

Mortgage Rate Special                   

 2.2% for 5 year mortgages.

Its time for you to save when you need a Mortgage!

It's So Easy!

It’s So Easy!


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What Will 2014 Bring to the Housing Market?

From Tighter lending guidelines to Credit Unions stealing market share.

We are bringing you the top 5 predictions for the housing and mortgage

market in 2014. mortgage predications 2014

The Globe and Mail provides insight into what we should expect.

Read the full article here.

When it comes to sound mortgage advice and great rates, our customs turn to our team of knowledgeable and experienced Mortgage Agents. Shouldn’t you?

What are your thoughts on the predictions. Use our handy form to leave a comment.


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Moving To Port Perry

Port Perry


Welcome to Port Perry! Port Perry’s population has been counted at a little over9500 and growing. There are over Port Perry Ontario350 merchants and stores in the town and over 15 bed and breakfasts for travelers looking for that cozy place to stay.  There is a cruise boat that will take you on a tour of Lake Scugog and a marina that allows you to park your own tour boat if need be. For the more restless at heart there is a casino just on the outskirts of town a number of pubs to stop in at for a pint and some entertainment. There is also a winery, a town hall and a town ghost. It’s the perfect place to be!

Scugog Shores Historical Museum and Archives is dedicated to preserving the history and pre-history of the Lake Scugog area.

Experience life in an earlier time. Eleven authentically restored buildings in a peaceful rural setting are furnished to reflect mid to late nineteenth century. Realistic displays recreate the lifestyles, commerce and industry of the period. Come tour the village buildings and enjoy a pleasant stroll through our heritage gardens. 

Downtown Port Perry is more than shopping – it is an experience; one that attracts thousands of visitors each year. The pristine Victorian architecture is what gives our downtown its unique charm. The historic buildings host an eclectic mix of business including retail merchants, restaurants, attractions, financial institutions and professional services. 

Port Perry promises the perfect day trip for anyone looking to indulge in a little shopping or entertainment. One stroll down our Victorian streets lined with beautiful shops overlooking the shores Lake Scugog is all the convincing you’ll need! Port Perry is the perfect escape.

The merchants and businesses located in Downtown Port Perry make up our Business Improvement Area (BIA). This dedicated group of entrepreneurs is committed to making every visit to Downtown Port Perry an experience to remember. From the beautifully appointed facades and window displays to the friendly, personalized service, we savour every moment you spend with us.

Port Perry is a great place to live, especially if you enjoy an active life. “Your Durham Mortgage Solutions Team” makes it possible to buy a cottage or a permanent home on the shores of Lake Scugog.  We work and live in Durham, so we know the towns like Port Perry that make up this fantastic Region. Won’t you come to Port Perry for the charm and stay for the lifestyle. Let us make it happen.

Port Perry Mortgages

Let Port Perry Mortgage Brokers Get The Best Pre-Approval Mortgage Rate

Getting pre-approval is an important first step when buying a home and Port Perry mortgage brokers are there to help you every step of the way. We provide an online Mortgage Intelligence application form right on our website for your convenience and we’ll submit it to one of our lenders for the best pre-approval fixed or variable rates available. Whether you’re buying your first home or your next home, let us help relieve some of the stress so you can concentrate on finding the right home that fits your budget and lifestyle.

Port Perry Mortgage Services offer the best mortgage rates and more

When you’re looking for a company that offers a host of mortgage options for renewals and refinancing, or home purchases and commercial mortgages, Port Perry Mortgage Services can deliver. We have established good working relationships with both traditional lending institutions and private lenders so we can always offer our clients the best mortgage rates available. Our Mortgage Intelligence services also include free mortgage calculators, informative videos and weekly e-rates, to name just a few.

Port Perry Mortgage Rates Can Include Private Mortgage Loans

Even when people have experienced financial difficulties and suffer from a poor credit rating, they still need financing for a mortgage. Here at Mortgage Intelligence, we understand that some borrowers need alternate financing options and that’s why we work with a diverse group of private lenders to find the right mortgage solution at the best Port Perry mortgage rates. We also understand there are variable and fixed rates and fees associated with private lending and we’ll explain every detail of your private mortgage application with you. Remember, there’s no fee if you’re not approved, so apply online and let’s get started!

Apply today, start saving tomorrow!


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Welcome Rosemary and Dennis!

David Hetti and Elfie Hayes of Mortgage Intelligence Oshawa

welcome Rosemary Madden and Dennis Street to the MI Team!

Elfie and David Welcome Rosemary and Dennis

Elfie Hayes, Dennis Street,  Rosemary Madden  David Hetti

Recently Rosemary Madden and Dennis Street joined the MI Team. The Grand opening was held at Rosemary’s office at 375 Simcoe Street South
Oshawa, ON.

It was standing room only as the Oshawa Chamber of Commerce,  the Mortgage Intelligence Team, local

Dignitaries and our Lender Partners  helped welcome Dennis and Rosemary to the largest Mortgage Intelligence team in Durham Region.  Both Rosemary and Dennis are seasoned agents and had e long careers at The Mortgage Centre.  Rosemary was the original Broker of the Mortgage Centre in Pickering.

When their firm was old this past summer it was time to look to a progressive future with MI.  Both Rosemary and Dennis bring great value to the MI team as Mortgage Intelligence bring products and support to them.  The end result is that everyone benefits from the addition to the team.

Rosemary is a veteran of the Mortgage Industry and Dennis has used his years of experience to serve the commercial realm.

Your MI Team  Welcomes you both to Mortgage Intelligence!