Reset Mortgage Explained: Temporary Payment Relief for Homeowners with Karen Monteiro
The Real Estate and Mortgage Show
by Walter Monteiro
5d ago
Learn how the Reset Mortgage, available through Karen Monteiro of Mortgage Alliance Greater Golden Horseshoe, can provide relief for homeowners facing temporary financial challenges. This innovative mortgage solution offers up to 65% of your home’s current value with a flexible term and no monthly payments required, giving you time to get back on your feet. Whether you're looking to refinance or purchase, this mortgage option is designed to offer peace of mind. For more information, contact Karen Monteiro at 519-590-6847 or karen@maximumresults.ca.   Thank you for watching. Let us help yo ..read more
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Big News for GTA Home Buyers! Mortgage Insurance Cap Raised to $1.5 Million
The Real Estate and Mortgage Show
by Walter Monteiro
1w ago
Hi, it’s Walter Monteiro from The Maximum Results Team! ? Starting December 15, the insured mortgage cap is increasing from $1 million to $1.5 million, allowing buyers to purchase homes up to $1.5 million with a lower down payment requirement: 5% on the first $500,000 and 10% on the remainder. ?✨   This is a big opportunity for buyers in high-priced areas like the GTA! ? However, only around 10-15% of buyers will qualify at this level, as lender income and stress test requirements remain in place. If you’re looking to buy in this price range, reach out to discuss your options and take adv ..read more
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Beware Of Rental Scams
The Real Estate and Mortgage Show
by Walter Monteiro
2w ago
Beware of Rental Scams: Walter Monteiro from The Maximum Results Team shares an important warning about a recent rental scam targeting one of his listings.   Scammers are falsely advertising properties for rent to steal deposits. Always verify listings with a realtor or trusted source. If you suspect a scam, report it to the Canadian Anti-Fraud Centre and your local police.   Stay safe and reach out if you need advice! Thank you for watching. Let us help you with your real estate and mortgage needs. We serve the Cambridge, Kitchener, Waterloo, Guelph and Brantford areas. Check out ou ..read more
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Canada’s New Mortgage Rules Explained: $1.5M Cap & 30-Year Amortization for Homebuyers
The Real Estate and Mortgage Show
by Walter Monteiro
3w ago
  ? **Hello everyone!**  Today, we’re diving into some significant changes to Canada’s mortgage rules that could have a major impact on homebuyers, especially in high-cost markets like ?️ Toronto and ?️ Vancouver.    The federal government has announced an increase in the **CMHC-insured mortgage cap** from $1 million to **$1.5 million**, along with the expansion of **30-year amortizations** for first-time homebuyers. ? Let’s break down what this means for you.    ---   ? **Starting December 15, 2024**  The maximum purchase price for an insured mortgage w ..read more
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Fixed vs. Variable Mortgages: How Changing Rates Have Shifted the Landscape
The Real Estate and Mortgage Show
by Walter Monteiro
1M ago
Fixed vs. Variable Mortgages: How Changing Rates Have Shifted the Landscape   As you consider your options for financing your new or existing home, one of the key decisions you'll face is choosing between a fixed or variable mortgage rate. This decision hinges on your financial goals and your comfort with risk. A fixed-rate mortgage offers predictability and stability, giving you the peace of mind that your payments won’t change over the term of your mortgage. However, if you’re open to a bit more risk in exchange for potential savings, a variable-rate mortgage might be worth considering ..read more
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What Will It Cost to Break Your Mortgage? Understand the Penalties!
The Real Estate and Mortgage Show
by Walter Monteiro
1M ago
Thinking about breaking your mortgage to take advantage of lower interest rates? Before you make a move, it's crucial to understand the costs involved! In this video, we'll explain the penalties you might face, including the difference between breaking your mortgage with a big bank versus a monoline lender. Learn about: - The standard penalties for breaking a fixed-rate mortgage. - How interest rate differential (IRD) penalties are calculated differently by banks and monoline lenders. - Why working with a mortgage broker can save you thousands in penalties.   We'll also show you a real-wo ..read more
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Unlocking The Dangers Of Unconditional Offers - What You Need To Know!
The Real Estate and Mortgage Show
by Walter Monteiro
2M ago
Receiving multiple offers on your property can be exciting, but it's essential to stay grounded and make informed decisions. In this video, we'll discuss the pros and cons of accepting unconditional offers and why you should always verify a buyer's financial capacity. Learn why a strong deposit is crucial and why you shouldn't automatically dismiss conditional offers. Make sure your sale goes through smoothly with these expert tips!" Thank you for watching. Let us help you with your real estate and mortgage needs. We serve the Cambridge, Kitchener, Waterloo, Guelph and Brantford areas. Check o ..read more
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Changing your list price. Is it time?
The Real Estate and Mortgage Show
by Walter Monteiro
2M ago
Changing your list price. Is it time? Struggling to sell your property? In this episode of our Real Estate Insight Series, we dive into what steps to take when your listing isn't getting the attention it deserves. If weeks have passed without a serious offer—or worse, seven days without a single showing—it's a clear sign that something needs to change. We explore: - Market Trends: Understanding seasonal fluctuations and how they affect buyer activity. - Common Pitfalls: Why raising your price might deter potential buyers. - Key Factors: Assessing the condition, exposure, and pricing of your pr ..read more
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Why Waiting For Lower Interest Rates Could Cost You More
The Real Estate and Mortgage Show
by Walter Monteiro
2M ago
Are You Waiting for Interest Rates to Drop Before Buying Your Next Home? Think Again. If you’re holding off on buying your next home because you’re waiting for interest rates to drop, it might be time to reconsider. While it’s natural to want the best deal, waiting for rates to decrease could end up costing you more than you think. Here are five reasons why acting now might be a smarter move. 1. Market Timing Is Unpredictable Trying to time the market is like predicting the weather—it’s nearly impossible. By holding out for lower rates, you might miss out on finding the perfect home. Meanwhile ..read more
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Should You Sell or Stay? Comparing Condos vs. Reverse Mortgages for Canadians
The Real Estate and Mortgage Show
by Walter Monteiro
3M ago
Should You Sell or Stay? Comparing Condos vs. Reverse Mortgages for Canadians When it comes to making the most of your home’s equity, many Canadians, especially empty nesters, face an important decision: should you sell your home and downsize to an apartment or condo, or should you stay put and access your equity through a reverse mortgage? Let’s take a closer look at both options to help you decide which might be best for you. **Option 1: Selling Your Home and Moving into a Condo or Apartment** Selling your home to move into a condo or apartment can be appealing if you’re looking to downsize ..read more
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