Mortgagenomics Canada

How mortgages will play a key role in how Canada's financial system rebounds in the post-COVID era. Ready or not, here we go. Key points: 8 weeks in isolation and the resulting impact on mortgage qualification and Canada's financial system Canada's life saver...our general conservative nature (move ahead with caution approach) yesterday's compromises will be today's tools everything is political.....

Key points: behind the scenes with (COVID19) appraisal procedures and value determination understanding the impact of loan-to-value ratios on your mortgage qualification preparation for your appraisal during COVID19 real estate value trends since COVID outbreak act now, or later? listen to the episode for more details! ALSO INCLUDED: past Marko-Gelo-Garage-Band creations Guest Contact:  No Gu...

Key points: access to fully discounted interest rates - not POSTED RATES ability to move to another lender without penalty option to change the terms and features of your new mortgage option to pay off any lingering debt without incurring any break fees how to become fully optimized and prepared for your mortgage renewal with minimal effort listen to the episode for more details! ALSO INCLUDED: a...

Key points: when bond yields go down, mortgage rates are supposed to follow...not these days if Prime Rate goes down, do fixed rates also go down? where are interest rates in Canada headed? What is the "Bank of Canada" and what is its purpose? how to capture the best interest rate for your upcoming mortgage renewal listen to the episode for more details! Guest Contact:  No Guests Marko Gelo G...

Key points: YES - most Canadian banks are making the ability to defer your mortgage payments available for eligible applicants YES - the ability to defer for UP TO 6 months seems to be the generally promoted tenure of deferring your payments YES - for those that are anticipating hardship, you need to inquire and apply with, or at the very least inform your lender that you may possibly be defaultin...

Subtitle 4 reasons to use a mortgage broker Summary Key points: the Big 5 Banks in Canada...how many other lenders are there? 4 reasons to use a mortgage broker: (i) there's always a Plan B (ii) engage lenders to compete for your business (iii) interpreting the fine print of all lenders (iv) you won't know what you don't know and much more.. Guest Contact: n/a Marko Gelo Garage Band Sessions:&nbsp...

Key points: average Canadian owes $1.78 for every $1 earned what happens to your credit when: you are behind in payments, your credit card is max'd reach out for a consultation sooner than later - when it comes to credit, time is always of the essence applications and examples of consumer proposals you can still qualify for a mortgage if you had a consumer proposal or even if you've been bankrupt...

Key points: what does "remediated grow op" mean? how do you know if you are buying a property that was once a marijuana grow op? will banks approve your mortgage if your property was previously a grow op? growing marijuana is legal, does that mean your tenant can do so? home insurance and legalized marijuana legislation...what to be aware of and much more.. Contact John Darel (Realtor, Maxwell Can...

Key points: which party's housing affordability appeals to you most? verifying the source of your down payment - what do the banks expect? what if Bank of Mom & Dad contribute towards my down payment? how long must you have ownership of your down payment proceeds before you move in? money can be transferred into Canada from around the world (for mortgage down payment purposes) EXCEPT three cou...

A short talk about the newly launched First Time Home Buyer Incentive program in Canada. Key points: how does it work? how do you qualify? where do you apply? Canada only program For more details about FTHBI: https://www.placetocallhome.ca/fthbi/first-time-homebuyer-incentive Marko Gelo Garage Band Sessions:  (produced and performed my Marko) the opening track features a piece called " Krypto...

Key points: summary of economic and political factors that surround Calgary life after the provincial election (April 2019) impact of reduced big oil/gas private investment new legislation/bills directed at reviving the economy Calgary inventory stats...19% decrease in listings (year over year) Active buyers on the rise (buyers market) Popular Mortgage Product/Strategy in Calgary: the Purchase+Imp...

Key points: 3 main points lenders zone in on when adjudicating your income for a mortgage: Is your income taxed at source? Is your employment & Income guaranteed? Employment Tenure MarkoMusic tracks:  (produced and performed my Marko) the opening track features a piece called " BrokenRingFinger " (distorted guitars with Phaser effects, 4-part progressive harmony, upright studio bass, synt...

When it comes to mortgages, there are two charges that a bank can apply to your land title. This episode explains the key differences between a standard and collateral charge mortgage. Key points: standard charge mortgages are the most common charges collateral charges are re-advancable and non-transferrable be cautious about taking the path of least resistance when it comes time to renew your mor...

Lenders have absolutely no motivation or desire to explain how YOU can pay off THEIR mortgages sooner. This episode explains the key methods that you can implement right now and put yourself on a (much) quicker path towards mortgage freedom. The following is discussed in this episode: lump sum payments and the impact they have on your mortgage principle increasing your mortgage payment, even by $2...

There are a lot of illegitimate (crappy) mortgage pre-approvals out there...make sure yours isn't one of them. The following is discussed in this episode: the client interview (application process to qualify for a mortgage pre-approval) signs of a illegitimate mortgage pre-approval how to avoid getting a illegitimate pre-approval what should your mortgage pre-approval include the key points/items...

Discussion on the sequence of (critical) events leading up to the subjects removal date of your real estate contract. Hosted on Acast. See acast.com/privacy for more information.

The following is discussed: Mortgage Programs for 1st time and repeat home buyers: Minimum Down Payment Purchase Plus Improvement Mortgage (apply for a renovation supplement to your mortgage the day you make an offer on a home) Self Employed Applicants...are they treated differently? New To Canada: mortgages for new Canadian Citizens, Permanent Residents, or Non-Permanent Residents Non-Mortgage Pr...

Risk factors that influence mortgage qualification guidelines Hosted on Acast. See acast.com/privacy for more information.

INTRO:  What really goes on when you pick up the phone, go online, or walk inside a bank and ask, "what's your best 5 year rate?" (or any other rate for that matter). If you haven't noticed by now, the answer to that question from your mortgage broker or banker has gotten very confusing and at times either misleading or simply mistakenly quoted. To be fair, there are many brokers an...

Podcast Notes: Interview with Tony Spagnuolo Spagnuolo and Company: BCs (and probably Western Canada’s) largest residential real estate and conveyancing law firm.  Established in 1995, offices everywhere. Terra Firma:  a service that has spawned from Spagnuolo and Companys’ countless land title experiences over the years.  Terra Firma was formed 2 years ago with the primar...

(May 20, 2018) In this episode we talk with John Darel  of Maxwell Canyon Creek Calgary on the various factors involved in determining a homes list price. We also touch on importance of hosting open houses. To end off the segment we discuss home staging strategies and tips with Elysse Bulloch of Simply Stylish Staging. Podcast Notes: SEGMENT 1: Interview with John Darel and Ely...

Click Here for complete episode details. Hosted on Acast. See acast.com/privacy for more information.

A closer look in to applications and features of the Reverse Mortgage strategy. If you or anyone you know are over the age of 55, you should listen in. Click here for complete podcast transcripts. Hosted on Acast. See acast.com/privacy for more information.

Lisa Gordon of Macdonald Realty (in North Vancouver) discusses the real estate news and trends in North Vancouver. In Mortgage Minute, Marko talks about the key points on how to prepare yourself for a mortgage if you're self employed. For complete episode details, visit the episode blog . (Opening/Closing Music Track: "the cut", performed and produced by Marko Gelo) Hosted on Acast. See acast.com/...

New announcement from Nenshi and Calgary real estate outlook (March 22, 2018) Calgary council speeds up the process to get rental suite permits approved. Probably a good thing in the long run, but in the current state of things...pfft, whatever (rental vacancy currently at ~6.7% and still way too many unsold and soon to be converted rental condos). Spring has arrived, is Calgary's market good...