Mortgage Intelligence - Kimberly SinghSurviving and Thriving: Your Mortgage Blueprint for 20 3.7What's the prepayment penalty? If you ever need to get out of yourCanadians are definitely talking about the housing market-what do the newmortgage rules means is this the righttime to buy, have mortgage rates bottomedmortgage early, the right mortgage could save you thousands! Not all lendersout, is a lender's renewal offer the best available, and on and on! For many, itcalculate penalties the same way, and the differences can be substantial. It helpsfeels like some uncertain times ahead. 0ften it's just a few sensible strategies to know which lenders have the most fair prepayment penalties and I've got thatthat can help you survive and thrive in the current climate:information at my fingertips.Take care of your credit.It's so important to have good credit behaviours soChoose low-interest debt. Whatever your need might be-paying down high-interestyou always qualify for the best mortgage rate. Pay your bills on time. Don't letdebt, funding education, a large purchase, investments, or renovations, your mortgageyour credit accounts exceed 50% of the credit available. Before you cancel any credit might be your most cost-effective financing option, if you have enough home equity.cards, get advice. And don't apply for a store card just to save on your purchaseIf you bought your first home in 2016: you may be able to take advantagethat day!of the $5,000 non-refundable Home Buyer Tax Credit amount, which providesLet renters help pay your mortgage. A home with a rental suite can beup to $750 in federal tax relief. Not sure if you quality, ask!a great option for homebuyers, especially if the area you love is pricey oryou don't want to buy a condo at a lower cost, lt's also a great option for existingMore tips to come next week!homeowners looking to lower their mortgage payment.Kimberly SinghStaci JamesMortgage AgentAMP Mortgage AgentMORTGAGEINTELLIGENCE905.864.1365905.299.8492KimberlySingh.castacijamesmortgages.com
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