ANAMIKA SHAH

Residential Mortgage & Gross Debt Service (GDS) Ratio Generally, one is considered a prime candidate for a mortgage if credit score is 680 and above. The higher one can get above 700 the better, as one may be qualified to access lower rates. Now, beyond the Credit Score, there are several Qualification Criteria, where one of which is the Gross Debt Service (GDS) Ratio. Yet, what is the GDS Ratio?! Simply put, Gross Debt Service (GDS) Ratio is the percentage of a person or household’s gross monthly income that goes to pay the mortgage principal and interest, property taxes and heating costs, plus 50% of any condominium maintenance fees or 100% of the annual site lease for leasehold tenure, if applicable. And, to qualify for a mortgage, depending on the lender, the borrower’s GDS Ratio must be at or below 35 or 39%. Additionally, for the advice, and Comprehensive, Tailored, and Competitive New & Refinancing Residential Mortgage Solutions via Multifaceted, and Multisource Network of Lenders, be sure to reach out to me. Also, with the built-in flexibility for English, French, Spanish, Hindi and Chinese Languages, please do not hesitate to download My Personal Mortgage APP, and get access to all premium tools, including the following ones, to help you with planning for your Residential Mortgage, and be able to reach out to me directly with questions, and for advice & solution: For my mobile app: Option 1: access via https://lnkd.in/g8ttmhB8 Option 2: access via my website: www.marjanbozorgi.ca - Calculate your total cost of owning a home - Estimate the minimum down payment you need - Calculate Land transfer taxes and the available rebates - Calculate the maximum loan you can borrow - Stress test your mortgage - Estimate your Closing costs - Compare your options side by side - Search for the best mortgage rates - Email Summary reports (PDF) Marjan Bozorgi, Mortgage Agent Level 1 TLC Mortgage Group, Licence# 12988 cell: 416 . 602 . 8022 e-mail: [email protected] mobile app: https://lnkd.in/g8ttmhB8 Mortgage Application: https://lnkd.in/g-K8YFKD website: www.marjanbozorgi.ca #mortgageadvice #mortgagespecialist #mortgageadvisor #residentialmortgage #mortgagerates #mortgagerenewal #mortgagefinancing #interestrates #mortgageinterestrates #mortgagecalculator #mortgagebrokers, #mortgagelending, #mortgagesolutions #banking #realestateinvestment #mobileapp #mobileapps #mortgageapp #mortgagemobileapp #lendingsolutions #lenders #canadianmortgages #ontariomortgages #realestatefinance #realestatemarket #firsttimehomebuyer #mortgageprotection #mortgageprotectionplan #selfemployed #selfemployedmortgage

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The CHIP Reverse Mortgage; Facts versus Fictions! Among many Common Misconceptions about the Reverse Mortgage, one concern is that: What if a home sells for less than the mortgage balance?! This is extremely rare. And, for a Reverse Mortgage, the Financiers never lend more than 55% of the home’s value for this reason. Also, over the past 30+ years, 99% of Reverse Mortgage holders have had equity left in their home; on average, this equity amounts to 60%. In general, escalating Real Estate value boosts the equity in the house, reducing the impact of interest charged to the mortgage principal. The homeowner keeps all the equity remaining in the home. That equity depends on the amount borrowed, the value of the house, and the time that has passed since the Reverse Mortgage was taken out. Also, here are other Common Fictions about the Reverse Mortgage: • With a Reverse Mortgage, You No Longer Own Your Home • You Will Owe More Than the Value of Your Home • Reverse Mortgages are Expensive • Reverse Mortgages Have Higher Interest Rates • You Can't Pass on Your Home So, as a Certified Reverse Mortgage Specialist, with your questions, don't hesitate to reach out to me. Additionally, for the advice, and Comprehensive, Tailored, and Competitive New & Refinancing Residential Mortgage Solutions via Multifaceted, and Multisource Network of Lenders, do not hesitate to contact me directly. Also, with the built-in flexibility for English, French, Spanish, Hindi and Chinese Languages, download My Personal Mortgage APP, and get access to all premium tools, and be able to reach out to me directly with questions, and for advice & solution: - Calculate your total cost of owning a home - Estimate the minimum down payment you need - Calculate Land transfer taxes and the available rebates - Calculate the maximum loan you can borrow - Stress Test your mortgage - Estimate your Closing costs - Compare your options side by side - Search for the best mortgage rates - Email Summary reports (PDF) For my mobile app: Option 1: via https://lnkd.in/g8ttmhB8 Option 2: via my website: www.marjanbozorgi.ca Marjan Bozorgi, Mortgage Agent Level 1 TLC Mortgage Group, Licence# 12988 cell: 416 . 602 . 8022 e-mail: [email protected] mobile app: https://lnkd.in/g8ttmhB8 Mortgage Application: https://lnkd.in/g-K8YFKD website: www.marjanbozorgi.ca #mortgageadvice #mortgagespecialist #mortgageadvisor #residentialmortgage #mortgagerates #mortgagerenewal #mortgagefinancing #interestrates #mortgageinterestrates #reversemortgage #CHIP #HELOC #Downsizing #mortgagecalculator #mortgagebrokers, #mortgagelending, #mortgagesolutions #banking #realestateinvestment #mobileapp #mobileapps #mortgageapp #mortgagemobileapp #lendingsolutions #lenders #canadianmortgages #ontariomortgages #realestatefinance #realestatemarket #firsttimehomebuyer #mortgageprotection #mortgageprotectionplan #selfemployed #selfemployedmortgage #stresstest #mortgagestresstest

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while islamic banking & halal mortgages are popular in the middle eastern and asian and african continent where new markets with targeted segments were identified, it has also resulted in increasing competition and benefiting the consumers. it will be interesting to see how the top 5 canadian banks would pivot some of its revenue models and venture into unexplored waters https://lnkd.in/e8ybRf_e

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For homeowners and prospective buyers in Canada, the interest rate cut is welcome news – but what does it really mean for you? Whether you’re looking to buy your first home, on track to renew this year or have a variable rate mortgage, the current interest rate environment matters. Here, we explore the impact of the interest rate cut on Canadians already in or about to enter the real estate market.

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Are you a newcomer wondering how to build credit in Canada? Having good credit will significantly help you get a phone plan, rent a house, and even finance a car. We spoke with one of our talented Financial Advisor’s to learn what credit is, why it’s important and how you can start building your score today!

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After getting accepted, the next step is making a plan to pay your way through medical school. Check out the three common ways to help pay med school tuition and how they can help fund your education. #RBCHealthcare https://bit.ly/46QlNBh

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After You Buy! Specially related to First-Time Homebuyers; considering the purchase a serious investment; now that you have finished signing your mortgage paperwork & getting the keys to your first home, there are a few things to keep in mind to protect your investment & ensure its financial success! • Maintaining your home and protecting your investment; where it is up to you to take care of your home and protect what is likely your biggest investment. • Making your mortgage payments on time; specially, when there are many options when it comes to mortgage payment frequency, by always making your payments on time, considering that late or missed payments may result in charges or penalties, and they can negatively affect your credit rating. • Planning for the costs of operating a home; where you will have several ongoing costs besides your mortgage, property taxes and insurance. • Living within your budget; by preparing a monthly budget and sticking to it, while taking a few minutes every month to check your spending and see if you are meeting your financial goals. • Saving for emergencies; via setting aside an emergency fund of about 5% of your income every year so you’ll be prepared to deal with unexpected expenses. So, if running into any issues, or concerns, and with your questions, don’t hesitate to reach out to me. Additionally, for the advice, and Comprehensive, Tailored, and Competitive New & Refinancing Residential Mortgage Solutions via Multifaceted, and Multisource Network of Lenders, do not hesitate to contact me directly. Also, with the built-in flexibility for English, French, Spanish, Hindi and Chinese Languages, download My Personal Mortgage APP, and get access to all premium tools, and be able to reach out to me directly with questions, and for advice & solution. For my mobile app: Option 1: via https://lnkd.in/g8ttmhB8 Option 2: via my website: www.marjanbozorgi.ca Marjan Bozorgi, Mortgage Agent Level 1 TLC Mortgage Group, Licence# 12988 cell: 416 . 602 . 8022 e-mail: [email protected] mobile app: https://lnkd.in/g8ttmhB8 Mortgage Application: https://lnkd.in/g-K8YFKD website: www.marjanbozorgi.ca #mortgageadvice #mortgagespecialist #mortgageadvisor #residentialmortgage #mortgagerates #mortgagerenewal #mortgagefinancing #interestrates #mortgageinterestrates #reversemortgage #CHIP #HELOC #Downsizing #mortgagecalculator #mortgagebrokers, #mortgagelending, #mortgagesolutions #banking #realestateinvestment #mobileapp #mobileapps #mortgageapp #mortgagemobileapp #lendingsolutions #lenders #canadianmortgages #ontariomortgages #realestatefinance #realestatemarket #firsttimehomebuyer #mortgageprotection #mortgageprotectionplan #selfemployed #selfemployedmortgage #stresstest #mortgagestresstest

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Top Strategies for Buying Your First House and Boosting Income Discover unique ways to enter the housing market and generate additional income. Explore options like renting garages and buying property with friends. Start building equity and secure your future. Don't limit yourself to conventional methods. Get creative and make the most of your investment. #FirstTimeBuyer #InvestmentOpportunities #IncomeGeneration #HousingMarketTips #RealEstateOptions #RentalIncomeIdeas #PropertyInvestment #EquityBuilding #SmartInvesting #FinancialSecurity

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Opportunity in Brantford

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Do you know what is a 2nd Mortgage? How does it even work? Do watch! We are helping provide 2nd mortgages at 10% rate in Toronto and the GTA. Wasah Malik Iwillgetumortgage Services Ltd # 13345 Mortgage Agent Level 2 LIC # M14001265 Direct Private Lender . .#aldridgewealthmanagement fixerupper #fixandflip #realestate #investmentproperty #lending #privatelender #hardmoney #hardmoneylender

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