Behind the Scenes EMA Mortgage Podcast

Part-Time Up, Full-Time Down: Canada's Labour Market Shuffle Don’t be fooled… Pay attention to the details…The UNEMPLOYMENT Rate went down for the month of January, and Actual Employment numbers is UP… This may suggest Strong Economy and inflationary… While job report might initially appear positive, a deeper analysis reveals underlying weaknesses. The Bank of Canada is likely to maintain its current course… Remember for our Real Estate and Mortgage Industries, even though their are increases in Part Time Employment, the FULL TIME Employment number decrease is the number that matters to most of the Homebuyers… Raymond Daez Mortgage Broker/Team Lead 416 705 3239 Mortgage Alliance Lic# 10530

The Ripple Effect: Canada's Inflation Rate and Your Wallet Raymond Daez Mortgage Broker/Team Lead 416 705 3239 Mortgage Alliance Lic# 10530

Navigating the Unexpected Dip in Home Values Raymond Daez Mortgage Broker/Team Lead 416 705 3239 Mortgage Alliance Lic# 10530 #emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent #mississaugamortgage #miltonmortgage #haltonmortgage #georgetownmortgage #oakvillemortgage #investmentproperty #realestateinvestment

Can Mortgage Brokers Make $100k?… How? Is it hard to be a successful mortgage broker? Is being a mortgage agent stressful? What makes a good mortgage agent? What do top mortgage brokers make? How do mortgage brokers in Canada make money? Do RBC mortgage specialists make commission? How much does a Mobile Mortgage Specialist at TD make?

First off, Canada escaped entering a technical recession. Our Real GDP did fall by 0.3% in the third quarter, a revision in the second quarter numbers from negative to a positive growth of 0.3% prevented two consecutive quarters of decline, which is the standard definition of a recession. Raymond Daez Mortgage Broker/Team Lead 416 705 3239 Mortgage Alliance Lic# 10530 #emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent #mississaugamortgage #miltonmortgage #haltonmortgage #georgetownmortgage #oakvillemortgage #investmentproperty #realestateinvestment

🏠💡 Think Mom-and-Pop Investors Hurt the Housing Market? Think Again! Contrary to popular belief, Mom-and-Pop Investors are the backbone of our real estate, providing vital rental options and supporting local economies. They're not just investing in properties; they're investing in communities. Watch how mom-and-pop investors are positively shaping Canada's housing market! 🇨🇦🔑 Raymond Daez Mortgage Broker/Team Lead 416 705 3239 Mortgage Alliance Lic# 10530 #emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent #mississaugamortgage #miltonmortgage #haltonmortgage #georgetownmortgage #oakvillemortgage #investmentproperty #realestateinvestment

Raymond Daez Mortgage Broker/Team Lead 416 705 3239 Mortgage Alliance Lic# 10530

(1)How to get a Mortgage for a New Build Condo Assignment? (2) An assignment is a REAL ESTATE sales transaction where the original buyer of a property (the “assignor”) allows another buyer (the “assignee”) to take over the rights and obligations of the Agreement of Purchase and Sale by THE ORIGINAL BUYER (THE ASSIGNOR), before THE CLOSING on the property. The assignee is the one who ultimately CLOSES the deal with the BUILDER. ASSIGNMENT IS LIKE SELLING THE CONTRACT TO ANOTHER BUYER. THIS IS COMMON TO PREBUILT CONDOS AND HOMES. THE ASSIGNOR AND THE ASSIGNEE negotiate the terms of the Assignment Sale, such as the Assignment Purchase Price, Real Estate Deposit/s, and other costs. It is important to note that the Builder will need to signoff on this Assignment Sale. (3) DOCUMENTS NEEDED: (4) VALUE USED… TO the BUYER(Assignee): Assignment Purchase Price: Real Estate Deposit: Mortgage Approved/Required: Owed to the Builder Owed to the Assignor Other Costs TO the Original Buyer (Assignor): Original Purchase Price (with Builder) Assignment Sale Price (with Assignee) Profit as Capital Gains or INCOME Anticipated Cash on Hand after Sale… Dont forget that the Builder Deposits given by the Assignor/Original Buyer is signed over to the Assignee… Real Estate Deposit given by the Assignee goes to the Assignor/Original Buyer… VALUE USED… by the Lender…there are lenders will only use the lower of Original Purchase Price and Market Value… There are Lenders that use the lower of Assignment Purchase Price and Market Value… It is so important to distinguish because what value we use affects how much we can borrow… The LENDER WILL QUALIFY THE ASSIGNEE’S ABILITY TO AFFORD THE MORTGAGE, HIS OR HER CREDIT HISTORY AND AS MENTIONED BEFORE THE VALUE OF THE NEW BUILD CONDO. Dealing with a Mortgage Agent that can explain and advise you on the financial components of an Assignment Sale helps minimize your financial stress. An experienced Mortgage Agent can help you get that mortgage that funds the deal. #emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent

Mortgage Agent look at Penalty Calculations for Variable and Fixed Rate Mortgage (Both from Bank and Fair Penalty Lenders)

MAKE GOOD DECISIONS… (1) DON’T RUN OUT OF MONEY - A recession brings lower sales and therefore less cash… SMART DEBT MANAGEMENT IS IMPORTANT.. HOUSEHOLDS with high levels of debt are especially vulnerable during a recession. MANAGE YOUR CASHFLOW. (2) Make sure your financial plan is up to date. Plan ahead of the recessionary conditions. ... (3) Review your budget. ... (4) Fully fund your emergency savings or Just in Case Funds. ... (5) Pay down debt. ... Interest Rates rising and higher debts levels can take away from your cash flow… (6) Network and earn additional income. - Diversify your skill set… Add a rental unit… (7) Look at Your Investments - stock market will suffer… Savvy Investors with cash on hand have an opportunity to buy stocks and real estate at a discount… (8) Invest in Technology - Technology can make your business more transparent, more flexible, and more efficient. The second reason is that digital technology can help cut costs.

You have seen Mortgage Rate Increases and Your Expenses will continue to increase. You know it is a good idea to have a Household Budget but you don’t know where to start. Let me help.

If you are a buyer, The best time to buy was 15 to 20 yrs ago, but the 2nd best time is TODAY!!!

#emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent

A new Article from Canadian Mortgage Trend…”Fixed Mortgage Rates Are Rising. Are Variable Rates Next?” Inflation a growing concern - Canada’s headline CPI growth rose to a higher-than-expected annualized rate of 4.8% as of December record levels of inflation and high housing prices coincide with an anticipated economic rebound from the Omicron wave of the pandemic, some economists say. The latest interest rate forecasts Bond markets are now pricing in an 86% chance of a 25-bps rate hike at next Wednesday’s rate meeting, TD, RBC, CIBC are all predicting 3 rate increases in 2022 and another 3 rate increases in 2023… Scotiabank is looking at 4 rate increases in 2022 and another 4 rate increases in 2023… There is no reason to stress or panic… Message me here so we can schedule your Strategy Call… #emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent

Should you go BIG or SMALL with your Down Payment when Buying a House? Let’s discuss the right down payment amount for your purchase. #emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent

OSFI Leaves Mortgage Stress Test at 5.25% #emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent

David Gyurits (RVP Mortgage Alliance): My Relationship with Money Series! Please Welcome David Gyurits! Integrity - Unity, wholeness, honesty, ethics, morals… These are words I relate to our guest. What makes him special is that he is someone with Integrity and he is dedicated to his work. He used to be a top Performing Branch Manager at a Major Bank and now I know him as a mentor. He is currently a Regional Vice President at Mortgage Alliance. #emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent

Top 5 things to consider when selling your investment property (1) Lifestyle Goals Being a Landlord is real work - Do you feel that you dont want to do this anymore Take back your time to manage other things rather than your rental/s (2) Retirement Planning Should you keep the rental property for the Cashflow OR Cash In and enjoy the equity… Increased Value and Paying Down Your Mortgage. You may Use for Travel more, buy a boat OR really use it to cover your retirement Lifestyle. (3) Taxes 50% of the property’s capital gain is subject to tax. It will be added to your taxable income for the year you sell the property. Talk your tax accountant, as you may deduct the selling costs such as real estate commission, and legal fees. You may also deduct renovation costs. (4) Asset Allocation You may have used Real Estate Investing to DIVERSIFY your Investment Portfolio. You have to re-evaluate how selling your Investment property affects your overall Portfolio. (5) Investing the Proceeds After selling your Investment Property, how much do you want to reinvest, how much do you want to set aside to spend immediately, do you want to give some to your adult kids as Inheritance? For the last one, you may want to consult with your Estate and Tax Lawyer. Message me if you want an exit strategy on your Investment Property. #emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent

Top 3 Villains of the Canadian Housing Market. This has nothing to do with the Political Parties. Foreign Buyers, Investors that are Flipping Homes, Realtors with Blind Bidding #emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent