Refinance | Evelyn Lopes Realty Team_Blog

Monday, March 27, 2023   /   by Evelyn Lopes- Klarine

Refinancing, Mortgages & Money

Refinancing, Mortgages & Money
Welcome to another episode of Realty Bytes - Conversations on Real Estate and Lifestyle.With your host, Evelyn Lopes, and today’s special guest, mortgage agent Walid Mutahar. In this episode, they discuss mortgage financing and specifically, the topic of refinancing.

Refinancing can be an excellent option for homeowners looking to lower their monthly mortgage payments, access their home equity, or even shorten the term of their loan. But why would someone want or need to refinance? Well, there are several reasons. One of the most common reasons is to take advantage of lower interest rates. If you can lower your interest rate by even a half a percentage point, it can save you thousands of dollars over the life of your loan.

Another reason people refinance is to access their home equity. Home equity is the difference between the current market value of your home and the amount you owe on your mortgage. Refinancing can allow you to tap int ...

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Monday, March 20, 2023   /   by Evelyn Lopes

Expert Insights: Navigating Mortgage Fundamentals with Ease

Expert Insights: Navigating Mortgage Fundamentals with Ease
In this inaugural episode of Realty Bites, host, and realtor Evelyn Lopes of The Evelyn Lopes Realty team and iPro Realty Brokerage, introduces Walid Mutahar, a mortgage agent with Garland Mortgages.
Walid joins the podcast to discuss some of the fundamentals involved when a person is looking to get or change a mortgage. The conversation touches upon current national and local market conditions, how they impact buyers and sellers, and they provide tips and education on real estate and lifestyle topics. Walid also shares his insights on the mortgage market over the past year and where he thinks mortgages are heading this year. He notes that in 2021, rates bottomed out at close to zero, leading to skyrocketing prices as everyone tried to lock in low rates. However, in 2022, rates started to slowly creep up based on inflation numbers, with the Bank of Canada increasing the prime interest rate or key interest rate, which aff; ...

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Tuesday, January 3, 2023   /   by Evelyn Lopes

MORTGAGE OPTIONS

MORTGAGE OPTIONS

EP 74
Finances Knowing your Options_Times Change but money stays the same
One thing is true... Times change, but money stays the same

As the mortgage market continues to change, you will likely notice more advertisements for rates and programs that might sound too good to be true.

The financial industry is adapting and is offering more options than ever before. and some of the options are truly exciting!

New products have new rules that are designed to attract people in different phases of their life journey.
There are some new and revised products that you, or the people you care about , might hear about.

Reverse Mortgages
- is where there is a financial agreement in which homeowners use the equity in their home in exchange for regular payments to the lender. This type of mortgage is typically used when the borrower wants to supplement income- such as in the case of supplementing a retirement income.

Bank Statement Mortgage Loans
- . ...

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