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Thursday, October 19, 2023   /   by Evelyn Lopes

How to Use Your Investments for Easier Mortgage Approvals- BMO Savers Mortgage

Unlock Financial Flexibility with BMO's Saver's Advantage Program: An Overview
Navigating the maze of mortgage approval can be a challenge, especially if you find that you don’t fit neatly into standard lending criteria. Whether you’re a retiree, self-employed, or a high net-worth individual, BMO’s Saver’s Advantage Program may be the solution you’ve been searching for. In today’s blog post, we will provide an overview of this revolutionary program that leverages your investments and savings to make mortgage approval easier than ever.
What is the Saver’s Advantage Program?
The program is designed for those who may not meet standard lending conditions but have a strong portfolio of savings and investments. Instead of shutting the door on these clients, the Saver's Advantage Program offers a pathway to mortgage approval by acknowledging these assets.
The Power of Indirect Leverage
One of the cornerstones of this program is the concept of ...

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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, May 19, 2020   /   by Evelyn Lopes

20 Ways to Save Money and Stretch Your Household Budget

These days, it seems like everyone’s looking for ways to cut costs and stretch their income further. Fortunately, there are some simple steps you can take to reduce your household expenses without making radical changes to your standard of living. When combined, these small adjustments can add up to significant savings each month.
 
Here are 20 things you can start doing today to lower your bills, secure better deals, and begin working toward your financial goals.
 
Refinance Your Mortgage - For prime borrowers, mortgage rates are at or near historic lows. Depending on your current mortgage rate and the terms you choose, refinancing could save you a sizable amount on your monthly payments. There are fees and closing costs associated with refinancing, so you’ll need to talk to your lender to find out if refinancing is a good option for you.
 
Evaluate Your Insurance Policies - If it’s been a while since you priced home or auto insurance, it may/ ...

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