Rental Properties

Banks can be very strict when deciding whether or not to finance a rental property. Most banks will only account for 50% of your rental income when qualifying you for your home. The large range of lenders we deal with have various different methods for calculating rental income. Some will accept up to 100% of your rental income, or only include 50% of your strata costs, etc. Working with a team who can help you find a lender who will maximize your rental income to help you qualify for the rental property you really want is extremely important.

Contact the SharieMarieMortgageTeam today to discuss your rental options.

End of your mortgage term?

A widely spread misconception about refinancing at the end of your mortgage term is that you are obligated to continue with your current lender. When your mortgage term expires, you are free to take your mortgage wherever you like. Just as you shop around for a rate when you purchase your home, you should shop around (or have us do it for you), when you refinance.

Three to six months before your mortgage expires is the ideal time to start working with us. We can take a look at your current situation, analyze rates and deals being currently offered, and find the best one for you. We are able to reserve the rate for you for up to 120 days. That way when your mortgage does expire, you are not stuck taking whatever rate the bank offers you because you are in a time crunch.

You can feel confident when working with a SharieMarieMortgageTeam Professional, you'll be getting the best rate and product for you!

Payment Frequencies

Are you paid Biweekly? Semimonthly? Why not pay your mortgage every time you're paid? Instead of going with the traditional monthly mortgage payment try switching to a more frequent payment schedule. This allows you to apply more of your payment to the balance, and less to interest.

For a $300,000 mortgage, at an interest rate of 4.00%, making Accellerated Biweekly payments instead of monthly allows you to pay off your mortgage in 29.7 years instead of 35! You would be mortgage free over five years sooner just by paying every second week instead of every month, which represents a savings of $84,104.64! Just for paying your mortgage more frequently.

The SharieMarieMortgageTeam will work with you to develop a plan like this one that will allow you to keep more of your money in your pocket.

Why work with a SharieMarieMortgageTeam Professional?

As with all mortgage professionals, we have access to a large number of lenders who each have their own products and rates. This allows us to essentially do the work for you when it comes to shopping for a mortgage. Rather than spend your time going bank to bank to find the best product for yourself, we'll take on the task to save you time. Plus, many of the lenders we deal with, don't deal with the general public, giving you more options than you even realized you had.

What sets apart the SharieMarieMortgageTeam from other brokers out there? Not only will we get you a great rate in a timely fashion, but we'll take the time to educate you on your mortgage. There's so much more to a mortgage than the rate, and many people still don't know this. Staying informed and having the knowledge to fully understand your mortgage can save you hundreds of thousands of dollars in interest over the lifetime of your mortgage.

What you're not taught costs you money, so let us teach you.