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Brent Richardson
Principal Mortgage Broker/ Owner, Certified Financial Planner (CFP®)
- Considered a Canadian mortgage thought leader: Get personalized pre-approval information and quotes for exclusive low mortgage rates – no fees, no hard credit check, no obligation. All application types are welcome.
- Over 16 years of industry experience with 1800+ mortgages personally approved: Get a fast 1 day approval, increase your approval limit, or lower your payment and rate. Get more options and better approval results.
- Certified Financial Planner (CFP®) credential: Complimentary advice to save on taxes, optimize wealth creation, become mortgage free and retire sooner.
- We’re determined to lower your rate and help make your approval a breeze: Clients save $1,000+ per year on average, or $25,000+ on average over the life of a mortgage.
Level Up Your Mortgage Game With a Certified Financial Planner (CFP®)
Home ownership and the mortgage may be the biggest part of your financial picture, and can play a major role in helping you reach your financial goals. Get advice to reduce interest costs, save on taxes and build wealth faster. Keeping your mortgage approval in focus, we can discuss the following at your option:
Wealth Accumulation
Optimizing wealth building strategies, even slightly, can have a major compounding effect over time. Conversations can include how to use your home equity more effectively, and how to build wealth more efficiently while becoming mortgage free sooner.
Estate Planning
The are few certain things in life, except for death and taxes. The government already has an estate plan for you, but you probably won't like it... Speak for your assets, save on taxes, and probate fees. Conversations may include purchasing a property tenancy in common vs joint tenancy, what to add or remove from a will or power of attorney, if a trust makes sense and more.
Protection Planning
Setbacks in life are inevitable. We hope the setbacks won’t be too big. But no matter what happens a good plan will have you covered.
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CDN bond yields popping on strong US jobs data will put the breaks on fixed mortgage rate drops for now
5 YR Fix mortgage rates hit 3.99%, and may trickle down a bit more in the next 2-3 weeks
However based on BoC neutral rate projections of approx. 2.5%, and stabilizing GoC Bond yield, we may be approaching a near term 5 Yr Fix bottom
Current odds of a Oct BoC cut 0.50 are 50%
Lets get our priorities straight...
Permitting massive population influx, while allowing for high barriers and taxes to build the required housing is absurd
High housing prices in this absurd environment is actually logical
And just like that we have 3.99% 5 YR Fixed Mortgage Rates
Just 9 months ago, the same rate was in the mid 5% range...
$INTC has had poor execution for the past 10+ years, but based on this weeks chip releases, there is a glimmer of hope for a turnaround
In fact, if $INTC is able to catch up as quickly as they have, it is plausible that they can keep going and re gain leadership in some areas
OSFI ends stress test on straight switch mortgages
This change adds no new risk to the lending system, and makes it easier for thousands of homeowners to shop for better rates at renewal time
OSFI says uninsured mortgages to no longer undergo stress test when switching providers
www.bnnbloomberg.caWhy housing prices are sticky
Ontario and the Cities NEED to cut the red tape and lower development taxes or this crisis will worsen
The govt has officially confirmed the new minimum down payment on $1 to $1.499 million homes:
• 5% on the portion of a purchase price up to $500k
• 10% on the portion between $500k and $1.5M.
That's ~$125k 💰 down on a $1.499M insured purchase
vs $300k ...💰💰💰 if uninsured.
Fixed mortgage rates extend their declines as Bond Yields un-invert, and 3 YR fix rates converge with 5 YR, eventually to drop lower than 5 YR
Chances of an Oct 23 0.50 BoC cut stand at 60% currently, and 40% chance of a 0.25 cut
VISIT: http://ALTRUA.CA for more
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We’re Ontario mortgage brokers serving clients the best mortgage rates in Ontario. We use encryption and high-level security to ensure your information and privacy always remain safe. Our approval process has been engineered from start to finish with you in mind, for a pleasant and enriching mortgage experience. Connect with us today and see the difference for yourself.