Alta West Capital’s Post

A newlywed couple, Justin and Kylie, were eager to purchase their first home together before their apartment lease renewal in Toronto, ON. They found the perfect starter home in a great location, but time was not on their side. With the pressure of avoiding another year of rent and the risk of losing their dream home to another buyer, they needed to secure financing quickly. However, despite their stable incomes, traditional lenders turned them down due to high Debt Service Ratios and a few blemishes on their credit report. Running out of time and options, they went to a licensed mortgage agent and they turned to Alta West Capital for a solution. 𝐓𝐡𝐞 𝐀𝐥𝐭𝐚 𝗪𝐞𝐬𝐭 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐄𝐱𝐩𝐫𝐞𝐬𝐬 𝐅𝐢𝐫𝐬𝐭 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧: Alta West Capital assessed Justin and Kylie's situation, recognizing their potential beyond the conventional metrics used by traditional lenders. By utilizing the Express product’s streamlined process, they approved and funded the deal within a week. With an attractive 6.99% interest rate, flexible 24-month term, and financing up to 75% of the property value, Justin and Kylie moved into their new home without the financial strain of high rent or the pressure of an apartment lease renewal. The Express product proved ideal for clients like Justin and Kylie, who need quick, customized solutions. 𝐀𝐥𝐭𝐚 𝗪𝐞𝐬𝐭 𝐂𝐚𝐩𝐢𝐭𝐚𝐥⁣⁣ 𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐏𝐨𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬, 𝐓𝐨𝐠𝐞𝐭𝐡𝐞𝐫⁣⁣ Contact our Sales Team Today! Ryan Joseph - AB & BC BDM: 403-928-5436 ryan@awcapital.ca Shari Countryman - ON South Western BDM: 437-448-9465 shari@awcapital.ca Sarah Lakhani - ON North Eastern BDM: 647-705-9480 sarah@awcapital.ca Armando Diseri - Chief Sales Officer: Agent, Level 2 647-915-1932 armando@awcapital.ca awcapital.ca Mortgage Brokerage License #12633 | Mortgage Admin License #12634 #AltaWestCapital #UnlockingPossibilitiesTogether #Mortgages #MortgageLender #Canada #MIC #Mortgage #AlternativeMortgages #AlternativeLending #AlternativeLender #PrivateLender #PrivateMortgage #PrivateLending #CanadianMortgages #CanadianMortgage #CanadianLender #Alberta #BritishColumbia #Ontario #Toronto #Calgary #Vancouver #MortgageBroker #MortgageAgent #MortgageIndustry #HELOC

Ten Important Real Estate and Mortgage Issues in the Greater Toronto Area After the COVID-19 pandemic, global financial markets underwent significant changes. In Canada, this has been reflected through inflation, rising costs, and fluctuating interest rates, all of which have greatly impacted the cost of living. As a result, the Greater Toronto Area has now become one of the most expensive cities in the world. Through our interactions and feedback from clients, we’ve identified several key issues that you might be facing right now: 1-Is your mortgage payment now higher than your rental income, and you’re looking for a solution? 2-Are you thinking of selling your home but are still determining if you can get your desired price in the current market? 3-Are you one of those individuals who, due to the current economic situation, is renting out your basement or a portion of your home for the first time but are worried about the complex landlord-tenant laws and unsure of the terms? 4-Is your mortgage term coming up for renewal soon, and you’re concerned about renewing at a higher interest rate? 5-Do you want to buy a property and have everything ready but are held back by a low credit score? Have you pre-purchased a condo that will be ready for occupancy in a few months, but you’re not financially ready for the closing and are considering assigning it to someone else? 6-Is your property listed on the market, but you’re not sure why it’s not selling? 7-Do you want to sell your property quickly to take advantage of the current market conditions and buy a better home, but your house needs repairs, and you don’t have the budget for renovations? 8-Are you looking to sell your home or business, but for personal reasons, you don’t want your neighbours or competitors to know and want to sell it privately? 9-Do you have a private mortgage with a high interest rate and are looking to pay it off or replace it with a new mortgage at a lower rate? 10-If any of these 10 issues resonate with your current situation or that of someone you know, contact us today. We have a team of expert advisors and investors ready to help you with practical, fast, and cost-effective solutions. We believe that every problem can be solved with a workable solution if hope and belief are part of the process Omid Mostafavi, OMO Team real estate

Serena and Philip, a newlywed couple from Woodbridge, Ontario, were excited to start their journey toward homeownership. As they searched for the perfect place to call home, they encountered a common challenge faced by many young couples: while they had good credit, their slightly elevated TDS and a gifted down payment that made traditional lenders hesitant to approve their loan application. To overcome these hurdles, their mortgage broker recommended Alta West Capital's Flex 80 Product as a viable solution. 𝐓𝐡𝐞 𝐀𝐥𝐭𝐚 𝗪𝐞𝐬𝐭 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐅𝐥𝐞𝐱 𝟖𝟎 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧: The Flex 80 First Mortgage product was specifically designed to meet the needs of first-time homebuyers like Serena and Philip. Unlike conventional banks, which often have lengthy approval processes, Alta West Capital provided a quick and efficient solution. This allowed Serena and Philip to secure the necessary funds in time for their closing date, ensuring they didn't miss out on their dream home. Serena and Philip confidently pursued their dream of homeownership. The Flex 80 not only met their immediate financial needs but also laid a strong foundation for their future in their new home together. 𝐀𝐥𝐭𝐚 𝗪𝐞𝐬𝐭 𝐂𝐚𝐩𝐢𝐭𝐚𝐥⁣⁣ 𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐏𝐨𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬, 𝐓𝐨𝐠𝐞𝐭𝐡𝐞𝐫⁣⁣. Contact our Sales Team Today! Ryan Joseph - AB BDM: 403-928-5436 ryan@awcapital.ca Shari Countryman - ON South Western BDM: Agent, Level 1 437-448-9465 shari@awcapital.ca Sarah Lakhani - ON North Eastern BDM: Agent, Level 1 647-705-9480 sarah@awcapital.ca Armando Diseri - Chief Sales Officer: Agent, Level 2 647-915-1932 armando@awcapital.ca awcapital.ca Mortgage Brokerage License #12633 | Mortgage Admin License #12634 #AltaWestCapital #UnlockingPossibilitiesTogether #Mortgages #MortgageLender #Canada #MIC #Mortgage #AlternativeMortgages #AlternativeLending #AlternativeLender #PrivateLender #PrivateMortgage #PrivateLending#CanadianMortgages #CanadianMortgage #CanadianLender #Alberta #BritishColumbia #Ontario #Toronto #Calgary #Vancouver #MortgageBroker #MortgageAgent #MortgageIndustry

Monday Mortgage Memo💡 First Time Landlord case study 💼 The Key Facts 📒 Customer came to me advising they had left their job last Year and were wanting to become a full time professional landlord. They had identified their first property to start building a Buy to Let portfolio and wanted to understand how to secure a Buy to Let mortgage. They had received specialist Tax Advice from our in-house team of Property Tax Experts. Their concerns? 🤔 How will I be able to secure a mortgage with no income? What will they use to assess affordability? Will the mortgage need to be with a partner with background income? The Solution 🤓 A high street lender was able to assess affordability using the market rental confirmed by the valuer. A credit search was conducted to ensure there was no background adverse credit. Loan affordability confirmed they could secure a 75% LTV mortgage. As they were an existing homeowner, the lender did not require provable income. Due to their partner having sufficient income to cover their personal home commitments, there were no debt to income ratio concerns raised by the lender. The Conclusion 🔎 Lenders all have different criteria. Even if you think your circumstances will prevent you from securing a mortgage, pick up the phone, talk with a broker. We deal with unique scenarios on a daily basis, there is a good chance we could have seen a similar case before and can be on hand to find you a suitable lender. If you are a first time landlord or a seasoned professional struggling to secure funding, email me at mortgages@calculateduk.com or call me on 01904 948860 (option 2 for mortgages), and see how we can look to secure you a mortgage with tailored advice and quotes to match your circumstances. #property #mortgages #bankofengland #firsttimelandlord #buytolet #propertyinvestment

"Owning a home isn't just a financial move—it's an emotional journey," says one of our experts. Before taking the plunge into the Australian property market, consider these key questions: -Affordability: Can you comfortably manage the deposit and ongoing mortgage payments? -Income Stability: Is your income steady enough to handle long-term commitments, even if interest rates rise? -Long-Term Plans: Are you planning to stay in one place for the next 5+ years? -Hidden Costs: Are you prepared for the additional expenses and maintenance that come with homeownership? Feel free to share your thoughts or experiences in the comments below! #HomeLoanExperts #AustralianProperty #HomeBuyingTips

🏡 Rent or buy? Weigh your options and make the right move in today’s market! #RentVsBuy #PropertyMarket #MortgageAdvice #RealEstate #FinancialPlanning #HomeOwnership

"Embarking on the journey of homeownership is a thrilling yet complex adventure, especially for first-time buyers. The process involves a series of carefully orchestrated steps that require patience, diligence, and a clear understanding of the road ahead. In this comprehensive guide, we unravel the intricacies of the home buying process, offering first-time buyers a roadmap to navigate the path to their dream home." Continue to read "What Steps Are Included in the Home Buying Process for First-Time Buyers?" By clicking this link.... https://lnkd.in/d-mtUych #mortgage #mortgageloan #mortgagerates #mortgagebroker #homevalues #Refinancing #downpayment #loan #credit #lenders #preapproved #homevalues #1stEagleMortgage Northbrook Chamber of Commerce

Preparation is key to put you in the best position to negotiate a successful offer on your next home. Here are some steps that will get you there... Get a Credit Check Any potential lender will first look at your credit report before approving you for a mortgage. Make sure that there are no errors, and get your credit in order before approaching a lender – this will ensure that you are in a good position to qualify for the best rates. Know your Budget Your total monthly housing costs should not be more than 39% of your total gross house hold income. This percentage is also known as your Gross Debt Service (GDS). When you calculate housing costs be sure to include mortgage payments, property tax, heating, and 50% of condo fees. Saving for a Down Payment If your credit is in good shape you may be able to purchase a home with a down payment of 5% of the purchase price of your home. Here are some strategies that may help you save for that down payment. Take a look at your budget and see what expenses can be cut -Pay down any high interest debt -Automate your savings, making monthly deposits into a separate account -Get a roommate to reduce costs. -Investigate what government programs available to help home buyers Get Pre-Approved for a Mortgage These are some of the documents that you may have to provide to get mortgage pre-approval from a bank or a mortgage broker. -Photo Identification -Paystubs -Letter of Employment showing position and length of time with employer -Notice of assessments from the last 2 years from the Canada Revenue Agency (if self-employed) -Bank or financial statements showing amounts for down payment and closing costs are available Find a Realtor Given the significant investment you are about to make, it's crucial to work with an agent who is as committed to your needs as you are. With our experienced team of agents, you can feel confident that we will help you find the perfect home and guide you through the entire home buying process. 👉Give me a call, I would love to talk to you about how I can help you find your next home! Patricia Gibson, Sales Representative www.kwhomessold.com Team Home Realty Brokerage #StepstoPurchasingAHome #KitchenerRealEstate #KitchenerHomes #WaterlooHomes

Tips for Buying Your First Home in California in 2024 #bpfunding #teamMikeTrejo #mortgage #mortgages #homeloanspecialist #mortgagetips #mortgageadvice #loanofficer #carealestate

Ron Butler, a #Toronto-based #Mortgage broker with Butler Mortgage | FSRA Lic. #12118 Inc., says for the first 15 years of his career he almost never worked with solo buyers. That’s since changed, which he attributes largely to young #Canadians with #RealEstate FOMO (fear of missing out). #Investing #Housing #Realtor #property #REINCanada #CRE #Ontario #realestatebrokerage #investmentproperties #propertyinvestment #realestatedevelopement #internationalrealestate #propertyinvestors #construction #realestateconstruction