22 Nov

Rates Matter

Mortgage Tips

Posted by: Avaljit Sandhu

Rates

Rates Matter! Here’s Why You Should Pay Attention 💸

Mortgage rates can have a big impact on your monthly payments and the overall cost of your home. Here’s why staying updated matters:

📉 Lock in the Best Rate: A lower rate can save you thousands over the life of your mortgage.
⏳ Timing is Key: Rates fluctuate, so getting pre-approved ensures you lock in a competitive rate.
🔍 Shop Smart: Not all rates are created equal—let’s find one that fits your financial goals!
💡 Fixed vs. Variable: Understanding your options helps you make the right decision for your future.

Let me help you secure a mortgage rate that works for you. Whether you’re buying, refinancing, or just curious about today’s rates, I’m here to guide you every step of the way!

📲 Contact me for a personalized consultation.

#MortgageRates #HomeOwnership #SmartInvesting #MortgageTips #DominionLending #dlcmainstreamcommunity

22 Nov

Credit Clean Up?

General

Posted by: Avaljit Sandhu

Time for a Credit clean up ?

📊 Time for a Credit Clean-Up? Here’s How to Boost Your Credit Score for Homeownership 🏡

Your credit score plays a BIG role in securing the best mortgage rates! If you’re planning to buy a home or refinance, now’s the perfect time to clean up your credit. Here’s how you can get started:

✅ Check Your Credit Report: Review it for errors or discrepancies that could impact your score.
✅ Pay Down High Balances: Aim to keep your credit utilization below 30%.
✅ Make Payments On Time: Set reminders to never miss a payment. Consistency is key!
✅ Avoid New Credit Applications: Too many inquiries can lower your score.
✅ Keep Old Accounts Open: A longer credit history helps boost your score.

Cleaning up your credit can take time, but it’s worth the effort for long-term financial benefits! 💡 Need guidance or have questions about improving your score? Let’s chat and get you mortgage-ready!

📞 Contact me for personalized advice on preparing your credit for homeownership!

20 Nov

Tittle Insurance

General

Posted by: Avaljit Sandhu

What is title insurance, and do i need it ?

Wondering what title insurance is and why it matters? Title insurance protects you from potential issues with the ownership of your property, like fraud, errors in public records, or title defects. It’s a one-time cost for long-term peace of mind! 🏡

In Manitoba, title insurance typically costs between $250 to $400, depending on the property value. 💰

Have questions or want to know if it’s right for you? Let’s chat! 💬

15 Nov

Do’s and Don’ts of the Mortgage Process.

Mortgage Tips

Posted by: Avaljit Sandhu

Did you know?
Staying with your employer during the home-buying process is crucial! Any changes to your job or income status can halt or significantly delay your mortgage approval. To avoid unnecessary setbacks, keep your employment steady until the deal is finalized.

13 Nov

Thinking about a renovation? 

Mortgage Tips

Posted by: Avaljit Sandhu

Thinking about a renovation? 
Here are some things to consider:
 
Budget: Set a clear budget and stick to it—renovations can get expensive quickly.
Purpose: Are you renovating to improve your home’s value or for personal comfort?
DIY or Pro: Do you have the skills for a DIY project, or will you hire professionals? Some tasks, like electrical or plumbing, may require licensed experts.
Return on Investment (ROI): Certain renovations, like kitchen or bathroom upgrades, can add more value to your home when it’s time to sell.
Timeline: Know how long the renovation will take and plan for potential delays.
Whether it’s a small update or a big overhaul, renovations can give your home a fresh new look and even increase its value! 
#HomeRenovation #DIY #HomeImprovement #RenovationTips #dlcmainstreamcommunity
13 Nov

Rent or Buy?

Mortgage Tips

Posted by: Avaljit Sandhu

In Winnipeg, rent for a 1-bedroom apartment ranges from $900 to $1,300 per month, and a 2-bedroom can be $1,200 to $1,800. Detached homes typically rent for $1,600 to $2,500+.
Buying a home in Winnipeg costs around $350,000 – $380,000. With a 5% down payment and a 4.44% mortgage rate, monthly mortgage payments could range from $1600 to $2000 (including property taxes).
Renting might be a better option if you’re unsure about staying long-term or don’t have enough for a down payment. Buying makes sense if you plan to stay long-term, want to build equity, and your mortgage payments are close to rent costs.