Client Comments

Thank you so very much for putting so much effort and time for helping us.

-DARIO & MORCIA S., OAKVILLE

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We were so happy that you were able to provide us with construction financing. The draw amounts work fine with our builder and we plan to refer anyone building a house. Thanks again.

-TOM & SHAUNA D., TORONTO

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Hi Joe

Just wanted to pass on our thanks again for all your help with securing our mortgage.

In hindsight, we would have to say that the entire process of buying for the first time went really well and we managed to avoid a lot of the headache and inconvenience that others seem to come across.

Certainly in regard to arranging our mortgage, things could not have been easier for us and we have you to thank for that.

Your patience and attention to detail was greatly appreciated.

All the best,

. Aghazzarian & L. Marino

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Truly Professional

Joe helped us out with our financing and all the questions we asked. The rates and service was excellent and he even came to our house to sign all the papers.

We have recommend him to our co-workers, friends and family.

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Mortgage Needed In a Hurry!

We needed to arrange something quickly and Joe Walsh was able to provide us with a commitment on the same day;

I would definitely recommend Joe.

A Satisfied Customer!

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We supplied Joe Walsh with all of the pertinent information and we were able to sit back and relax while Joe took care of everything.

He examined all of the possibilities and came up with one that best suited our needs.

Joe took all of the shopping and confusion out of the experience and made it simple for us.

We have used Joe several times in the past and will continue to do so in the future.

He is knowledgeable, professional, there to service quickly & promptly without the stress that normally comes along with this sort of decision

Canadian Home Mortgage Market Heating Up

Published April 12, 2010

Toronto Mortgage Broker

“Canadian Mortgage Applications Are Up As Home Shoppers Try to Beat The Rising Interest Rates,Tax Increases, and New Insured Mortgage Rules”

For Home shoppers that have been considering a home purchase in the last 6 to 12 months, the rush is now officially on to try and see if a new home can be found and mortgage financed before all the related acquisition costs go up.

Right now we are experiencing the confluence of three different factors converging on the mortgage market, and creating a perfect storm effect for home buyers in the process.

First, we have the recently announced increase in the five year mortgage rates that have already come into effect. For those that have secured a pre-approved mortgage rate for 120 days, the race is on to try and get a home purchased and financed in time before the rate freeze is removed.

Second, in just 5 days, the CMHC’s new qualification rules will come into play for new home purchases requiring more than 80% mortgage financing. For these higher ratio mortgage applications, mortgage insurance is required and will now make it more difficult for some home owners to get qualified based on the revised repayment qualification calculations that require the use of the chartered bank posted 5 year fixed mortgage rate.

Third, and somewhat forgotten in all the recent news about interest rate increases and changes in the CMHC mortgage insurance program, is the launch of HST in Ontario and B.C. on July 1, 2010. The new tax will create an added cost to home purchases that will also have to be factored into a buying decision.

The key takeaway from all of this is that home shoppers should make sure they are working with a competent mortgage broker that can help them work through all the twists and turns impacting residential mortgage financing in the coming months.

The landscape is got increasingly hard to navigate in 2010, so getting some professional assistance can help you make a better decision and end up saving you money in the process.

If you’re in the process of buying a home or even have an accepted offer that requires mortgage financing, I suggest that you give me a call so I can quickly assess your requirements and provide relevant mortgage options for your consideration.

Click Here To Speak With Mortgage Broker Joe Walsh.

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