In Case You Missed It: The Biggest Mortgage Changes for Q3 2020 (July-Sept) | Mortgage Broker Canada

The last three months brought forward some of the biggest mortgage changes in years so if you’ve been waiting to afford more, capitalize on a low rate, or refinance. If you’re self-employed or do not have the best credit score, you’ll need to be cautious of the new law changes to avoid wasted time or happiness as things get more complicated in the mortgage world. In under five minutes we cover: • How fixed and variable rates dropped .50% in just three months • How everyone can afford $4000 more in mortgage than before • How some people can afford 50% more in mortgage financing with Alternative lenders who now have lower rates than your bank had a year ago (2.99%) • Waiting to refinance or switch mortgages until the rates are even lower? It’ll cost you more so make sure to understand how breakage penalties work • How seemingly good credit scores still get people declined thanks to the July 1st news from the CMHC • How Covid-19 has pushed more people into being self-employed and how that benefits entrepreneurs with refreshed Stated Income Programs which let you pitch to a lender why you deserve a higher mortgage eligibility Want to see how the above applies to your mortgage and real estate plans? Get in touch! Paul Davidescu (www.levelupmortgages.com) Level Up Mortgages 604-809-3188 paul@levelupmortgages.com See Our Google Reviews in BC & Ontario: https://bit.ly/ViewLUMReviews ⭐️⭐️⭐️⭐️⭐️ Talk to us or if you want some quick replies, connect with our Facebook Messenger Bot: http://bit.ly/MyMortgageBot Got Mortgage Questions? Trying not to freak out about something that’s stressing you out? We got you 🙋🏽‍♂️🙋‍♀️ + Get immediate answers on your mortgage questions with our FAQ Page 👉https://bit.ly/mortgagefaq + Email me and check out our website: paul(at)levelupmortgages.com | www.levelupmortgages.com 👨🏽‍💻 + DM me on Instagram if you want to get more personal 📱 https://www.instagram.com/levelupyourmortgages/ + Get LinkedIn if you want to check our credentials 😎 https://www.linkedin.com/in/pauldavidescu/ + Tweet at me if you hang out there 🐦 https://twitter.com/levelupmortgage + Check updates on our blog to do a deep dive 🔎https://www.levelupmortgages.com/blog + Subscribe to Level Up Mortgages YouTube Account: http://bit.ly/LevelUpYouTubeSubscribe