Rose City Mortgage Tilbury

11/25/2023

What a Great Night for a Fun Festival of Lights at the Tilbury Lions Concert Kickoff.
What a wonderful way to welcome SANTA to our small town.

Here are a couple pictures of OUR Christmas Tree at the Park, Make sure to stop by and check the Trees out in Person, they will be LIT up until January 5th.
Congratulations to Hudson Manor, As well as Tilbury Area Public School on this year's Business & School Winners.

Merry Christmas & Happy Holidays
Let us know what you think of our TREE 🎄 in the comments below !

11/24/2023

We are looking forward to this EVENING's Santa Claus Parade as well as the Kick-Off to the Tilbury Lions Christmas Light Festival which we are apart of this year! So exciting.
Come on out and check out our TREE when they turn the lights as Santa Arrives in Tilbury.

Make sure to check out our office front as well, and take your selfie picture with our door while you are out and about in town.

11/13/2023

A co-ownership purchasing strategy allows you to get into a home sooner, build equity, cash out, and then go buy your OWN home with the EQUITY that YOU'VE built over the first four or five years.

By dividing the cost of a home between more people, YOU can NOT ONLY get YOUR foot on the property ladder more easily but ALSO expand YOUR home search to more desirable locations or larger properties that may not have been accessible with your budget alone.

While many people decide to co-own a home for cultural reasons or to help take care of elderly parents or young children, these days many more Canadians are now turning to co-ownership as a means to combat housing in-affordability and the cost of inflation.

I would tell those looking to get into the housing market like this, to GET ADVICE EARLY from your Mortgage Agent or Broker in the purchasing process, there will be many hurdles to jump on your way to owning your own home, and it all starts with YOUR PERSONAL CREDIT SCORE & HISTORY. Everyone has a story why not use yours to start your NEXT CHAPTER,
Reach out today, one of our Mortgage Agents or Brokers would be happy to help you on your journey to home or co-ownership.

519-401-7947
www.rosecitymortgage.ca

11/11/2023

What a great day it was for outdoor Remembrance Day Ceremonies.
Happy Remembrance Day
Always remember the Freedom they gave us.

11/11/2023

If your mortgage is coming up for renewal, you must prepare for higher rates. It is not about panicking; it’s about being prudent.

Here are three strategies you can implement to get ready:

1. Take advantage of your prepayment privileges and increase your payment amount. You’ll pay down more principal and be accustomed to paying more at renewal.

2. Watch your bad debt. Be cautious about any credit card or high-interest debt.

3. If you are considering moving to a new home, get a pre-approval to protect you while shopping around. Consider not borrowing the maximum amount your lender will allow.

The best thing to do is get advice early and talk to one of our Mortgage Agents or Brokers, who will help you determine your best personal strategies to prepare.

Reach out to us today,
519-401-7947
www.rosecitymortgage.ca

11/10/2023

A private mortgage is a short-term financing solution and should not be relied on for the long term. Make sure you have a plan to get you back to a traditional mortgage as soon as possible. Enter the exit strategy. Before you get into a private mortgage, you should know how you are going to get out of it. Learn what questions to ask and more at FSRAO.ca/privatemortgage.

Consumers who are unable to quality for a traditional mortgage from banks and credit unions may need to turn to private mortgages for financing. If this is your case, remember that private mortgages are supposed to be a short-term solution. It can be easier getting a private mortgage, but you may fa...

11/08/2023

A home appraisal is a value analysis of your property by a certified or licensed appraiser during the purchase or refinancing process.
The appraiser can be hired by the borrower or lender this depends on each individual situation and the type of lending being used. (Bank, B-lending or private - each lender has their own requirements)

Several factors can impact the value of your home, such as:

Home Amenities Features / Condition 🛌🛁💠– The number of bedrooms, bathrooms, square footage, quality of fixtures, utilities, and appliances are all analyzed. This includes the current condition of your property and appliances such as the age of your furnace, etc.
Apart from interiors, the exterior, such as structure, construction type, parking, and gutters, are also included in the appraisal.

Comparable Properties = Market Value🏘️– Similarly valued properties in the area are used for comparison to determine the value of the properties in the area.

Location📍– The neighbourhood, local amenities, public transit, schools, and safety standards can all play a role.

Market Trends 📈📉 – The economic and social trends in the market can also affect the value of your home. For example, it’s a buyer’s market, where there are excess sellers and fewer buyers, which can dampen prices, or a seller’s market, where there are excess buyers and fewer homes, pushing up prices.

If you have any questions about the home appraisal process, reach out to one of our Mortgage Agents or Brokers.

519-401-7947
www.rosecitymortgage.ca

10/31/2023

Aaaaaaand this is why we always recommend an INSPECTION! You never know what (or who) you’ll find in a crawl space! 😂

👻 HAPPY HALLOWEEN 👻

10/19/2023

Life is full of uncertainties. We don't know what the future holds.
If we want to achieve things in life, we need to take the first step, even though we don't see the whole staircase.

10/19/2023

If you recently renewed your mortgage ???
IF so check your mortgage contract & interest rate, Are you in a FIXED or VARIABLE MORTGAGE CONTRAT???

I ask you to do this because if you signed a VARIABLE RATE MORTGAGE this will mean your monthly mortgage payment amounts are at the whim of the banks, so they could potentially change all of the time.
So when the RATES RISE, SO DOES YOUR MONTHLY PAYMENT!

🚨 Update

According to a recent Bank of Canada survey, 85% of variable-rate mortgage holders and 50% of fixed-rate mortgage holders believe they are worse off because of higher interest rates.

Interest rates that went up because of Trudeau’s inflationary spending.

10/15/2023

As a Home-Owner we are always looking for ways to put money back in our pocket, and not in someone else's.

Here are 3️⃣ ways that might help you save a bit of your hard-earned money. 🌹🌹🌹

1️⃣. Energy-efficient Upgrades 🔋: Invest in energy-efficient appliances, smart thermostats, and LED lighting to lower your utility bills and reduce energy consumption. It’s a win-win for your wallet and the environment.

2️⃣. DIY and Home Maintenance 🛠️: Take on simple home maintenance tasks yourself, such as changing air filters, caulking windows, and landscaping. You can save on hiring professionals and keep your home in top shape by doing it yourself.

3️⃣ Bundle your services 💰: Consider bundling your home insurance, internet, and other services to take advantage of discounts and promotional offers. This can help you cut down on monthly expenses and keep more money in your pocket.

Implement these money-saving strategies to make your homeownership journey even more financially rewarding.

Reach out to one of our team members today, to figure out what might work best for you.

(519)401-7947
www.rosecitymortgage.ca

10/14/2023

A recent survey done by REMIC shows that over 20% of respondents believe their bank will give them the best mortgage rate because they are loyal customers.
This is NOT the case!
Banks often don’t offer discounted rates because they don’t have to.
Plus, their hands are often tied as they represent only one lender, the bank they work for.

When you work with a Mortgage Agent or Broker, one application gets you access to all kinds of lenders. Some even provide discounts which are immediately passed onto the customer. Some lenders require more security than others, they really do lend based on the individual situation.

Speak to one of our Agents or Brokers today, to discuss your options.
(519)401-7947

www.rosecitymortgage.ca

10/14/2023

Tilbury businesses, join our annual Tree Decorating Contest and help bring some hometown spirit to Memorial Park this holiday season!

This is a great opportunity to give back to your community, get creative with your staff and increase business interest! Email ⭐️ [email protected] ⭐️ to receive all contest details and to reserve your contest tree.

TAG your favourite businesses in the comments 👇 and encourage them to join this year's contest!

10/12/2023

While monthly mortgage payments are the most common option, choosing an alternative payment schedule can significantly reduce your mortgage term and save you thousands in interest costs.

📌 Semi-monthly payments require you to split your monthly mortgage payment in half and pay that amount twice a month.

📌 Bi-weekly payments involve 26 payments made yearly, once every two weeks. You'll need to make three monthly payments for three months of the year.

📌 Bi-weekly accelerated payments require 26 payments each year, with an additional monthly payment included in the calculation and spread out evenly over the year's payments. You'll need to make three monthly payments for three months of the year. This payment method, on average, can shorten your amortization period from 25 years to 22.5 years.
📌 Weekly payments require you to make 52 payments annually, once weekly.

📌 Weekly accelerated payments require you to make 52 payments each year, with an extra monthly payment added into the calculation and distributed evenly over the year's payments. This payment method, on average, can shorten your amortization period from 25 to 22.5 years.

Consider exploring these options with one of our Mortgage Agents or Brokers, as they could significantly reduce the amount of interest you pay over the life of your mortgage and potentially shorten your mortgage term.

We would be happy to help you in the next step in your future.

www.rosecitymortgage.ca
(519)401-7947

10/10/2023

Don't be Scared of your own shadows,
Sometimes they are just there to remind you
That even in dark times, a light CAN always shine.

Good Evening, I'm always happy to meet new people,
As you can see again, I don't mind evening appointments.
Be sure to book your mortgage check-up or renewal with myself at your earliest convenience.

Stephanie Williston
Mortgage Agent Lvl 1
(519)401-7947
www.rosecitymortgage.ca

10/05/2023

A Huge Shout-Out to Our local Mayor Darrin Canniff, and the Chatham-Kent Small Business Centre for the very warm welcome to this great community of Chatham-Kent, Tilbury.
Thank you to all of the community members who have stopped in to say hello as well, it has been a pleasure meeting so many of you.

Welcome to Chatham-Kent, Rose City Mortgage Tilbury!
They've opened their new location at 15 Queen St. N. in Tilbury.
Stop in or check them out online at www.rosecitymortgage.ca