David Hetti's (elfiehayes) Blog

What's it Worth To Get Everthing Under One Roof

Fri, 04 Mar 2011 03:47:54 -0800

In the Mortgage Industry there's a Broker on every street corner in my town! I work in a relatively small City of about 150,000 residents and I know of over 100 mortgage agents that work in the area. That's just the people I know in my industry!!! I'm sure there are many others that I'm not aware of. For the most part they do mortgages for purchase, refinance, equity take out. The Usual. There is more to it that that if you are a business person, self employed or an investor. It's even more importnant if you don't have clean credit! Now it's possible to get EVERYTHING you need in one place when you need financing solutions? Mortgage Intelligence Oshawa is the ONLY local Mortgage Office to provide customers will ALL the following product and services under one roof! Elfie Hayes and her team of full-time agents share their years of experience to offer all your financing solutions under one roof! * Traditional Mortgage Lending-Institutional & Private. * Recreational Property-Island and Lake intake water source * Credit repair (specializing in post-Bankruptcy credit repair) * 1 Day Discharged Bankrupt Mortgages * Re-finance out of Consumer Proposal * Debt Settlement through Informal Consumer Proposal * Construction Financing for Self and Custom Build Homes * Land Development and Project Financing * Franchise Financing * Business Start-up and Enhancement * Equipment Financing Division * Commercial/Investment Mortgages * Reverse Mortgages for Seniors * Home, Auto, Life, Disability and Critical Illness Insurance You’ll get the lowest rates too. And remember those with great credit won’t be charged a broker fee. Elfie Hayes: Seen on CTV National New, Rogers TV, Published and Profiled in Canadian Mortgage Professional and Reno & Décor Magazine. The choice is obvious.... Contact the Durham Mortgage Solutions Team at LowRate.ca today!

Thank you! Thank you! Thank you!

Tue, 11 Jan 2011 08:37:40 -0800

The Durham Mortgage Solutions Team - Mortgage intelligence Oshawa - Receives Prestigious Award. We are once again honored to receive another Award at the Mortgage Intelligence Gala. Each Year Mortgage Intelligence acknowledges the efforts of the “Best of the Best” Mortgage Agents and teams. Myself, Kelly Kozar, Carmela Knight, Jacalyn Cook, Michael,Kozar and Corinna McKight are proud to be in the top 5 teams in Ontario East. We couldn’t do it without the great clients that we serve everyday of the week, so in many ways this is your Award too! Elfie Hayes - Winner of MI's "Best of the Best Elfie Hayes seen on CTV National New, Rogers Community TV. Profile published in (CMP )Canadian Mortgage Professional, Guest Writer in RENO & decor Magazine. “My team and I look forward to another great year in 2011! We enjoy helping each person who comes to us with their request for a mortgage. We’ll bring even more products and services to you as we continue to be “Your Durham Mortgage Solutions Team” in Oshawa Onatrio. Regards, Elfie Hayes

10 Financial Resolutions for 2011

Wed, 05 Jan 2011 06:40:19 -0800

10 Financial Resolutions for 2011 Your Top 10 Financial Resolutions for 2011 Doug Melville, Canada’s Obudsman for Banking Services pointed out that the following tips might seem obvious. But everyone who wants to maintain or improve their financial future should be aware that they are in control of their own money. I have posted the actual tips here in the Blog, but encourage you to read the article to gain insight into why each of them is valuable. During and just after recession knowing how to make the most of your money is even more important than when things are Rosey! Read what you sign Ask questions Keep records Save Review your accounts statements Protect your personal information Plan Make a will Make a Power of Attorney Speak up Enjoy the full article from Canadian Mortgage Professional View a profile of the Durham Mortgage Solutions Team, published in CMP magazine too!

What is Debt Settlement?

Wed, 08 Dec 2010 07:52:23 -0800

Debt Settlement is a service provided by professionals in the financial industry. Debt Settlement can be an alternative to filing Consumer Proposal or Bankruptcy both of which affect your credit rating negatively for up to 7 years. Debt Settlement takes a different approach. By negotiating a reduced balance on all existing debts and offering you one lower manageable payment, you will begin getting back on your feet financially. For more information please go to SettleMyDebts.ca or watch this informative video.

CTV News Article and Elfie Hayes

Tue, 14 Sep 2010 09:07:48 -0700

On Monday I was asked if I would mind being interviewed for a piece about Canada's housing industry on the CTV National News with Richard Madan. The topic is the increasing number of Canadians who are finding themselves in Foreclosure. It was a great honor to be chosen out of all the Mortgage Agents across Canada to speak on the subject. Please veiw the attached Video clip and article provided by CTV National News Elfie Hayes (AMP) Mortgage Agent FSCO Lic M08001377 Mortgage Intelligence MI-10428 866-452-1100 905-443-0197 http://www.lowrate.ca or http://durhamregionmortgagedoctor.com

At Mortgage Intelligence Oshawa we Practice Accessibility. It's the Law!

Mon, 30 Aug 2010 09:25:16 -0700

In an effort to provide accessibility under Ontario’s new “AccessON” program we are pleased to say we have taken the accessibility training provided by DREN, Durham Region Employment Networks. What that means to our clients and business partners is the we do everything possible to offer access to our service, whether it’s in-home appointments due to mobility concerns, having someone attend and read for you if you have sight issues, bringing a service animal to our office, requiring email information rather than a phone call to overcome hearing loss. We also offer Skype if requested. If you need access to our service, let us know how you would like us to provide it and we will do everything possible for you. We are committed to being one of the first businesses in our area to meet the requirements of the new Law.

Having Trouble Making Mortgage Payments?

Mon, 30 Aug 2010 09:18:21 -0700

When you Need Help CMHC and Elfie Hayes are There! Homeowner Default Management Unforeseen financial circumstances can impact a borrower’s ability to repay their mortgage loan. With early intervention, cooperation and a well-executed default management plan, lenders and borrowers can work together to find a winning solution. CMHC’s “Dealing with Mortgage Payment Difficulties” helps to prepare and educate homeowners on when and how to approach their lender to discuss the financial difficulties they may be facing in the repayment of their mortgage loan. Read more: When a situation is not understood a solutions can’t be reached. “Your Durham Mortgage Solutions Team” understands how to deal with less than perfect credit. Let us help you get a mortgage approval when others fail to help. We have the power of Mortgage Intelligence behind us! We also have the experience to use it! Contact us now!

Land Transfer Tax Refund for First Time Home Buyers

Fri, 27 Aug 2010 04:46:04 -0700

First Time Home Buyers may be able to receive up to $2000 towards the cost of the Land Transfer Tax on their first home purchase. Full details are available at Land Transfer Tax. This is just one way to save when buying a home in Canada. Happy home buying! Let the experience of Your Durham Mortgage Solutions Team guide you through the home buying process and get a great low rate for your Mortgage. Five full-time Licensed Agents and on-line applications will assure you get the right Mortgage to meet your personal financial goals. Contact us today, Move into your Dream Home tomorrow!

Get Your New Home Faster!

Tue, 24 Aug 2010 03:38:01 -0700

Tips to get into the next home faster The resale housing market is expected to remain at near record sales levels in 2010, according to The Canadian Real Estate Association. For homeowners looking to trade up, there are several things to consider before jumping back into the real estate market: Don’t be afraid of rising prices. Homeowners often worry that strong housing prices will price them out of the market. But this is often offset by a higher asking price for their existing homes. Longer amortization periods, resulting in lower monthly payments, are another way to bridge the gap between the price of your current home and your next one. Assess your home’s value. A real estate agent or mortgage broker can get you in touch with an appraiser who can prepare an assessment report for your home. Once you know what comparable properties have sold for, you can list your home at a realistic asking price. Do your financial homework. Whatever the market conditions, bigger houses cost more to purchase, finance and maintain. Work closely with your mortgage broker to ensure you can make the move without compromising your other financial priorities. Bridge financing may also be required if your purchase overlaps the sale of your existing home. Confirm your timing. Deciding whether to sell your current house before buying your next one is an important decision. Purchase offers with conditions based on you selling your current home will diminish the appeal of the offer. These days, many sellers by pass this by including long closing periods or rental provisions in their purchase offers. Low rates, focused experience and knowledge, plus a helping attitude is what “Your Durham Mortgage Solutions Team” is all about. Why settle for less? Apply now & save.

Rent To Own Gains Popularity

Mon, 23 Aug 2010 10:16:03 -0700

Rent to Own may be a Good Option. For many folks who have seen difficult financial times during the recession, the Rent to Own option is a blessing. If done correctly, it can be a way to move into a great house now while setting a portion of your rent aside as your down payment for the future. A forced saving of the down payment in a way, while credit is being re-established or repaired. This is particularity valuable for past Bankruptcy or Consumer Proposal folks. There are companies that specialize in Rent to Own and they provide the property to the future buyer. They will ask for a deposit and then the fair market rent will be established. The future homeowner will be required to pay more than market rent each month, with this amount being set aside for the down payment when the property is transferred into their names. (This is a requirement of CMHC for the future mortgage approval) The extra funds are calculated based on how much actual down payment will be required for the completion of the sale and it will be divided into monthly amounts according to the length of the rental agreement. The normal length of time for a Rent to Own would be one or two years to allow the future homeowner time to repair their credit. Investors who wish to buy a property within a Rent to Own company can be the one providing the house and have access to willing future homeowners through the Rent to Own company. They may even have the payments managed for them for a small fee. If a person has seen their credit affected negatively and they have either had credit counseling, a Consumer Proposal or even a Bankruptcy and they are discharged, it is possible to rebuild credit to a point where they can once again qualify for a mortgage. The general guidelines for buying a home with 5% down after Bankruptcy or Consumer Proposal according to CMHC are as follows: 2 full years discharged from the Bankruptcy or Consumer Proposal 1 full year of clean re-established credit of about $5000.00 Down Payment from own Sources 1.5% of the Purchase Price as closing costs from own sources A confirmed stable income source Credit from sources other than just store cards is one thing Mortgage Lenders look for. Secured Master cards from Capital One or Secured Visa from Home Trust are the first building block to restoring credit. These should be followed up with a Loan or Line of Credit from a Bank, Trust Company or Credit Union. Access to this Rent to Own firm is not an endorsement of their service. It is intended to provide information only. If you have bruised or bad credit and you want to get back on your financial feet so you can own a home, contact us! “Your Durham Mortgage Solutions Team” may be able to help!

When Banks Say 'NO" to Bruised Credit....

Fri, 20 Aug 2010 05:00:24 -0700

When Banks Say 'NO" to Bruised Credit.... Call a mortgage Broker! Since the downturn in the economy many people have experienced financial situation that a Bank's policies can't allow. That's where a professional Mortgage Agent with experience, knowledge and great resources can help get that approval. I pride my self in having the ability to offer a solution to those with Bruised credit simply by using the power of Mortgage Intelligence to do just that! Watch my informative video for more information! With over 50 Lenders and hundreds of low rate mortgage options, shouldn’t you talk to an Agent at “Your Durham Mortgage Solutions Team” and Mortgage Intelligence Today? Elfie Hayes (AMP) FSCO Lic M08001377 Mortgage Intelligence MI-10428 Contact us at 866-452-1100 or www.Lowrate.ca

Elfie's August Mortgage Update Video

Thu, 19 Aug 2010 08:29:38 -0700

I have just posted my mortgage update for the month of August. You will hear my thoughts on the mortgage industry and the changes that have taken place this year, as well as what is happening with mortgage rates and how that is affecting the Real Estate industry. Join me on YouTube Low rates, focused experience and knowledge, plus a helping attitude is what “Your Durham Mortgage Solutions Team” is all about. Why settle for less? Apply now & save. Elfie Hayes (AMP) FSCO Lic M08001377 Mortgage Intelligence MI-10428 Contact us at 866-452-1100 or www.Lowrate.ca

Rate Envy.

Thu, 19 Aug 2010 08:05:53 -0700

Rate Envy. Do you suffer from it? (edit/delete) Who would have believed that mortgage rates would move so low? Today, mortgage shoppers are looking at some of the lowest rates in history, and many homeowners with existing fixed-term mortgages are experiencing “rate envy” about today’s rock-bottom mortgage rates.It might be worth a conversation with a mortgage broker about your options. Typically, we think of a fixed term mortgage as a non-negotiable contract. And it’s true that there are financial penalties to re-negotiate. But, many homeowners have been asking for a mortgage analysis- a detailed look at the penalties versus payoffs- to determine whether it’s worth refinancing. Lake many Canadians, you may find that refinancing makes sense.There are two approaches to refinancing: you can simply pay out the existing mortgage and start fresh with a whole new mortgage, or you can opt for what is termed a blend and extend.Firstly, understand that you may not reap immediate rewards when you re-finance: it may take time to see the benefit. Since there can be upfront penalties. So if you’re going to sell your home in the next year, you’re unlikely to benefit from a re-finance now.Your mortgage broker can help you assess your “payback” period: the length of time required to see any savings, based on the penalties you will incur and the difference in your existing rate and the new one.Speaking of penalties, generally you can expect to pay the greater of either a) three month’s interest, b) the interest rate differential. Interest rate differential can be high, if current rates are considerably lower than what you currently have. However if you are close to the end of your mortgage the penalties may not be high. The detailed analysis will outline the best options for you.So is it worth it? Only your mortgage professional can tell you for sure. Many homeowners can experience significant savings with a refinance to a lower rate. Maybe it's time to consider a Mortgage Checkup!Begin with a call to your mortgage broker, who has access to rate information from a broad range of lending institutions and who can provide you with the kind of detailed Mortgage Check-up you’ll need to assess your options. Contact us and we'll customize the right mortgage for you. Elfie Hayes (AMP) Mortgage Agent FSCO Lic M08001377 Mortgage Intelligence FSCO Lic MI-10428 905-443-0197 or www.lowrate.ca