When it comes to buying a home, the process can be overwhelming and fraught with complexities. Whether you’re a first-time homebuyer or looking to refinance, navigating the maze of mortgage options can be daunting. This is where a mortgage broker becomes invaluable. At Mortgages By Erin, we specialize in making your mortgage journey smooth and successful. Here are five compelling reasons why enlisting the services of a mortgage broker can be one of the best decisions you make.

Embarking on a home renovation project can be both exhilarating and daunting. Whether you're looking to update your kitchen, add a bathroom, or completely overhaul your living space, the financial aspect can often seem like a major barrier. However, house renovation loans offer a practical solution, enabling you to enhance your living environment now and pay over time. In this blog, we'll explore the compelling reasons why opting for a renovation loan is a wise decision for homeowners.

Buying a home is a major milestone for many people, and it’s one of the most significant financial investments you'll ever make. Whether you're a first-time homebuyer or a seasoned real estate investor, finding the right mortgage is key to ensuring that you get the best possible deal. 

When it comes to securing a mortgage, you have two options. Working with a mortgage broker or going directly to a bank. In this blog post, we’ll explore the benefits of working with a mortgage broker versus a bank, and why Mortgages By Erin, the best mortgage broker in Toronto, Ontario, is a great choice for you.

As one of the most significant financial investments you'll make in your life, buying a home requires careful planning, research, and financing. For many Canadians, obtaining a mortgage is the only way to afford a home purchase, but the process can be confusing, especially if you're new to it. Before you start looking for a home or a mortgage lender, it's important to know the difference between pre-approval and pre-qualification.

Pre-qualification and pre-approval are often used interchangeably, but they are two different things. Pre-qualification is a preliminary assessment of your creditworthiness, income, and debt. It gives you an idea of how much you can afford to borrow but doesn't guarantee that you'll be approved for a mortgage. On the other hand, pre-approval is a more in-depth process that involves a lender reviewing your financial documents, credit history, and employment status to determine whether you're eligible for a mortgage and how much you can borrow.

When it comes to home buying, pre-approval is more beneficial than pre-qualification. Here's why:
 

If you're thinking of buying a new home or refinancing your existing mortgage in Toronto or anywhere in Ontario, you may be wondering whether to work with a local mortgage broker or a big bank. As a licensed Ontario and GTA broker, Mortgages By Erin can help you navigate the market with confidence. While both options have their advantages, there are many reasons why working with a local mortgage broker can be a smart choice, especially if you're looking for the best mortgage lender in Toronto.

In this blog, we will explore the advantages of working with a licensed Ontario and GTA mortgage broker and why Mortgages By Erin is the best choice for your mortgage needs in Toronto and beyond.

Mortgages By Erin wishes you and your family a happy and safe holiday season and all the best for the New Year 2023! If you need any assistance from us during this time, feel free to get in touch with us by clicking here.

Applying for a mortgage can be both exciting and intimidating if you don’t know where to start. This is because borrowing money involves more than walking into a bank and signing essential documents. There is considerable work to be done behind the scenes before your mortgage is closed and money is in your bank.

Buying a house for the first time is a new and emotional experience, so it’s normal to have a few hiccups along the way. Since a home is the single most expensive purchase for some people, the entire process can also be tricky to navigate if you’ve never done it before. It’s necessary to find a mortgage agent you trust to assist lead you down the twists and turns on the exciting journey to homeownership. It is also beneficial to know some of the common mistakes first-time homebuyers make, so you can avoid them on your road to buying your first home and have a smooth experience with minimum stress.

In times of uncertainty, we can always count on our first responders. From coast to coast, they put Canadians first and ensure the health and safety of this great country. At Mortgages By Erin, my team and I have successfully helped hundreds of people realize their dream of homeownership. Now, we want to help our first responders on the front lines, who have been providing support to the community during the pandemic crisis. I am grateful for their services and express my gratitude for their ongoing work and sacrifice. As part of Dominion Lending Centres, I am proud to announce the First Responder Mortgage Program™.

Original Article Source Credits: betterdwelling, https://betterdwelling.com

Article Written By: NA

Original Article Posted on: APRIL 20, 2021

Link to Original Article: https://betterdwelling.com/canadian-real-estate-is-moving-from-pent-up-demand-to-pent-up-supply/

Searching for a new home is an exciting time for the whole family. However, once you narrow down on your dream property, that’s when the real work starts as you now need to secure a mortgage, which can be tricky. Consequently, a mortgage broker can navigate you through the process by matching you with a suitable lender and completing the tedious paperwork.

Original Article Source Credits:   Toronto Storeys , https://torontostoreys.com/

Article Written By:  Ainsley Smith

Original Article Posted on:  December 21, 2020

Link to Original Article:  https://torontostoreys.com/cmhc-toronto-real-estate-overvaluation/

I’m Erin Kouvertaris, the proud owner of Mortgages By Erin. I look forward to sharing my story. I hope that you will enjoy getting to know me better.

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  November 11, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/11/optimism-returns-to-the-markets-could-fixed-rates-start-to-rise/

Original Article Source Credits:   The Star , https://www.thestar.com/

Article Written By:   David Aston

Original Article Posted on:   Nov. 22, 2020

Link to Original Article:  https://www.thestar.com/business/personal_finance/opinion/2020/11/22/our-strange-times-mean-fixed-rate-mortgages-have-a-rare-edge.html

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  September 29, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/09/pandemic-has-increased-homebuying-intentions-among-young-canadians/

Original Article Source Credits:  Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  SEPTEMBER 29, 2020

Link to Original Article:  https://betterdwelling.com/canadian-mortgage-debt-passes-80-of-gdp-for-the-first-time/

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  September 29, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/09/pandemic-has-increased-homebuying-intentions-among-young-canadians/

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS ,https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  September 10, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/09/bank-of-canada-reaffirms-its-low-rate-outlook/

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  September 14, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/09/big-banks-still-dominate-mortgage-market-share-says-cmhc/