Danny Bell
Mortgage Broker - M13001996
Tel: 905-426-4200 | Cell: 289-200-9061 | Fax: 905-426-4201
MORTGAGE TIPS: ARE RATES GOING UP?Some stats show YES. I've summarized articles I've read and I suggest reading this.Current Best RatesFixed rates: 4.99% - 5.59% (Avg = 5.29%)Approx $598/month per $100k (25 yr amortization)Â Â Variable rates:...
Why Danny?1) Will work for you to get the best deals available2) Trusted and backed by many happy previous clients3) Will help walk you through the entire mortgage process4) Uses his expertise to ensure you and your family get what you need Â...
What qualifies as fraudulent paperwork and lying on a mortgage application?Altered or falsified pay stubs, letters of employment or other docsMisleading or inflated info about income or length at a jobMisrepresenting job status (full/part-time,...
A bridge loan is a short-term loan to bridge the gap between the purchase of a new home and the sale of an existing one. It provides financing to cover the down payment and closing costs of a new home before the borrowers current home sells. Â Bridge...
The process of replacing an existing mortgage with a new one by paying of the existing debt.  Danny Bell, AMPMortgage Broker ON Lic #M13001996 | NS Lic #2023-3000662P. 289-200-9061W. www.strictly-business.ca The Mortgage CentreDurhammortgage.com...
What is a High Ratio/Insured mortgage"?5%-19.99% down paymentMax 25 yr amortizationMortgage is default insured (i.e. CMHC)Less than $1M purchase pricePurchase over $500k requires 5% of first $500k and 10% of balance above $500k Example: $600k...