tugroup

[tugroup]

To Apply for Mortgage Approval  or Pre-Approval or Inquirers:

Call/Text 416-885-6696

Website :  www.TUmortgagegroup.ca

Simplify Your Mortgage Solutions,  The Mortgage Centre Lic 13135

#mortgage #mortgageadvice #mortgagebroker #mortgagerates #mortgagageapproval #approval #approved #interestrates #lowrates #casa #hipoteca  #house #secondmortgage #loans

[tugroup]

✈️ Contact me for details and quote for Covid 19 Insurance & Assistance Plan 📞 416-885-6696. 📧 [email protected]

Due to the ongoing COVID-19 pandemic, the Government of Canada may issue travel advisories to avoid non-essential travel (Level 3) or avoid all travel (Level 4) outside of Canada due to COVID-19. These advisories may be issued for all international travel, for specific destinations or for certain types of travel (i.e. cruises). Travel advisories are subject to change and may be issued, lifted, and then reinstated depending on the status of COVID-19 infection rates in Canada and abroad. Reminder: effective December 15, 2021, the Government of Canada reinstated a Level 3 global travel advisory to avoid non-essential travel outside of Canada. While Level 3 travel advisories are in place, we will continue to recommend to purchase our COVID-19 Insurance and Assistance Plan when travelling to destinations under an advisory. Effective December 17, 2021, ✈️you could get enhanced protection with our updated COVID-19 Plan, including coverage for cruise ship travel. Highlights include: Policy maximum increased to $5,000,000 per insured per trip . Quarantine meals and accommodation benefit per person $150 per day to a max $2100 and Denied Boarding $300 per person plus Transportation & Return if Travel companion : up to policy maximum and more .. #COVID #insurance #travel #safe #safetravel #protection #emergency #hospital #medical #policy #boarding #meals #quarantine #coverage

[tugroup]

How does different #debt affect your #approval? ☃️🏠

Dream of owning a #home, or a different #home? Your debt is a big part of the (#mortgage) picture that you need to consider. Here's how #lenders see your debt when you want to buy a #home or property in #Canada.

1) Federal Debt

Canada Revenue Agency (#CRA). Entire balance, paid off asap. This type of debt is an instant no-go. If you owe back taxes or are in arrears, you'll be asked to clear this debt before a lender will consider your pre-approval.

2) Credit Card, Line of Credit Debt.

Revolving, Unsecured. Entire balance. For this type of debt, a lender typically looks at the entire balance to calculate an amount you should be paying every month to clear it off, regardless of how much you actually pay down per month.

-Lenders want to see regular payments on this type of debt, especially if you carry balances from month-to-month (try not to spend more than 75% of your limit, or clear your balance often if you do).

3) Instalment Debt

Secured. Monthly-payment amount. A vehicle loan is an example of this debt-type. The fixed payments (typically set for a period of 1 - 8 years) can be easier to budget around than revolving credit

4) HELOC Debt

Revolving, Secured. Entire balance. Different than a Line of Credit (LOC), which is unsecured and usually carries a higher interest rate — many people use a Home Equity Line of Credit (HELOC) to consolidate higher-interest debt, or for larger expenses, such as home renovations. This type of debt is calculated out like a mortgage, rather than a percentage of the balance.

5) Student Loans

Entire balance. If you have pending or active student payments, lenders calculate a portion of the entire balance into your monthly debt load.

6) Spousal or Child Support Payments

Monthly-payment amount. #Lenders factor these payments into your debt service ratio if you're paying out.

Get approval or pre approval certificate in minutes

www.TUmortgagegroup.ca

📞 416-885-6696

TU Mortgage Solution Group

The Mortgage Centre Lic 13135

[tugroup]

[tugroup]

🎄Quick Close Holiday Special 🎄

We focus in each situation and we provide you solutions .. ☃️🎅🏻

📞 416-885-6696

Submit Your Deal To:

[email protected]

#mortgage #privatemortgage #loans #solutions #lender #hipoteca #prestamo #mortgage-advisor

[tugroup]

The TFSA contribution limit for 2022 has been officially released. That limit is $6,000.

The total contribution room available in 2022 for someone who has never contributed and has been eligible for the TFSA since its introduction in 2009 is $81,500.

Anyone 18 or older and who has a valid social insurance number is eligible to open a TFSA. Contribution room accumulates beginning in the year in which a person turns 18.

People still make the mistake of thinking this is a savings account, so they just leave [assets in the account] in cash or they’ll buy a GIC, and earn very little interest,” said Carol Bezaire, senior vice-president of tax, estate and strategic philanthropy with Mackenzie Investments in Toronto. “But if you use the TFSA as a tax-free investment account, you’ll be able to grow that money a lot faster, with some good advice.”

For more info

📧info@ TUgroup.ca

📲 416-885-6696

#tugroup #tfsa #mortgage #dreamhome #firsttimehomebuyers #homebuyers #insurance broker #investing #investment #money #taxes

[tugroup]

Don’t fall behind on your winter home to-dos! ✅

💡Here are some helpful tips to check up on now, to help you save money and stress this season.☃️❄️

#HomeMaintenance #mortgage #hipotecas #loans #interestrate #WinterIsComing #lowrates #canadianwinters🇨🇦 #mortgagebroker #mortgageloanofficer #mortgagelending #mortgagetips #mortgageadvice #mortgagelife #MortgageExpert #mortgagenews #mortgageagent #mortgageindustry

[tugroup]

How is my credit score calculated?

1) What is a hard inquiry?

When a #lender or company makes a request to review your credit reports as part of the #loan application process, that request is recorded on your credit reports as a hard inquiry, and it usually will impact your credit scores. This is different from a “soft” inquiry, which can result when you check your own credit reports or when a promotional credit card offer is generated. Soft inquiries do not impact your credit scores.

2) How is my credit score calculated?

The score is a three-digit number that lenders use to help them make decisions. Lenders use scores to determine whether or not to grant credit, and if so, how much credit and at what rate. A higher score indicates that the individual is a lower credit risk.To calculate a score, numerical weights are placed on different aspects of your credit file and a mathematical formula is used to arrive at a final credit score. TransUnion calculates your credit score based on many factors in your credit history and payment behaviour, including but not limited to

* Your track record for repaying your loans and credit card balances

* How much money you currently owe on your credit accounts

* How long your accounts have been open

* The different types of credit you use or credit mix

* How much credit you use compared to the amount of credit you have available

* How often, and how recently you have applied for credit

For mortgage Approval , Pre- Approval , Consolidated Bills or loans or Credit Improvements , house upgrades , vacation…

www. TUmortgagegroup.ca

📲416-885-6696

📧 [email protected]

TU Mortgage Solution Group- The Mortgage Centre Lic 13135

[tugroup]

How you can improve your credit score? 😉

1. Order a copy of your credit report annually, review it carefully and correct any significant errors:

2. a. www.equifax.ca

3. b. www.transunion.ca

4. Pay your bills on time

5. If you have a questionable credit history, you should open a few new accounts, use them responsibly, and pay them off on time

6. Don’t open accounts then don’t use them. Having 6 or 7 of the same type of credit card does not work in your favour

7. Have a credit card or instalment loan can help boost your score, so long as you don’t have a high balance

8. Keep balances low in relation to the available credit. If the credit limit is say $10,000, keeping the balance below $2,500 (or 25% of the limit) will improve your score, balances over $7,500 (75% of the limit) will decrease the score. Going over the limit has an even more negative effect

Pay off credit card debt instead of moving it around to lower rate cards. Moving balances to other credit cards and closing out the old account can hurt the score

While the overall purpose of credit scores is universal, each lender will use his or her own criteria to measure an individual’s credit worthiness. While the overall purpose of credit scores is universal, each lender will use his or her own criteria to measure an individual’s credit worthiness. It can be confusing when your score seems high but you are denied credit. Chances are you’re not looking at the same score as your bank or finance company or they had other contributing factors involved in their decision, such as previous history with the institution. Subscribers don’t always work with both credit reporting agencies in Canada, so the information included in one report might be slightly different from the other. Some lenders also use their own internal credit scores when evaluating an application. The only way to find out about how they measure your creditworthiness is to ask the individual lender. Credit scores can give lenders a quick, objective and impartial snapshot of a credit file and are helpful in making approval decisions. When you apply for credit, like a mortgage, car loan, a new credit card, apply for a job or want to rent an apartment, companies need a way to gauge your credit worthiness. Your credit report includes a record of your financial reliability. Credit grantors and authorized institutions obtain credit reports about individual consumers. Consumers benefit through faster credit decisions. For mortgage approval , consolidate bills , loans .. www.TUmortgagegroup.ca. 📲416-885-6696. 📧[email protected]. TU Mortgage Solution Group - The Mortgage Centre Lic 13135

[tugroup]

For Mortgage Approval, go to :

➡️ https://www.mortgagecentre.com/app/TUmortgagegroup

For questions or inquiries:

📲 416-885-6696

📧[email protected]

TU Mortgage Group - The Mortgage Centre Lic 13135

#mortgage #mortgagebroker #mortgageloan #debts #MortgageLoanAdvisor #mortgagerates #mortgagetips #mortgagespecialist #loans #mortgageprotection #rates #MortgageExpert

[tugroup]

🏠 Business for Self (Alt. A)

Help Self-Employed Borrowers Own The Home They’ve Worked Hard For

Many borrowers who are self-employed have good credit and are in control of their finances, but cannot provide traditional means of income verification. This product helps self-employed borrowers find their path to home ownership.

Eligibility:

✅ Available up to 90% Loan-to-Value

✅ Borrower is a Sole Proprietor, ✅ Partnership or Corporation with a proven 2-year history of managing both their credit and finances responsibly

✅ The borrower is required to declare their annual income and annual business income, which should be reasonable based on their industry, length of operation, and type of business

For Mortgage Approval or Questions:

📲 416-885-6696

📧 [email protected]

TU Mortgage Solution Group - The Mortgage Centre Lic. 13135

#Youtube

[tugroup]

👨‍👩‍👧‍👦 New to Canada Program 🏠

The New to Canada Program provides the opportunity for customers who have recently arrived in Canada to buy a home.

🏠 Eligibility:

✅ Borrowers must have a valid work permit or permanent residency

✅ Borrowers must have a minimum of 3 months full-time employment in Canada (those transferred under a corporate relocation program are exempt)

For Mortgage approval :

📞 416-885-6696

📧 [email protected]

TU Mortgage Solution Group -The Mortgage Centre Lic 13135

#Youtube

[tugroup]

It has always been a pleasure working with you and on the ocasión of thanksgiving 🍂 , we are truly deeply thankful to have you as our clients , partners and friends 🧡

[tugroup]

🏠 Our Awards 🏠

( 4 consecutives years 😁)

For Mortgage Approvals, go to : www.TUmortgagegroup.ca

📲 416-885-6696

📩 [email protected]

TU Mortgage Solution Group - The Mortgage Centre Lic. 13135

#mortgage #dreamhome #homebuyers #firsttimehomebuyers #invest #luxuryhouses #realestate #buy #debts #consolidates loans #mortgage hipotecas loans refinance house #tugroup

[tugroup]

When starting a life in a new country, protect your loved ones with a life insurance policy.

📲 Call me today for a free no-obligation quote 416-885-6696

📧 [email protected]

Starting your studies or a new job in Canada? Beginning your life in a new country can be exhilarating – new city, lifestyle and friends along with ample opportunities for a new life.

But new beginnings can also be stressful. Navigating so many unknowns without the support of your family and friends from back home can be overwhelming.

When building a plan for financial stability and all what it entails, you may want to think about the advantages of having a life insurance policy. This can provide great peace of mind knowing that your loved ones will be protected financially, both here and back home

1) Non-residents with a valid work or study permit can apply for up to $250,000 in coverage

2) Quick and easy to apply

Affordable rates

3) Complimentary benefits

4) No medical exams or needles on most plans

5) Payments start in the second month – applicable on monthly payment plans

#critical illness insurance #lifeinsurance #students #work permit #foreign students #student visa #work visa #international students #family #protect #tugroup

[tugroup]

What is a hard inquiry or hard pull on my credit? 🤷‍♀️🤷🏻‍♂️

💡Smart Tips:

* Obtaining your own credit reports will not affect your credit scores

* A hard inquiry occurs when a lender or company makes a request to review your credit reports as part of the loan application process

* Multiple inquiries for the same type of loan, such as a mortgage, made within a certain period of time generally count as one inquiry

Some consumers are reluctant to check their credit reports because they are concerned that doing so may impact their credit scores. While pulling your own credit report does result in a “soft” inquiry on your credit reports, it will not affect your credit scores. In fact, knowing what information is in your credit reports and checking them regularly may help you get in the habit of monitoring your financial accounts. One way to help establish smart credit behaviour is to understand how inquiries work and what counts as a “hard” inquiry on your credit reports.

For mortgage approval or questions

www.TUmortgagegroup.ca

📲 417-885-6696

📧 [email protected]

#mortgage #tugroup #homebuyers #firsttimehomebuyers #dreamhome #realestate #invest #debts #buy

[tugroup]

🧔‍♂️👩‍🦰Family Plan Program👩‍🎓👨🏽‍🎓🏠

For prospective homeowners with good credit who do not meet GDSR/TDSR requirements (such as entrepreneurs or elderly customers on fixed income),this program allows their immediate family to help them buy a home🏡

For Mortgage Approval or Inquieres :

📲 416-885-6696

📧 [email protected]

TU Mortgage Solution Group - The Mortgage Centre Lic. 13135

#mortgage #dreamhome #homebuyers #firsttimehomebuyers #tugroup #luxuryhouses #invest #buy #debts #realestate #Youtube