Real-life tips to help you face your mortgage
Your wallet is not the only thing quivering when you go through the mortgage process. Your heart, brain and tightly wound nerves may need a little time to shake it off. We recommend putting on a good song and letting that guide you through the rhythm! Getting a mortgage is probably the most “adult” thing you could do. So, give yourself credit for that. You’ve made it, and you’re alive little possum (even if it’s barely).
We’ve come up with a few points to help you handle the emotional stress of this commitment. As a mortgage business, we have had the privilege of guiding many people through this process, and we’ve seen them soar and come out of it happy and fulfilled. These tips are sure to transform your mortgage journey from rocky to smooth.
When you feel yourself getting anxious or worked up, take a moment to get some air. This is a big one! It sounds simple, but it will make a huge difference. Whether that means stepping outside, drinking a glass of water, or just having a moment to yourself to breathe (in and out, in and out) – this may just save you from blowing a gasket.
Whenever you feel confused, lost or overwhelmed in the process, chat with us – our goal is to be transparent at all times. We understand the difficulties of deciding to go with what could be the biggest financial commitment of your life. As your mortgage broker, we also know that we are great at what we do, and will be able to get you mortgage-free as fast as possible.
Failing to plan, is planning to fail. The earlier you start getting your finances in order, the easier it will be to make adjustments and improve your standing.
Check out our mortgage calculators. We’d love to help you live the life of your dreams.
Budget like a boss! At the end of October we held a webinar covering the basics of budgeting. This was crafted for the person who is advanced, a beginner or just in-between. The aim was to create value for all levels! We loved motivating our Mortgage Allies community on such a personal level.
Click here to watch the recording and/or read the summary. We’d love for you to benefit as well.
Download your FREE budgeting tool here
DOWNLOAD YOUR FREE FILE HERE
Mortgage Payment
The mortgage payment calculator will let you know what you’re likely to be in for each month. Let this be your guide to working your finances the way you want to.
Debt Coverage Ratio
The debt coverage ratio calculator can help you ensure that your overall monthly debt and home expenses can be covered by your total monthly income. Use it as your guide.
Maximum Purchase Price
Your home dream is important to us. Let’s calculate your maximum purchase price to get you on the right track.
Bridge Loan
You’re starting a new chapter, but your old home hasn’t said its final goodbye yet. Our bridge loan calculator can guide your planning so that you’re ready to let go.
Rent VS Own
Is it more affordable to rent or own the property? Run the numbers with this calculator to be sure.
Closing Cost
Don’t let the unknown be your barrier in getting mortgage free faster. The closing costs calculator can help you plan.
We want you to know that we get it; getting a mortgage is a huge deal. It’s the home you want, and not necessarily the mortgage. That’s why it’s important to us that you get the best, most realistic mortgage option for your situation. Beyond that, we get you on your way to being mortgage-free as fast as possible.
To remember these quick and helpful tips, think of the word ‘DAWN’. Each new day that dawns gives us fresh life us fresh life – a chance to begin again, feeling motivated and ready to conquer. We’ve used this as an acronym for our four points to guide you through your mortgage journey.
Here’s a quick recap. Let it DAWN on you!
1. Deal with Tension
2. Ask, Ask, Ask
3. Work Within Your Budget
4. Never Forget the End Goal in the Mortgage Process
Mortgage Payment
The mortgage payment calculator will let you know what you’re likely to be in for each month. Let this be your guide to working your finances the way you want to.
Debt Coverage Ratio
The debt coverage ratio calculator can help you ensure that your overall monthly debt and home expenses can be covered by your total monthly income. Use it as your guide.
Maximum Purchase Price
Your home dream is important to us. Let’s calculate your maximum purchase price to get you on the right track.
Bridge Loan
You’re starting a new chapter, but your old home hasn’t said its final goodbye yet. Our bridge loan calculator can guide your planning so that you’re ready to let go.
Rent VS Own
Is it more affordable to rent or own the property? Run the numbers with this calculator to be sure.
Closing Cost
Don’t let the unknown be your barrier in getting mortgage free faster. The closing costs calculator can help you plan.
We love clients that are hungry for information because it leads to the right mortgage. Get in touch – let’s tackle these real issues when getting a mortgage, together.