I will not only help
you find the Home of
your DREAMS, I will
give you the best
service, value and
unparalleled
mortgage rate.
Buying a home is one
of the most
important financial
decisions you will
make. I have been
involved in
thousands of sales
where I have
represented
the buyer. I
understand the value
and importance
of both protecting
and educating my
buyers from start to
finish. I will
ensure that
buying your home
will be a memorable
and positive
experience.
STOP DREAMING,
Start Packing!
Some of the buyer
incentives/opportunities
we offer our buyers
include:
Up to
5%
Cash Back*
Access to All
Power of Sales,
Distress Sales
and Foreclosures
Up to 1.5% off
the posted
mortgage rates
Financing for
self employed
clients, as well
as new
immigrants and
clients with
limited or no
credit history
100% financing
available
*Call for Terms and
conditions
Mortgages: Tips for
Any Buyer
The Downpayment The down payment is the money
you put forward toward the price of
a home – and is often the most
challenging part of buying a home.
The larger the down payment, the
less your home with cost you in the
long term. At the same time, it is
important to be realistic about
exactly how much you can afford as a
down payment. Over stretching your
finances to make a larger down
payment can lead to you being cash
strapped in the future, and hence
having to borrow money on a credit
card or a line of credit, at a
higher interest. Think long-term
when making this decision.
Making your Purchase More
Affordable Typically, lenders require
mortgage loan insurance for anyone
who wants to purchase a home with
less than 20% of the purchase price.
The Canadian Bank Act prohibits most
federally regulated lending
institutions from providing
mortgages for amounts that exceed
80% of the value of the home,
without mortgage loan insurance.
Through your lender, CMHC Mortgage
Loan Insurance enables you to
finance up to 95% of the purchase
price of a home. The premium charged
by the CMHC for such loans decreases
as the down payment increases. Even
still, depending on the
circumstances, there can be ways to
maneuver around these insurance
premiums.
The Mortgage Payment Schedule When most people think of their
mortgage payments, they think in
terms of monthly installments.
However weekly or bi-weekly mortgage
payments have been growing in
popularity with home owners across
Canada, and many institutions now
offer these payment options.
However, making weekly or bi-weekly
(where you make a half-payment every
two weeks) payments will save you
money. With bi-weekly payments, for
instance, you will make two more
half payments per year towards your
mortgage. This might not seem like
much, but it does add up. The end
result is you pay off your mortgage
sooner and you save money.
A second reason why making weekly or
bi-weekly payments can be
advantageous has to do with
employment income. If you receive
your income on a weekly or bi-weekly
schedule, then your budget can be
simplified if you similarly schedule
your mortgage payments.
Mortgage Payment Plans Privilege payment options are an
essential component of a mortgage;
they can lead to big savings and
thus they are a very important
aspect to any mortgage. These
payment options allow the mortgage
holder to make lump sum payments,
usually on an annual basis. Exactly
how these payments can be made and
when vary widely across financial
institutions, so it is important to
understand your mortgage specifics.
A privilege payment of 10%, for
example, means you can pay off 10%
of your mortgage per year, in
addition to your regular mortgage
payments. In general, the more
flexibility in this payment option,
the better. Even just paying off an
extra $1000 a year will shave off a
lot of interest over the lifetime of
the loan.
Fixed versus Variable Interest
Rates: What’s Better A 2001 study by a York
University professor determined that
in about 90% of the time, it was
better to have chosen a variable
interest rate in your mortgage, down
to 77.1% of the time, if you had
good negotiating skills and credit.
At the end of the day, your own risk
tolerance plays a big part in making
the decision of whether to go
variable or fixed, as does your own
cash flow availability.
Taking a variable mortgage rate can
lead to savings because with a fixed
rate, the banks charge a premium to
accept the risk that money may not
be so cheap in the future. At the
same time however, you are accepting
the interest rate without any
guarantee. It is important to ensure
you speak with a mortgage expect to
make the right decision for you.
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Welcome to my website. I trust you will find all the
information you are looking for. For those of you searching
for general information about real estate, I have a complete
resource center here for just that purpose. I have
also incorporated more specific information about myself and
the range of real estate services I offer. Please contact
me, if you have any additional inquiries. Enjoy!!
5,854 Homes Sold
With over 22
years of real estate experience and having been involved in
over 5,854 home sales, the knowledge, experience and insight
I have is invaluable! Our motto at Team McDadi is no home is
too big or too small for us and our aim is to provide each
client with the ultimate real estate experience.
Whether you are interested in buying or selling a condo,
townhome, single detached home or an estate mansion, we have
the tools and experience to ensure a smooth and seamless
transaction. Our records speak volumes!
.
Over 1.6 Billion Dollars in Real Estate Sales
Having sold over
1.6 billion dollars in real estate puts us in a class of our
own.
My goal is to continue to be the industry leader by
providing our clients with all the latest tools and
resources they need to buy or sell their home. I invest a
tremendous amount of money in research and development and I
have aligned myself with the highest calibre of people with
that aim in mind. It has never been so important to be on
the cutting edge; todays evolving market is rapidly
changing.
Our team of professionals provides our clients with a very
convenient one-stop opportunity. My team includes: an
accredited stager, numerous lawyers, experienced mortgage
lenders and brokers, invaluable home inspectors, trustworthy
renovators and handyman...and the list goes on. I have
simplified the entire process, making our clients the true
winners.
TEAM McDadi #5 Team World Wide
For the past
four years, my team and I have been ranked in the top 10
RE/MAX Team's world wide. (There are approximately 100,000
realtors within the RE/MAX organization). For the past
decade, we have been ranked in the top 5 RE/MAX teams in
Canada and have been the #1 RE/MAX team in Mississauga since
joining RE/MAX (12 years running!). These results are a
testament to both my passion for this industry, and my
commitment to provide the highest possible standard of
service to each and every one of my clients.
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