Kam Rukhra

If you are considering getting a second mortgage, here are a few things you should consider!

1. Your second mortgage and home equity go hand and hand. Second mortgages allow you to access between 80 and 95 percent of your home equity, depending on your qualifications.

2. Your second mortgage will most likely have a higher interest rate than a typical home loan.

3. Second mortgage payment plans are very flexible. For example you can opt for interest-only payments, or you can select to pay the interest plus the principal loan amount.

4. Second mortgages come with additional fees which are often a percentage of the mortgage.

If you want to learn more about getting a second mortgage and if it is right for you, contact us today! 😊







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Why waste your money on rent if you don't need to, when you can live at home and save that money for the day you're ready to OWN your own home!

The wisdom I wish someone had given me when I was younger is what I'm here to give you.
It's OK to stay at home and save money until you are ready to live independently. Don't allow people make fun of you for acting in the way you feel is best for your circumstances!

Take the daily actions you require to ensure that you are managing your money wisely, whether they involve learning how to purchase a property, paying off debt, repairing your credit, or anything else.

Before you make an offer, don't forget to get a professional home inspection to uncover any potential issues that could impact your investment and peace of mind

If you aren’t insured yet, don’t wait for your home to make headlines. Protect yourself and your property with an existing homeowner’s title insurance policy

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A mortgage wellness check can help you assess your current financial situation and determine if your mortgage is still meeting your needs. Here are 7 ideas for conducting a mortgage wellness check:

1️⃣ Review your current mortgage terms

2️⃣ Compare mortgage rates

3️⃣ Check your credit score

4️⃣ Evaluate your monthly budget

5️⃣ Consider your long-term goals

6️⃣ Explore refinancing options

7️⃣ Consult with a financial advisory

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4 Pic 1 word - INSPIRE

Buying a home is a big decision, but it doesn't have to be a difficult one. Let us help you find the perfect and custom fit mortgage for your needs.

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Saving for a down payment is a long-term goal, and it may take time to reach your target. Be patient, stay focused on your goal, and celebrate your progress along the way.

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Helping you achieve your dream of owning a home, one step at a time. Welcome to Inspiria Financial Group, your trusted mortgage plug.

We specialize in finding the right mortgage solutions that fit your unique needs and financial goals.

Let us help you navigate the complex world of mortgages and make your dream a reality. Contact us today to schedule a consultation!

Home is the starting place of love, hope and dreams. The magic thing about home is that it feels good to leave, and it feels even better to come back.

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🔔🔔🔔🔔🔔🔔🔔

March 1st is the RRSP contribution deadline.

Your RRSP contribution room is 18 per cent of your previous year's earned income, or an annual contribution limit of $29,210 for 2022

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We are INSPIRIA 💛
We inspire, innovate and support dreams of a brighter future.

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People choose 1-2-year terms for three primary reasons:

1️⃣ Because the rate and payment is lower than most other terms.

2️⃣ Because they don’t expect to have a mortgage much longer than two years.

3️⃣ For more refinance flexibility (because you can renegotiate the mortgage sooner without penalty)

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