28 Nov

Angela Calla on Global Morning News Today!!

General

Posted by: Angela Calla

Angela Calla on Global Morning News Today!!

I was invited to Global Morning News today to talk about the Top Myths from Homebuyers.

My hope is that this interview provides clarity on how homeownership is still attainable and empowers our youth with the knowledge on what is needed to be saved to own a home and really understand what is applicable to them, right from the source.

Lets make the conversation about “how” can I get in the market instead of “real estate is too expensive” as we sit around our classrooms, family tables, and office lunchrooms.

Please share this with someone you feel could benefit from this message.  If we can help you or someone you care about, please reach out to us directly at callateam@dominionlending.ca

Here is the link to the 5 minute interview:

https://globalnews.ca/video/6229046/top-myths-from-millennial-buyers

 

 

 

 

Angela Calla is a 15 year award-winning woman of influence and mortgage expert. Alongside her team, passionately assisting mortgage holders get the best mortgage, and educating them on “The Mortgage Show” on CKNW for over a decade and through her best-selling book “The Mortgage Code” available on Amazon. To purchase the book click here: The Mortgage Code. Proceeds from her book sales are donated to local charities helping families in the tri-city community.  For media interviews, speaking inquiries or personal mortgage assistance, please contact Angela at callateam@dominionlending.ca or 604-802-3983.

12 Nov

Top 5 Myths from Millennial Buyers

General

Posted by: Angela Calla

Top 5 Myths from Millennial Buyers

  1. I need to save a 20% down payment for a house. – No you don’t! You can buy for your first time or your third time with a 5% down payment (pending purchase price, of course). There are even government matching programs, gifts you can get or deposits you can partially borrow. Don’t get discouraged. Learn how you can work with your rent payment and see what that equates to in qualification. It all starts with a plan.
  2. I need to be employed for 2 years or work a regular 9-5 job to qualify to buy a home. No, you can be on the job as little as past your probationary period or be newly self-employed. It’s only one of the components in being approved for a mortgage. Your industry, education, credit and net worth all play a role in the qualification equation, and self-employed people have way better options than paying themselves a huge amount that drains there business. Look at what applies  to you.
  3. I have to live in the same property for 30 years to make it worth it to buy a home. No Way. Consider this: With renting, 100% of your payment goes to the landlord. When you make that same payment in the mortgage- you are investing in YOURSELF especially with rates as low as they are today. That benefit alone coupled with the lenders that are available with low exit fees, the tax free equity you are building and the potential of eventual home value appreciation are a HUGE wealth-building tool.
  4. I have loans that prevent me from qualifying. All loans outside a mortgage have an impact, each lender looks and uses different payments for each. Perhaps proceeds you were going to use for the down payment are better allocated, or after you own for a few years you can roll that payment in to improve your cash flow.
  5. How do I trust I’m getting the right information to buy a home? This is so important. As an unbiased mortgage professional, we will guide you through everything and show you exactly what relates to you and put you on a path for success. The most important advice is to make sure you get information directly from the source, as mortgages and policies are changing rapidly.

Angela Calla is a 15 year award-winning woman of influence and mortgage expert. Alongside her team, passionately assisting mortgage holders get the best mortgage, and educating them on “The Mortgage Show” on CKNW for over a decade and through her best-selling book “The Mortgage Code” available on Amazon. To purchase the book click here: The Mortgage Code. Proceeds from her book sales are donated to local charities helping families in the tri-city community.  For media interviews, speaking inquiries or personal mortgage assistance, please contact Angela at callateam@dominionlending.ca or 604-802-3983.

 

8 Nov

Angela Calla Accepts 2 nominations at the Tri-Cities Chamber of Commerce

General

Posted by: Angela Calla

Angela Calla Accepts 2 nominations for Business Leader of the Year for 2019 and Community Spirit Award at the Tri-Cities Business Excellence Awards.  The luncheon was hosted by the Tri-Cities Chamber of Commerce at the Westwood Plateau Golf and Country Club.

 

 

 

 

 

 

 

 

 

 

 

 

 

Angela Calla is a 15 year award-winning woman of influence and mortgage expert. Alongside her team, passionately assisting mortgage holders get the best mortgage, and educating them on “The Mortgage Show” on CKNW for over a decade and through her best-selling book “The Mortgage Code” available on Amazon. To purchase the book click here: The Mortgage Code. Proceeds from her book sales are donated to local charities helping families in the tri-city community.  For media interviews, speaking inquiries or personal mortgage assistance, please contact Angela at callateam@dominionlending.ca or 604-802-3983.

 

8 Nov

Debt Consolidation – Pushing the reset button.

General

Posted by: Angela Calla

Debt Consolidation – Pushing the reset button.

This is not your parent’s mortgage!!  We have been well trained by our parents who have been strongly influenced by the banks to want to quickly pay off our mortgages.  Back then, the price of homes were substantially lower and the interest rates were astronomically higher.  Our environment has changed.  We now have these big mortgages with incredibly low interest rates that we should be taking advantage of.  The equity grows and you get the tax benefits of home ownership.  Due to cost of everything including home ownership rising, 6/10 Canadians are living paycheck to paycheck due to debt. We are struggling with debt and the banks are profiting from the incredibly high interest rates incurred by credit cards and other loan providers.

Debt Consolidation will free up your monthly cash flow to in turn re-invest in yourself and your financial goals

If you have a home and have acquired the equity in your home, why not take advantage of the lowest interest rate available. Most of us are afraid to consolidate our debt with our mortgage. Our main focus is to pay off our Mortgage as quickly as possible…before retirement preferably, please and thank you.

Think about this, how are you possibly going to pay off all that debt without an inheritance, winning the lottery or a crazy large bonus at work. If your debt is growing, be proactive.  Refinancing with the lowest available interest rate including any penalties or costs will give you the chance to start over. And increase your cash flow that can no go towards the principal in your home rather then paying the high interest on your debt.

Saving our clients money and the freedom of not living paycheck to paycheck

Through debt consolidation, we have saved our clients anywhere from $500 to $5,000 per month that they were using to pay off their debts.  That equals anywhere from $6,000 to $60,000 a year.   It’s empowering to be able to build a savings nest or buy an investment property or invest in RRSP’s and RESPs.  All the things our client’s wanted to do but were unable to do because they were focused on paying off debt.  This increase in liquid cash can make the difference between spending the next 10 years paying off debt or spending the next 10 years building up your financial portfolio and your savings account and growing your wealth.

I still want to pay my mortgage off faster!!!

This is even more possible after a debt consolidation. This increased cash flow can be put back into your mortgage as well as be used to build up savings.  Traditional Bank mortgage terms and conditions lock you into an inflexible mortgage that takes away your control to pay off your mortgage quicker and adjust to lives challenges. In some cases, you are given one day, on your anniversary date to pay an additional amount.   Mortgage Brokers have access to Lenders, not available to the public, that will help you achieve your mortgage goals faster and without bias using competitive mortgage rates, flexible payment structures and low exit fees to work to your advantage with every life stage.

Angela Calla is a 15 year award-winning woman of influence and mortgage expert. Alongside her team, passionately assisting mortgage holders get the best mortgage, and educating them on “The Mortgage Show” on CKNW for over a decade and through her best-selling book “The Mortgage Code” available on Amazon. To purchase the book click here: The Mortgage Code. Proceeds from her book sales are donated to local charities helping families in the tri-city community.  For media interviews, speaking inquiries or personal mortgage assistance, please contact Angela at callateam@dominionlending.ca or 604-802-3983.