WOMANITION MAGAZINE Womanition2017_Magazine_ForWEB (old) | Page 94

Mortgage Broker/Owner Sandy Fisher Verico iMortgage Magicians – Making Approvals Appear Right Before Your Eyes “Mortgage” is defined basically as a legal agreement allowing you to borrow money from a lender to buy specific property. Many aspiring homebuyers would describe “mortgage” more simply, as the key to realizing their dreams. Yes, it’s still a much sought-after goal, however, as for “basic” or “simple”, qualifying for a mortgage nowadays is anything but. In fact, if you’re unfamiliar with the government-imposed changes that rocked the housing industry late last year, then you’d likely be quite surprised to learn that you could sell the $400,000 home you purchased last spring, and find yourself unable to secure a mortgage for more than $320,000 today. Did you know that interest rates are currently higher for an individual offering a 20% down payment as opposed to someone paying only 5%? Clearly, now more than ever, homebuyers require reliable, professional expertise to help them navigate this inscrutable, ever-changing business. Sandy Fisher, broker/owner of Verico iMortgage Solutions has compiled a devoted team of over forty top mortgage professionals to do just that! “Your BUYING POWER has essentially been reduced by 20%!” Sandy explains, “Now, potential homebuyers must qualify, not just for the negotiated interest rate they’ll actually pay, but for a higher predetermined rate. We can no longer quote interest rates by phone. Instead, the changes have Broker/Owner SANDY FISHER Verico iMortgage Solutions Phone 780-982-1511 [email protected] www.i-mortgagesolutions.ca 92