Lisette Amalfi
Greater Golden Horseshoe
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What's New for First Time Homeowners
January 17, 2025
Here's an updated summary incorporating Lisette Amalfi as a resource for first-time homebuyers in 2024/2025:
Updates for First-Time Homebuyers (2024/2025)
Government Incentives and Programs
- Home Buyers’ Plan (HBP) Enhancement:
- The federal government has increased the HBP withdrawal limit from $35,000 to $60,000. This allows first-time buyers to use more of their Registered Retirement Savings Plan (RRSP) funds towards a down payment without immediate tax implications.
- How Lisette Amalfi Can Help: Lisette can guide you through the HBP process, ensuring you maximize the benefits of this program.
- First-Time Home Buyers’ Tax Credit (HBTC):
- Eligible first-time buyers can claim a non-refundable tax credit of up to $1,500 to help offset closing costs.
- Lisette’s Expertise: She can help identify all available tax credits and ensure you take full advantage of them.
- First Home Savings Account (FHSA):
- A new program that allows contributions up to $8,000 annually (lifetime limit of $40,000). Contributions are tax-deductible, and withdrawals for a first home are tax-free.
- Lisette’s Advice: Lisette can provide insights on how to incorporate the FHSA into your overall financial strategy.
- Extension of HBP Repayment Period:
- Buyers now have an additional three years before needing to start repaying withdrawals made between January 1, 2022, and December 31, 2025.
- Guidance from Lisette: She can help you understand the repayment terms and integrate them into your financial planning.
Market Trends and Mortgage Rates
- Interest Rate Reductions:
- The Bank of Canada has reduced the benchmark interest rate to 3.25% (as of late 2024) with further reductions expected in 2025.
- Lisette’s Role: With her expertise, Lisette can help secure the best mortgage rates and explain how rate trends might affect your borrowing options.
- Housing Market Activity:
- Home sales are on the rise, with a 10% increase in the last quarter of 2024. Lower borrowing costs have fueled market activity.
- Lisette’s Advice: She can help you navigate a competitive market and position yourself for success.
Why Work with Lisette Amalfi?
Lisette Amalfi is a trusted mortgage broker specializing in first-time homebuyers. She offers:
- Personalized Support: Tailored advice based on your unique financial situation and goals.
- Access to Multiple Lenders: Lisette ensures you get competitive rates and terms.
- Expert Guidance: From understanding government programs to navigating fluctuating market conditions, she simplifies the process for you.
- Stress-Free Experience: Lisette takes care of the details, so you can focus on finding your dream home.
Recommendations for First-Time Homebuyers
- Stay Informed: Lisette can keep you updated on changes in government incentives and market trends.
- Assess Financial Readiness: Work with Lisette to evaluate your budget and borrowing capacity.
- Act Strategically: With her guidance, you can make confident, informed decisions about timing, location, and loan terms.
By partnering with Lisette Amalfi, you’ll have an experienced professional to guide you every step of the way, ensuring a smooth and successful journey to homeownership.
Working with a Mortgage Broker Online
January 17, 2025
Working with a mortgage broker online offers numerous advantages, particularly for busy professionals or those who value convenience and efficiency. Here are some of the key benefits:
1. Convenience and Accessibility
- 24/7 Access: You can research, communicate, and complete tasks at any time, removing the need to visit a physical office.
- Remote Assistance: Handle the entire mortgage process from the comfort of your home or workplace, especially beneficial for those in rural or remote areas.
2. Time-Saving
- Quick Comparisons: Brokers can instantly access and compare multiple lenders, saving you the time of researching individually.
- Fast Communication: Online platforms often facilitate quicker communication via email, video calls, or chat.
3. Wider Range of Options
- Broader Network: Online brokers often have access to more lenders, including smaller, non-traditional institutions that might not be on your radar.
- Tailored Solutions: They can match you with customized products based on your needs.
4. Transparency
- Real-Time Updates: Many brokers provide online tools to track your application’s progress.
- Clear Documentation: Online systems allow you to review all terms and conditions conveniently, ensuring you’re fully informed.
5. Cost-Effective
- No Hidden Fees: Many online brokers disclose fees upfront, and some even offer no-cost consultations.
- Competitive Rates: Brokers often negotiate better rates than those offered by banks directly.
6. Streamlined Processes
- E-Signatures: Complete paperwork digitally, speeding up approval times.
- Document Upload: Securely upload required documents without needing to print or mail anything.
7. Expertise and Guidance
- Personalized Advice: Despite being online, brokers provide tailored recommendations and expert insights.
- Market Updates: They stay informed about rate changes and lending policies, helping you make timely decisions.
8. Flexibility
- Adaptability: Online brokers can cater to a wide range of client needs, including first-time buyers, self-employed individuals, and investors.
- Global Reach: If you're buying property in a different province or country, online brokers can often assist without geographical limitations.
9. Support Throughout the Process
- Ongoing Communication: Brokers keep you updated at every step, even post-closing.
- Rate Monitoring: Some brokers monitor interest rates and alert you about refinancing opportunities.
Why Choose an Online Broker Like Lisette Amalfi?
Lisette Amalfi offers personalized, accessible mortgage solutions online, combining expertise with the convenience of digital tools. She ensures that clients:
- Understand their options.
- Receive competitive rates.
- Have a seamless, stress-free experience from start to finish.
If you’d like to learn more about how Lisette can assist you online, let me know!
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Greater Golden Horseshoe Mortgages: Celebrating Five Years of Excellence
January 30, 2024
Celebrating Five Years of Excellence at Greater Golden Horseshoe Mortgages
As we mark the fifth anniversary of Greater Golden Horseshoe Mortgages, it's a time to reflect on our journey, celebrate our growth, and look ahead to an even brighter future.
A Milestone Merger
Our story began in 2019, with the strategic merger of Karen Monteiro’s Mortgage Alliance Maximum Results Financial Services and Lisette Amalfi’s Oac Mortgages. This union pooled over 40 years of mortgage expertise, laying the foundation for a company dedicated to exceptional service and client satisfaction.
Our Rebranding: A New Era
Coinciding with this significant anniversary, we're excited to introduce our new logo. The upside-down gold horseshoe cradling a home symbolizes the stability and protection we strive to provide our clients. This rebranding reflects our commitment to excellence and our continuous evolution as a leading mortgage brokerage.
"Golden Opportunity" Contest: A Token of Gratitude
In appreciation of our clients, we're launching the "Golden Opportunity" contest. Clients closing a mortgage transaction with us from January 2024 through December 2024 will be entered into monthly draws to win 1 gram of gold, and a grand year-end draw for 1 ounce of gold. This contest is a testament to our gratitude towards our clients and our commitment to enriching their experiences with us.
Our Team: The Backbone of Our Success
Our dedicated team of agents has been instrumental in our success. Their expertise and commitment have been central to our growth, enabling us to provide personalized and efficient mortgage solutions to our clients.
Looking Forward
As we celebrate this milestone, we remain focused on our mission to offer top-tier mortgage services and client-centric solutions. Our journey ahead is filled with opportunities for innovation and further growth, always keeping our clients' needs at the forefront.
Conclusion
Our fifth anniversary is not just a celebration of our past achievements but a stepping stone towards a future of continued success. We look forward to forging ahead with our commitment to excellence, our reinvigorated brand, and our ongoing dedication to our clients.
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