The Benefits of Pre-Approved Mortgages in Ottawa

The Benefits of Pre-Approved Mortgages in Ottawa

If you’re planning on buying a home in Ottawa, one of the best things you can do to simplify the home buying process is to get pre-approved for a mortgage. A pre-approved mortgage can give you the confidence and peace of mind you need to start house hunting, and can save you time, money, and stress in the long run. Here are some of the key benefits of pre-approved mortgages in Ottawa. 

Benefits of Pre-Approved Mortgages in Ottawa

1.Know your budget 

You will have a clear understanding of your budget before you start house hunting. This can help you narrow down your search to homes that you can afford, saving you time and frustration. 

2.Competitive interest rates 

When you get pre-approved for a mortgage, you’ll typically receive a competitive interest rate based on your credit history and financial situation. This can save you money over the life of the loan by reducing your interest costs. 

3.Faster home buying process 

When you’re pre-approved for a mortgage, you’ll be able to move quickly when you find the right home. This can be a significant advantage in a competitive housing market, where homes can sell quickly. By having your financing in place, you’ll be in a stronger position to make an offer and close the deal quickly. 

4.Negotiating power 

Having a pre-approved mortgage can give you negotiating power when it comes to making an offer on a home. Sellers are often more likely to accept an offer from a buyer who has financing in place, as it reduces the risk of the sale falling through due to financing issues. 

5.Reduced stress 

One of the biggest benefits of pre-approved mortgages is that they can significantly reduce the stress and uncertainty of the home buying process. By knowing how much you can afford and having financing in place, you can focus on finding the right home and making a successful offer, without worrying about financing issues or unexpected costs. 

Conclusion

If you’re planning on buying a home in Ottawa, getting pre-approved for a mortgage is a smart and practical step. By knowing your budget, having competitive interest rates, moving quickly, negotiating effectively, and reducing stress, you’ll be in a better position to find the right home and make it yours. 

Contact Capital Mortgages today to learn more about refinancing and how we can help you save money on your mortgage. Our team of experienced mortgage professionals is here to help you navigate the process and to find the mortgage solution that best meets your needs. Whether you are looking to lower your monthly payments, pay off your mortgage faster, or access equity in your home, we can help you explore your options and find the best mortgage solution for your unique situation. So, if you are thinking about refinancing your mortgage in Canada, don’t hesitate to contact us today! 

 

We here at Capital Mortgages in Ottawa look forward to assisting you with all your Ottawa mortgage needs. Contact us today by calling us at: 613-228-3888 or email us direct at: info@capitalmortgages.com

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Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry.

Five Questions You MUST Ask Your Mortgage Broker

As you navigate through the process of applying for a mortgage, you are going to encounter a multitude of steps, paperwork, and challenges along the way. Just when it seems like everything finally makes sense, boom – you come across a hidden charge, surprise component, or another tidbit of information that you had no idea would be involved in the process. To simplify things and gain a broader understanding of the journey you are about to embark on, here are five questions you should definitely be asking your mortgage broker.

 

What Types of Lenders are Available to You?

 

All lenders are not equal! Your mortgage broker will work with you to determine your overall financial situation before recommending a suitable lender based on your needs and constraints. They will do a great job of ensuring that you are opting for the least amount of risk and selecting a financial institution that’s right for you – which is probably not the same as it would be for your best friend or your neighbor. 

 

What Should I Keep In Mind For The Future?

 

In the immediate excitement of purchasing a home, many people can forget to consider what may be in store for the future. An amount you are able to afford today might not necessarily be the right choice for your future, given that you might soon become a parent or change jobs. Even if you are not planning to make any impending lifestyle changes, your mortgage broker will be able to explain rising interest rates to you and incorporate these variable future factors into their negotiations with your lender.

 

Which Interest Rate Do I Qualify For?

 

Your mortgage loan is one thing, but the interest on top of it is a completely different element to consider. The interest rate that you qualify for is dependent on your down payment amount, credit, and employment income. Ask your mortgage broker to explain which rate you qualify for, as this can impact you in two ways. For one, you will end up saving thousands of dollars in the long run if you qualify for a low-interest rate. However, if your rate is higher, your loan will be more expensive to pay back and could potentially become troublesome for you to manage financially. 

 

How Much Should My Down Payment Be?

 

Many people mistakenly assume that if they put a 20% down payment on their home, their mortgage’s interest rate will automatically be lower. However, this isn’t always the case. You can often put down as little as 5 percent and receive the same interest rate as you would if you put down 10, 15, 20 or even more. High ratio insured rates are currently lower than that of a 20% down payment. Your mortgage broker can shed more light on how much cash you should put down, which can be especially helpful if you are worried about cash flow throughout the purchase of your home and impending changes to your lifestyle.

 

Which Type Of Mortgage Should I Consider?

 

There are two types of mortgage interest rates: fixed and variable. Depending on your preferences and tolerance for risk, your broker will recommend that you either opt for a rate that doesn’t fluctuate or one that changes according to market trends. 

While these questions are simply just the tip of the iceberg when it comes to what you should be asking your mortgage broker, they’ll provide a solid foundation for getting started. Don’t forget to also factor in that there are several associated costs with applying for a mortgage – such as appraisals, credit reports, lender’s title policies, pest inspection reports, recording fees, taxes and more! Give Capital Mortgages a call today and we’d be happy to explain further.

Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry.

Are You Using Your Home As An ATM?

It’s a trend that’s becoming concerningly popular: Many homeowners are now opting to re-borrow all or part of what they have already paid off on their home mortgages in order to finance lifestyle purchases. While some people are extremely vigilant in managing the implications involved in refinancing their homes, there are still a number of risks to consider when using your most valuable asset as an ATM.

Firstly, pulling cash out of your account to pay for other purchases will only serve to push up your monthly repayments to a higher amount than they previously were. This is a slippery slope, as you never know what kinds of challenges you will face in life that might prevent you from affording these installments. If the payments become too much to handle, you’ll risk losing your most valuable asset: your home.

To paint a clearer picture, your monthly repayments would increase because of the extra costs involved in extending your mortgage. These include a valuation fee and legal fees. If you don’t have the extra finances to cover these costs and choose to add them to your overall debt, you will risk paying interest on them over the lifetime of your loan.

Of course, some of us will be extra responsible and will manage to pay back all the equity taken out on our homes within a short period to avoid interest charges. However, too many people end up viewing their home’s equity as a savings account and dip into it to pay for lavish purchases like vacations, aesthetic upgrades, or new cars. In this sense, they begin to treat their homes as an ATM and are unprepared for the onslaught of additional charges that comes along with doing so.

Always keep in mind that home equity is not a tangible concept until you sell your house. Until you do, equity is only a perception of your home’s current value. The only way to eventually monetize it is to either sell your property or take on additional debt and interest.

Interested in learning more about the risks behind refinancing your home? Hop on a call with one of our Capital Mortgages brokers today. 613-223-3888

Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry.

What is a Purchase Plus Improvement Mortgage?

When you are preparing to purchase a new home, you will be introduced to plenty of new jargon related to your mortgage. Purchase Plus Improvement is one of the important ones – because understanding this term could end up saving you lots of money in the long run.  

Are you interested in purchasing a new home that requires renovations? Do you intend to do those renovations? Are these renovations capable of truly transforming the structure of your home (i.e. a new kitchen, bathroom, roof, flooring, windows or doors)? Do you need access to funds to complete those renovations right now? If you answered yes to any of these questions, then perhaps a Purchase Plus Improvement Mortgage is for you.  

 

How it Works: 

If you are certain that you will be fronting the bill for some home renovations in the new home you are purchasing, you can actually roll all of those dreaded renovation costs directly into your mortgage. The CMHC Purchase Plus Improvement Mortgage enables buyers to borrow as much as 10% of the estimated value of their home, post-renovation. If you believe you can renovate and improve the value of your home by $30,000, then you will be considered for a mortgage approval that tacks that amount onto your initial pre-approved mortgage amount. That means that all of those expenses are held and managed in one place.  

  • First off, you must outline what renovations are required and the estimated cost of these renovations. 
  • Next, you submit your mortgage application on the house as it currently is, and receive a pre-approval from your mortgage broker.  
  • Now is the hard work – you have to go and get specific quotes (with the exact renovation work that will be done).  
  • Present these quotes to your mortgage broker and your mortgage will be reassessed to include the cost of the quoted renovations. 
  • Now you have your new home and renovations can get underway immediately by a professional contractor or, yourself (but only material costs, not your labour, would be covered)! Do not go over the allotted maximum amount you were approved for. 
  • To confirm the completion of the renovations, a bank representative / appraiser will visit your home and cross reference the work with your initial documents.  
  • Your renovation funds will be released. 

 

Example:

Here is a real-life example of a purchase plus improvement mortgage situation after a 5% down payment is paid (which includes the renovation cost):
  

Home Purchase Cost: $350,000 

Cost of Renovations: $35,000 

Revised Purchase Price: $385,000 

Mortgage Amount: $365,750  

CMHC: $13,167 

Total Mortgage Amount: $378,917 
  

It is without a doubt that this Purchase Plus improvement Mortgage is the most effective and affordable way to finance big home renovations. If you are interested in learning more about this mortgage option, contact our team at Capital Mortgages today for more information. 

 

Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry.

5 First-Time Homebuyer Mistakes and How to Avoid Them

Congratulations! You’ve decided to take the plunge into homeownership and purchase your first home. Now, you have all the excitement of house-hunting and finding your perfect home to look forward to! However, there are some bumps you may encounter along the way if you aren’t properly prepared for them. To help you, here are 5 first-time homebuyer mistakes and how to avoid them:

 

Not doing your homework

Purchasing your first home is a huge step and not one to be made in a hurry. Make sure that you do your homework by researching different neighbourhoods and considering which are most suited to your needs now, as well as 5 or 10 years in the future. Things to consider include walkability, green space, nearby schools, and whether or not the city has any upcoming plans for development.

 

Maxing out your budget

It can be easy to get swept up into the excitement of house-hunting and to start looking at homes that are in the top-end, or even above, your budget. One of the best things you can do before you begin to look at homes is to obtain mortgage pre-approval. With mortgage pre-approval, not only will you demonstrate to sellers that you are a committed buyer, but you will know exactly how much you can afford and what your monthly mortgage payments will be.

 

Not taking other costs into account

There are more costs to take into consideration than simply your monthly mortgage payments. By purchasing a home you are also committing to pay utilities, insurance, maintenance, possible condo fees and property tax. A good way to gain an accurate idea of what costs you can expect is to ask your realtor. You should also factor closing costs, such as legal fees, property tax adjustments and the land transfer tax, into your final numbers.

 

Skipping the home inspection

A home inspection is vital in ensuring you know exactly what you’re getting in terms of the current state of your home. A professional home inspector will look carefully at your home’s foundations, windows and roof, and will tell you if there is any water damage, mould, or structural issues that you need to address. If possible, include a home inspection as part of your conditional offer.

 

Making assumptions

You think the previous owners are leaving behind their appliances, only to arrive on move in day to find they have taken them with them and you are now left to replace a costly washing machine and dryer. If you think the previous owners may leave items behind, or if you have even discussed this with them — make sure to get it in writing. Items such as window treatments, lighting fixtures, and appliances are most often left behind but just make sure you clarify first exactly what you’re getting without making an assumptions.

 

Feeling overwhelmed? Let our team guide you through the homebuying process with ease. Capital Mortgages offers step-by-step personal assistance from knowledgeable mortgage brokers and an easy online application process. We’ll be by your side each step of the way, from helping you understand your options and what to expect, to mortgage pre-approval, and all the way through finalizing your mortgage and the purchase of your home.

 

Ready to talk? We’d love to help!

Reach out to us by phone at 613-228-3888 or by email at info@capitalmortgages.com

 

If you found this information useful, make sure to like and follow us on Facebook, LinkedIn, Twitter and Instagram! We are constantly posting valuable home tips, pertinent news articles, and reliable mortgage advice to better educate and inform our clients.

 

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Making the Most of Your Mortgage Broker

Your relationship with your mortgage broker does not just cover the purchasing of your first home. If you have a good relationship with your mortgage broker, it should exist for the entirety of your adult home-buying life. Purchasing a home can be an overwhelming and confusing experience, and your mortgage broker can be one of your greatest allies in this process. Most mortgages will be up for renewal two or three times during their total term, so there will be plenty of opportunities for you to touch base with your mortgage broker, look at the best current interest rates, and reassess your current financial situation. Here are some ways in which you can make the most of your mortgage broker by forming a strong trustworthy business relationship with them:

 

Be honest

Your mortgage broker can only help you secure the best mortgage for your specific needs if you are completely honest with them about your financial situation. Make sure that you provide your mortgage broker with all of the facts at the very first meeting, otherwise it will just be time wasted further down the road when it all comes out during your application.

 

Keep them updated

Over time, your life goals and plans can change. It is worth keeping your mortgage broker updated of any change in your long-term plans, such as your plans to move to a different city, buy an investment property, or downsize. By knowing this information, your mortgage broker will be able to make the best and most accurate suggestions to achieve your short- and long-term financial goals.

 

Referrals

If you’re happy with your mortgage broker, the best way to show them your appreciation is to refer them to a friend or family member! You can feel confident that your friend or family member is getting the best mortgage advice and be happy in the fact that you helped your mortgage broker gain a new longtime client.

 

Having a good relationship with your mortgage broker will only benefit you in the long-term. At Capital Mortgages, our goal is to be your personal mortgage broker for life. We offer as many in-person meetings, phone communications or emails as required so that all your needs are met. Mortgage solutions are not one-size-fits-all scenarios. We get it right, for you! Contact us today to get started.

 

Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry.

4 Mortgage Pitfalls to Avoid as a First-Time Homebuyer

There are a lots of different factors to consider when purchasing your first home, such as which neighbourhood to buy in, what type of home you can afford, and securing the right type of financing. It is easy to get swept up in the excitement of making your first home purchase however, there are many mistakes to be made if you aren’t careful. Here are 4 mortgage pitfalls Capital Mortgages can help you avoid as a first-time homebuyer:

 

1) Not Getting Pre-Approved

Mortgage pre-approval should be your first point of call as a first-time homebuyer. Not only will a mortgage pre-approval help you understand your upper loan limit and the amount and type of loan you can afford, but it is the perfect time to discuss with your Capital Mortgages broker the whole process of purchasing your first home and arranging the mortgage best suited for you.

 

2) Taking On More Than You Can Afford

It’s normal to want to buy the biggest home you can afford, however, this may not be the wisest move. A larger home means larger mortgage payments, but it also means more expensive home ownership costs, such as property taxes, maintenance fees, and utility bills. Before purchasing a home, you should take all these costs into consideration and avoid taking on more than you need, even if it is affordable.

 

3) Longer Amortization Period

Your mortgage amortization period is the number of years you will need to pay off your mortgage. It is an important decision that can affect how much interest you pay over the life of your mortgage. The most common amortization period is 25 years, but you can choose a shorter or, if uninsured, a longer period of 30 years. A longer period means that your monthly mortgage payments will be lower, but it will take you that much longer to be mortgage-free. More interest will be paid over the life of the mortgage and you will build the equity in your home at a slower pace. It is also worth noting that if you choose an amortization over 25 years, you must have a down payment of at least 20%.

 

4) Not Reading the Fine Print

When applying for a mortgage, it is in your best interest to understand all the terms and conditions that apply to you and be clear in what you are committing to. Your Capital Mortgages broker will be able to go through all documentation with you, step-by-step, and clearly explain anything that you do not understand.

 

We understand that purchasing your first home can be an overwhelming and intimidating experience. With over 20 years experience in the mortgage industry, the team at Capital Mortgages has the necessary knowledge to help guide you effortlessly through finding your first mortgage and beyond. Contact us today to get started!

 

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

7 Financial New Year’s Resolutions for 2019

The beginning of every new year presents a blank page — a fresh start which offers you the chance to begin the year on the best foot. If you hope to become more financially savvy in 2019, then take a look at these top financial resolutions to help you save better and spend smarter in the new year:

 

Do an audit of last year’s spending

The best way to formulate an effective financial plan and to stick to it, is to know your spending habits. Do an audit of your spending and financial habits over the previous year. What were you spending the most amount of money on? Were all the purchases necessary? Identify any financial mistakes and make sure not to make them again.

 

Identify your financial goals and set a budget

Armed with the knowledge from your personal audit, decide on your financial goals for the years and set yourself a realistic monthly budget. Are you saving up for a down payment or a vacation? Perhaps you want to help your child pay for their education. Whatever your goals, be specific. Know how much money you need to save and budget accordingly. Whether you use a personal finance app, a spreadsheet, or a trusty notebook, track all your monthly outgoings and make sure you’re staying within your arranged budget.

 

Automate better financial habits

To get yourself started on a more secure financial path, start by automating some better money habits. For instance, set up a direct debit to send money directly into your savings account after you get paid every month. If you have debts to pay off, calculate those in your budget and automate those monthly payments too.

 

Commit to ‘no-spend’ days

One day a month, or even one day a week if you’re feeling ambitious, commit to having a ‘no-spend’ day where you don’t get your wallet out for any reason. Cook at home, watch a movie with your family, and don’t make any purchases. Think outside the box and find free activities to enjoy. You’ll feel all the better for it!

 

Cut back on bad money habits

What did you notice after looking back over last year’s finances? Perhaps you spent too much money on fancy coffee, or went shopping for new clothes too often. By recognizing your bad money habits, you can make more of an effort in the future to curb them.

 

Connect your resolutions

Bad habits can be hard to break and good ones difficult to form. To make things go a little smoother, try connecting your new year’s resolutions until the become second nature. Planning to get fit and exercise in the new year? For every successful workout you do, put $5 into your savings account. Seeing the money stack up will incentivize you to keep heading to the gym. Miss a workout? You have to pay $5 to a family member or friend instead.

 

Listen to a personal finance podcast or read a book

Knowledge is power and the more knowledge you have about your personal finances, the more power you will have to make smarter financial decisions. There are a huge number of personal finance podcasts available, whether your interest is in investing, frugality, or paying off debt. IF you’re not a podcast listener, pick up a book instead.

 

Looking to secure a mortgage in the new year? Capital Mortgages has been serving the community since 1999 with over 4 billion dollars in mortgages placed. We work to deliver unbiased mortgage advice from a vast choice of mortgage options with dozens of different lenders. For you, this means saving both time and money. Do not hesitate to contact us today!

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

The Best Holiday Gifts for New Homeowners

It’s that time of year again! The holiday season is upon us. No doubt you have a long list of gifts to buy for all the important people in your life. If some of those people are new homeowners, they will likely be looking forward to spending their first Christmas in their new home. To commemorate this important milestone, here are some extra special gift ideas for new homeowners:

 

Key Holder

What’s one of the most frustrating things about being a homeowner? Losing your keys! Ensure this never happens by gifting the new homeowner with a stylish key holder that will take pride of place in their entryway.

 

New Home Christmas Ornament

Give the gift of a happy reminder that will be brought out year after year to adorn the Christmas tree! A personalized ‘new home’ ornament is the perfect way for the new homeowner in your life to always look back fondly on the first Christmas in their new home.

 

Personalised Painting

Commission a local artist to paint or draw a picture of the new home, so that it can hang on the wall for many years to come. Even if the homeowners eventually move, the picture will serve as a joyful reminder of the home in which they shared many happy memories.

 

Engraved Cutting Board

If the new homeowner is a whiz in the kitchen, consider getting them a personalized cutting board that is not only practical, but looks great too. If they would prefer not to use it, they can display it in the kitchen instead.

 

Personalized Doormat

A doormat may seem like an uninteresting gift, but it is likely something the homeowner will not purchase for themselves! There are many options these days, from decorative to comedic, giving you the opportunity to pick the best doormat that fits the homeowner’s personality. For an extra special touch, get a personalized doormat with the homeowner’s name.

 

Champagne Flutes

Christmas means holiday parties, hosting friends, and celebrating the year that has just passed. Help the new homeowner see the holiday season through in style with some attractive champagne flutes that they can use to toast other important milestones in the years to come.

 

Scented Holiday Candle

Scents can evoke powerful memories, especially at certain times of the year. Do you have a favourite Christmas scent? Bring the wonder of the holiday season indoors by giving a beautiful scented candle this Christmas.

 

Are you excited for the holidays? At Capital Mortgages, we love this time of year as it gives us the chance to reflect back on all the wonderful times we have shared with our valued clients. If you are looking to buy a home in the new year and would like to learn more about the financing options available to you, do not hesitate to reach out to the experienced team at Capital Mortgages. Whatever your situation, we can help you find a solution that best fits your needs.

 

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Ottawa’s Coolest Outdoor Activities this Winter

Every year, winter seems to last longer and longer in Ottawa, so the best thing you can do is make the most of it! There is lots of outdoor fun to be had in Ottawa during the winter months, whether you want to get active, try something new, or spend time with family. If you’re looking to enjoy the splendour of winter this year, here are a few outdoor activities in Ottawa and the surrounding area that you should really try!

 

Winterlude

Winterlude is Ottawa’s annual wintertime festival and is always a huge hit with the entire family! Discover the joys of winter by skating on the Rideau Canal Skateway, viewing the stunning snow sculptures, and watching the ice carving competition. Winterlude events are held at various locations in Ottawa including Confederation Park and Jacques-Cartier Park in Gatineau.

 

Ice Dragon Boat Festival

Take the family out to Dow’s Lake this winter for an enjoyable and thrilling experience on the ice! The Ice Dragon Boat Festival will see 100 teams race down the Rideau Canal Skateway in boats equipped with skate-like blades, using spiked ice-picks to propel themselves along the ice. In addition to the racing, there will be free concerts, fun activities, and traditional Aboriginal and Chinese lion dancers. An event surely not to be missed!

 

Patinage en Foret

Take a road trip north of Ottawa to skate the stunning winter woodland trail at Patinage en Foret. The immaculately maintained outdoor skating trail is three kilometres long and offers a thrilling natural skating experience among the trees. After your skate, enjoy a rest with warm drink in the chalet!

 

Escapade Eskimo

Just an hour outside of Ottawa, enjoy the winter experience of a lifetime with Escapade Eskimo’s dogsledding adventures! How better to explore the beauty of winter than by sitting in a sled pulled by a number of excitable husky dogs? In addition to their dogsledding packages, Escapade Eskimo also offer opportunities for snowshoeing, sledding, and relaxing at the spa.

 

Alight at Night in Upper Canada Village

The beautiful Alight at Night experience is Eastern Ontario’s biggest outdoor light festival! See the splendour of Upper Canada Village’s heritage buildings and trees draped in thousands of twinkling lights. Enjoy a scenic wagon ride with a hot beverage, or take a ride on the vintage merry-go-round.

 

Are you looking to secure a mortgage? At Capital Mortgages, we work to deliver unbiased mortgage advice from a vast choice of mortgage options with dozens of different lenders, saving you both time and money. Contact us today to get started!

 

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Why Getting Mortgage Pre-Approval is so Important

Searching for a home can be an exciting but overwhelming task. To make things go as smoothly as possible when hunting for your dream home, consider getting pre-approved for a mortgage first. Mortgage pre-approval can save you time and hassle when you finally find the perfect home! Here are a few things you should know about obtaining a pre-approved mortgage:

 

What is mortgage pre-approval?

A mortgage pre-approval will help you to determine certain financial factors before you start looking for a home, such as the maximum amount you can afford to spend on a home and the expected monthly mortgage payments associated with that price. Applying for mortgage pre-approval is free of charge and doesn’t commit you to one specific lender.

 

Why should I get mortgage pre-approval?

  • The information you receive in obtaining a pre-approved mortgage will aid you in your home search. You will be able to budget accordingly and only look at homes within your financial range of affordability.

 

  • Mortgage pre-approval also allows you to ‘lock in’ a mortgage rate for a 120 day period. This means that even if interest rates go up while you are searching for a home, you are protected and guaranteed a mortgage at the agreed upon rate provided you purchase and close on a home within the 120 day period. If your mortgage lender’s rate falls during this time, the lender will honour the lower rate.

 

  • Being approved for a mortgage also signals to real estate agents that you are a serious buyer. When it comes to placing an offer on a home, your mortgage pre-approval shows the seller that you are stable in regards to financing. It could also help bolster your chances in a multiple offer scenario.

 

How can I get pre-approved for a mortgage?

The first step in getting mortgage pre-approval is to meet with an experienced mortgage agent who will be able to help you determine the best mortgage for your individual needs. They will ask you a series of questions and request specific documentation to get a thorough overview of your financial situation.

 

Capital Mortgages offers step-by-step personal assistance from knowledgeable mortgage brokers and an easy online application process. We’ll be by your side each step of the way, from mortgage pre-approval to finalizing your mortgage and the purchase of your home. Don’t hesitate — contact us today!

 

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Important Home Maintenance Tasks for Fall

Ottawa is truly beautiful in the fall. The leaves on the trees turn from green to breathtaking shades of russet, ochre and crimson, while the crisp fall air provides a refreshing change from the humidity of summer. Fall is a time of transition, and this transition should also apply to our homes as we get ready for the coming winter months. By undertaking a few small home maintenance projects now, we can ensure the health of our homes throughout the colder weather. Our team has gathered together a few important fall home exterior maintenance tips for you:

 

Rake leaves

Taking care of your lawn is not just something to consider during the summer months, you should continue to do so during the fall and winter months as well. Make sure to rake up any leaves before the first snow falls. Leaves left under a layer of snow can rot and smother the grass, meaning you won’t have a lovely green lawn to show off when spring arrives.

 

Mow the lawn

Once you have raked up any fallen leaves, mow your lawn. Mowing the lawn is something that should be done regularly. Frequent mowing keeps your lawn under control and stops the long grass from becoming a hiding place for rodents and other small creatures, who may scurry into your home given half the chance.

 

Clean the gutters

Cleaning out gutters is far from an enjoyable outdoor task, but it is an important one! Clear your gutters of any rotten leaves, sticks or other debris to prevent them from overflowing with water in the case of a heavy rainfall this fall or winter.

 

Fix driveway cracks

If left untreated, any cracks in your driveway could pose a huge problem this winter. When snow falls and settles into the cracks, it could cause the concrete to freeze and then expand, making the cracks even bigger. Depending on the material of your driveway, find an appropriate product to fix cracks in the fall and avoid winter damage altogether.

 

Touch up chipped paint

Paint protects the exterior of your home. If paint is flaking or chipped, it means the protective layer is compromised. Chips and cracks could let in moisture, which cause mould and rot. To avoid this issue, make sure to touch up any chipped or flaking paint on the exterior of your home this fall.

 

Remove moss

Moss may look attractive covering your home but it can actually cause huge problems for both your home’s exterior and interior. Moss holds a lot of water, which can seep into your roof and, if left untreated, eventually inside your home. To avoid water damage or mould issues caused by moss, remove it before it has a chance to spread.

 

Are you looking to purchase a home this fall? At Capital Mortgages, we have the knowledge, experience and network to find you the most favourable financing now and for future terms. Do not hesitate – contact us today!

 

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

What Happens to Your Mortgage When a Natural Disaster Destroys Your Home

Last week a series of tornadoes touched down in the Ottawa/Gatineau region leaving destruction in their wake. Many residents suffered days without power, while others were left completely without shelter as the tornadoes caused irreparable damage to their homes. Our thoughts go out to those affected by the events of last week.

It is likely the last thing on your mind in a moment like this, but in the days and weeks following the catastrophe certain questions may need to be answered. Questions such as “What happens to my mortgage after a house is seriously damaged or even completely lost?”

It may not be much, but we hope to answer some of those questions here in the hopes that this information may prove valuable to those residents most affected.

Here are some key points:

In the event the home is damaged, lost, destroyed, or cannot be occupied, the first phone call you make should be to your insurance company.

Unfortunately, regardless of the condition of the home, the obligation to continue paying the mortgage still exists.  It is particularly important that it be kept up to date to protect your credit rating.

If you have any concerns about your ability to make any of your mortgage payments, then contact your Mortgage Company right away. Even if you think there may be some issues down the road, contact them right away. If you are not sure how to reach them, contact your mortgage broker.

Any property owners that have been affected may experience financial hardship as a result of temporary evacuation or from the need to rebuild or repair their homes. The mortgage lenders as well as the mortgage insurers are keenly aware of this.  

Should you have been impacted, the following options may be available to help you through this difficult time:

  • Deferral of your mortgage payments
  • Re-amortization of the loan to result in lower payments helping you with cash flow challenges.
  • Capitalization of outstanding interest arrears and other eligible expenses onto the mortgage.
  • Special payment arrangements to be agreed upon by you and your mortgage lender.

 

The key here is to contact your Mortgage Lender right away if you have any concerns at all. If you have any further questions, you can reach out to our experienced team at Capital Mortgages and we will do everything we can to help you.

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

5 Ways to Save Energy at Home

There are a number of energy-saving methods and behaviours that can easily be implemented within your home environment. The benefits of these are twofold: they will save you money on utilities and will help to protect the environment. Whatever drives your decision to start reducing your energy consumption at home, know that a few small day-to-day changes could create a lasting impact on both your wallet and the planet.

 

1) Change your light bulbs

This is one of the simplest and most affordable ways to conserve energy in your home. Energy-efficient light bulbs, such as LEDs, use 25-80% less energy than their traditional incandescent counterparts. In addition, they will last much longer! Though the initial cost is slightly more expensive than traditional bulbs, they will save you both money and energy in the long run.

 

2) Turn off appliances and lights when not in use

Though it seems like a no-brainer, many people forget to turn off lights or appliances when they leave a room. Perhaps you leave your porch light on overnight, or like to sleep with the TV on. By changing these behaviours you can help to reduce your home’s energy consumption, as well as your utility bill.

 

3) Choose alternatives

Make smarter energy-efficient choices about when to use certain home appliances: for example, wash dishes by hand instead of using the dishwasher, or hang clothes outside to dry rather than use the dryer. The appliances in your home that use up the most energy are those required to heat and cool it. Consider opening windows or using a fan in the summer, rather than turning up the AC. You might just notice a big difference in your utility bill.

 

4) Purchase a smart power strip

Did you know that when appliances are in standby mode they are still using up a large amount of energy? Electronics such as plasma TVs, DVD players, and computers, all have a standby mode that enables them to keep drawing power even when they are not turned on. Smart power strips can be used to turn electronics and appliances off when they are not in use to reduce energy wastage.

 

5) Install a programmable or smart thermostat

Smart thermostats, such as the Nest, could end up saving your household a couple hundred dollars a year. By programming your thermostat to reduce heating or cooling functions when you are away from your home or when you go to bed, you can easily reduce unnecessary energy consumption.

 

Making your home more energy efficient is a smart financial decision. Another smart financial decision? Choosing to find a mortgage with Capital Mortgages! We work to deliver unbiased mortgage advice from a vast choice of mortgage options with dozens of different lenders, saving you both time and money. Contact us today to get started!

 

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

The Best Things To Do in Ottawa for Newcomers

Are you a newcomer to Ottawa? Welcome! We love this city, and are pretty certain you will love it too. Whether you enjoy adventuring outdoors or prefer to stay within city limits, Ottawa has something fun to offer everyone. If you haven’t visited our fair city before, there are a number of things that should be on your Ottawa to-do list. Here are a few of our favourites:

 

Parliament Hill

What’s a trip to the nation’s capital without a trip to Parliament Hill? Parliament is one of Ottawa’s top attractions and a must-see for any first time visitor to the city. There is always an interesting event happening on the Hill! In the summer months, make sure to catch Northern Lights, the stunning Sound and Light Show. This incredible show projects colourful visual displays onto the Parliament Buildings to the sound of music and spoken words.

 

Rideau Canal

Whether you visit in the summer or winter months, the Rideau Canal should definitely be on your list! In the winter, the Canal is turned into the longest ice skating rink in the world! Nothing beats a hot chocolate and a Beavertail on the frozen Canal after a refreshing icy skate. During summer, take a boat cruise along the Canal, which travels directly through Ottawa’s downtown core.

 

Museums

Ottawa has a number of world-class museums, whatever your interests may be! Learn all about Canadian military history at the Canadian War Museum, be amazed by the beautiful works of art at the National Gallery of Canada, and have fun learning something new at the Canada Science and Technology Museum!

 

Adventures on the Ottawa River

More of the outdoorsy type? Head for a whitewater adventure on the Ottawa River! There are options to raft or kayak, in both the city and further down the river about an hour’s drive from downtown Ottawa. Whether you’re a seasoned thrillseeker or are just looking to dip your toe (pun intended!) into something new, you’ll find the perfect whitewater experience for you.

 

Cycling

One of the most scenic ways to enjoy Ottawa’s sights is by bike! Ottawa has a number of bike paths running all over the city, making it a breeze to travel across the city. On Sunday mornings in the summer, the National Capital Commission (NCC) closes a number of roads to keep them free for cyclists, runners and pedestrians.

 

If you are looking to move to the Ottawa area and need help securing a mortgage, we would love to hear from you! Please do not hesitate to reach out a member of our experienced team today. Alternatively, you can apply directly on our website with our simple online application form.

 

Stories from our Brokers: Jeff Towner

This month we’re continuing our exciting new online series in order to help you get to know our team of brokers! By hearing stories from our brokers in their own words, we hope to give you an insight into the real people behind our dedicated team of staff — so that you’ll feel confident in choosing Capital Mortgages as your mortgage broker for life.

 

Name: Jeff Towner

Time with Capital Mortgages: 8 years

 

What do you love most about your job as a broker with Capital Mortgages?

I feel Capital is a smaller brokerage made up of more serious high level agents who are dedicated to the job. The acceptance and openness with the owners make me feel welcome and included. It’s nice to be able to talk to the owners should a situation arise rather than not be able to reach them at all.

 

Tell us the most inspirational story from your work as a broker?

I met with a new client back in 2013. He was about to lose his house and didn’t even want to take the meeting with me since he felt that he had explored all of his options and was about to give up. I was able to facilitate a private mortgage and with those proceeds brought the mortgage back up to date, as well as consolidated a few debts to reduce his monthly expenses. We kept in touch over the next two years and when his first mortgage came up for renewal the bank’s offer was not good at all. I spent the time needed to source a new first mortgage in which we cleaned up some of the remaining things hurting his credit. This was a great feeling for me as I felt we were slowly moving in the right direction and his credit score had improved since we had met two years ago. This past December his mortgage was up for renewal again and after years of hard work his credit had reached a level where I was able to source a new first mortgage with an A lender at best discounted rates AND roll in the high interest second mortgage. For the first time in over 5 years he actually showed emotion and expressed to me how grateful he was that I stuck with him. That hits deep when a client really voices their appreciation for you after a long journey.

 

Tell us the funniest or most embarrassing moment from your work as a broker?

Even though I’m not in the office as much as other agents I love the camaraderie via email. There is a core group of us that love to get on each other and for me it really lightens the day, which we certainly all need sometimes.

 

What is your #1 piece of advice for first-time home buyers?

Assemble a team of industry professionals you can trust and try not to let 20 different unqualified people give you advice as it can get confusing. Trust in your team and ask lots of questions. A good team works with you every step of the way to achieve home-ownership.

 

What is your favorite thing to do in Ottawa?

Spend time with my family and play golf.

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

6 Home Renovations to Boost Property Value

Whether they have just moved into a new property and it requires some TLC or you they are looking to make some updates to their current family home, the majority of homeowners will usually undertake some kind of renovation on their property while they live there. But did you know that there are some renovations that will not add value to your home? To help you avoid losing money on renovations that won’t give you a sufficient return on your investment, we’ve gathered together the top six home renovations that are guaranteed to boost the value of your property:

 

1) Manufactured stone veneer

Increase your home’s curb appeal, and reel in potential buyers, by updating your unsightly old vinyl or siding with manufactured stone veneer. This attractive update will give a huge facelift to your home and is almost guaranteed to recoup costs when selling.

 

2) Garage door

Consider replacing your current garage door with a modern-looking one with galvanized steel tracks. This update offers another boost to your home’s curb appeal while also providing a practical investment.

 

3) Deck

A well-made and good looking deck is certainly a worthwhile investment to your home. Often, a nicely installed deck will make you back the dollars spent on it. If you have a small yard, a deck will make especially good use of your outdoor space.

 

4) Front door

Potential buyers often make up their minds within the first 30 seconds of visiting a house. Make sure your home packs a punch with an attractive front door. Other things to consider are a nice-sounding working doorbell and a covered entryway or awning. Nobody likes the thought of getting drenched with rain (or snow!) when fumbling for their keys at the front door!

 

5) Floors

Floor renovations don’t need to cost a lot of money. Do you have hardwood floors that squeak? A few nails can take care of that. Do your wood floors need a refresh? Consider refinishing them. Are your floor tiles cracked or chipped? Replace them. Avoid wall-to-wall carpeting as this is not popular with potential homebuyers.

 

6) Walls

A fresh lick of paint on your walls is one of the easiest and most affordable investments you can make in your home. Neutral colours are most appealing to potential buyers so you might want to consider painting over any bright or bold colours. Before you put your home on the market, make sure to fix any holes, marks, or chipped paint on your walls.

 

You can also save money by choosing the right mortgage for your needs. At Capital Mortgages, we have the knowledge, experience and network to find you the most favorable financing now and for future terms. Contact us today to learn more.

 

10 Brilliant & Decorative Home Organization Hacks

 

 

You can easily find gorgeous home décor and useful storage solutions (i.e., storage bins), but it’s harder to find a combination of the two. Areas where home organization solutions are needed are often areas that will also be on full display to guests so, ideally, they should function as tools to de-clutter while still adding to the attractiveness of your home.

 

 

If you cringe at the thought of hideous plastic storage crates and bland cardboard boxes, here are 10 simple, creative and functional home organization and storage ideas that will heighten your home’s aesthetic:

 

1) Display kitchen essentials on a tray

This easy hack can transform your kitchen: Round up your most-used kitchen items (i.e., olive oil, salt and pepper shakers) and place them on a decorative tray to help your kitchen counters look elegant and put-together.

 

2) Use a magnetic knife rack in your bathroom

Install a magnetic knife rack in your bathroom to ensure you always know where your nail clipper, bobby pins and tweezers are.

 

3) Display jewellery on your vanity

Instead of hiding away your stylish earrings and jewellery in a drawer, sort them into beautiful arrangements on a decorative catch-all dish, glass box, or by hanging them from a jewellery tree or cork board.

 

4) Buy matching hangers

If you often have visitors to your home, your entryway closet will see a lot of action. Buying matching hangers—especially good-quality wood hangers—will help your closet look tidy and uniform and save on space between hangers.

 

5) Keep boots looking their best

Do you hate the way your boots sag and lose their shape in your closet? Cut up a cheap pool noodle to pop in your boots and ensure they look their best, even when you’re not wearing them.

 

6) Pare down your linen closet

Give your linen closet a polished look by removing old, fraying or mismatched towels, extra sheet sets and other out-of-place items.

 

7) Group bathroom essentials together

Simply filling containers, such as a glass mason jar, with everyday items like cotton balls or Q-tips can beautify your counter while making things easier to reach for.

 

8) Upcycle tin cans

Wrap tin cans in colourful scrapbook paper to match your home’s decor. The colourful containers can then be used for anything from pens and pencils, to kitchen utensils or even flowers!

 

9) Tie linens and towel sets together with ribbon or twine

For a more coordinated look, sort and decorate your linen or towel sets with colorful ribbon, twine or yarn.

 

10) Organize pots and lids

Save yourself space (and headaches) by organizing pots and pot lids with a lid organizer or hardware store tension rod installed in a drawer.

 

Are you tired of searching around for the most favourable mortgage rates? We have an outstanding range of mortgages and lenders available to help you build the mortgage blueprint that best fits your financial future. Contact Capital Mortgages today and let us take care of you.

 

New Mortgage Rules 2018: What You Need To Know

If you own a home in Canada, are currently house-hunting, or are looking to buy sometime in the near future, you’ve no doubt been following the news closely for the past few months. As soon as word hit that the Office of the Superintendent of Financial Institutions (OSFI) would be introducing new mortgage rules at the start of 2018, people started scrambling to understand what this would mean for them and their home purchases.

 

Now that January is here, and the new mortgage regulations have been implemented, you may be feeling more confused than ever. Read on to learn more about the new mortgage rules introduced on January 1, 2018, and how they might affect you this year:

 

What Are The New Rules?

There are a number of changes but the one garnering the most attention, and the one that will affect the most people, is the introduction of a stress test for all mortgage applicants. Now, regardless of the size of their down-payment, home buyers will have to show that they can afford their mortgage payments should interest rates increase. Under the new mortgage “stress test”, potential home buyers will need to qualify for a mortgage at a rate either 2% higher than the mortgage rate they qualified for, or at the Bank of Canada’s ‘benchmark’ rate.

 

Why Are The New Rules Being Introduced?

While taking into account the rapidly rising prices seen in the Canadian real estate in the past few years, the new rules are aimed at cooling the housing market and keeping things under control. In the past decade, Ottawa has made six regulatory changes to the mortgage market in an attempt to limit the amount of debt taken on by Canadians and financial institutions in Canada.

 

Who Will Be Most Affected?

The new mortgage rules will likely affect around 100,000 Canadian home buyers, as well as those looking to refinance their mortgages in 2018. Home buyers will have less purchasing power than they would have done before the rules were implemented on January 1st .This could mean that home buyers will have to settle for a less expensive home than they had originally anticipated, or will have to wait to save up a larger down-payment. Homeowners looking to refinance their mortgage in 2018 will have to qualify according to the higher stress-state rates rather than the actual mortgage rate. This means that homeowners may have to settle for a smaller mortgage.

 

The team at Capital Mortgages happily extends our services to help you understand the 2018 mortgage rules and how they will affect you, your family, and your finances. We have summarized the new rules as best we can in this blog post for you but, should you have any further questions, please do not hesitate to reach out and speak with one of our experienced mortgage brokers today.

 

5 Questions to Ask Before Buying Your First Home

 

Finding and purchasing your first home can be both thrilling and frightening all at once—thrilling because you’re taking a major step toward independence, and frightening because of the added responsibility that step means.

 

Buying a home is easily one of the biggest financial decisions you’ll make in your life, so it shouldn’t be entered into without asking yourself some critical questions:

 

1) Am I ready to become a homeowner?

Homeownership requires more commitment and maintenance than other alternatives (such as renting). As a homeowner, you’ll be responsible for fixing anything that breaks, as well as maintaining the interior and exterior of your home. It also means you’ll be less mobile, since you will be legally and financially bound to your home (until you decide to sell it).

 

2) How much can I (reasonably) afford?

One major mistake first-time home buyers often do when house-hunting is to ignore the price tag. Take a look at your finances (i.e., income, debt, expenses) and determine what portion of your budget you could dedicate to a mortgage payment. As a general rule of thumb, you’ll want to keep your home payment less than 35% of your monthly income.

 

3) What will be my total out-of-pocket costs?  (i.e., utilities)

There are plenty of “hidden” costs when it comes to purchasing a home, including closing costs and possibly condominium association fees. In addition to figuring out your future monthly payment, you’ll want to decide how much you’ll want to save for your down payment, minimum 5%, and additional costs incurred during and after your home’s purchase such as property taxes. You’ll need to include utilities and any other new expenses when doing budget forecasting.

 

4) What loans do I qualify for?

After you determine how much of a mortgage you can reasonably afford, you’ll need to apply for a mortgage to see how much a lender is willing to lend you (or, the maximum loan amount). This amount will differ based on variables such as your credit history, debt-to-income (DTI) ratio and employment and income. Pre-qualifying before determining a final mortgage allows for more flexibility in your mortgage rates and amount.

 

5) Will this home fit my long-term needs?

Do you foresee your job moving locations in the near future? Will you be expanding a family or taking care of a parent? You’ll need to make sure that whatever home you choose to invest in will not only cover your immediate needs, but your future needs in years to come.

 

Are you ready to take the leap into home ownership? Capital Mortgages can help you find the best mortgage by searching the most competitive lenders in Canada. Contact us today!

 

Pre-Qualified, Pre-Approved Mortages Ottawa, Ontario

Low Cost Ways To Prepare Your Home For Winter

Heating a house during cold weather can be expensive. When you want to save money on the utility bills and enjoy a cozy, warm house, you may wonder what steps you can take now to prepare for the season. These low cost ways to prepare your home for winter could save you money and also make your home more energy efficient.

One of the first steps you may take involves installing weatherstripping. This can be either foam or felt. It is sold at most hardware stores and is effective in stopping drafts and cold air from coming in around the doorways, windows, and cracks in the walls.

Another remedy that might work is putting a door sweep on the front and back doors. This installation is a strip of rubber or plastic that is held in place at the base of a door with aluminum. It prevents cold air from coming in under the door and into a house and the room in which the door is located.

Along with filling in gaps and cracks in the doors, walls, and windows, you also could do well to seal up air gaps in the attic. Cold air can come in through the attic and cause the utility bills to rise substantially during this season. Your house also will be drafty and uncomfortable instead of warm and snug.

To find the gaps and leaks, you are advised to pull back the insulation and inspect the attic. If you find any cracks, you can seal them up with caulk or foam. This safeguarding the upper level of a home can keep the bills low and make the residence warmer. You also can add more insulation to the attic if you find that the old insulation has grown thin or has become damaged.

If you have a chimney in the residence, you likewise are advised to close the draft to it once the weather turns colder. Cold air can come in through the flue of the chimney. Closing it off keeps the colder air out of the house. When you use the chimney, however, you will need to open the flue again.

These tricks can go a long way in making the home warmer during the winter. They are relatively simple and do not take a long time to complete. They can make the utility bills more affordable as well during this time of the year.

 

Pre-Qualified, Pre-Approved Mortages Ottawa, Ontario

Five Reasons why Ottawa is a Great Place to Live and Buy a Home

Re-locating might be one of the hardest things to do. Finding a great place to buy a home and live can be a difficult decision. Several factors must be put into consideration before one can buy a home in a new town. You will require a place with all the necessary amenities and affordable housing. One such place to live in is in Ottawa. There are several features that make Ottawa an interesting place to live in. Lets take a look at some of the benefits of buying a home in Ottawa.

1 A stable housing market that is easily affordable

No matter the number of features a place might have, the prices of houses must be put into consideration in this tough economic times. Those who have tried to buy a home in Toronto and Vancouver can tell the price differences with Ottawa. One can easily get a residential class property at an average of $380,000. The prices of houses in this city are very stable and rarely affected by changes in the economy like in most cities within Canada.

2 Excellent learning institutions

Ottawa has all kinds of learning institutions to suits all the education needs of your children. Both public, Catholic and private schools offer high quality education with some even offering French classes part time or full time. Some of the learning institutions include places like University of Ottawa Carleton, University of Ottawa and Algonquin College.

4 Great recreational centers and amazing nature

Ottawa is blessed with numerous parks and beautiful rivers giving the residents the outdoor experience they need without driving for kilometers to get away from the city. Many regional parks one can easily spend the afternoon. The roads have several bicycle paths allowing people to free cycle for long distances without been disturbed by traffic.

The Gatineau Park offer a wide range of activities from swimming, hiking, walking, snow shoeing and skiing. These are just but a few of the places one can visit to have fun. For sports fun, there are several teams you can cheer during the weekend like the Ottawa Redblacks football team and the Ottawa Senators for hockey.

4 Amazing arts scenes

Ottawa is home to the Canadian War Museum and the National Gallery. These are some of the places one can visit during the weekends and learn about the amazing Canadian history. For music lovers, Ottawa hosts many music festivals like FolkFest, Bluesfest and several other for live performances.

5 Easy transportation

For those who hate traffic jams, Ottawa is their ideal place with great rail and bus system that ensures commuting is made easier. The transportation is further expected to be much better with the completion of the new light rail transit.

If you are considering a move to Ottawa in the near future and have any mortgage questions our qualified team can answer for you please do not hesitate to ask.

https://shaunnamcintosh.ca/

TOP DECOR TRENDS THAT WILL LIGHT UP YOUR NEW HOME

Any type of house design purchased for residential purposes needs that personal touch that gives it a one in a kind look. Townhouses, condos or detached units can be enhanced through inner creativity and expression. Looks can be transformed through adopting classic styles, transforming small spaces and color, use of sustainable technology and clean energy sources or simply taking a bold step towards new futuristic concepts.

Working with small spaces

Condos are a favorite category for trying out this growing trend. Technology facilitates the gradual transition to nicely executed arrangements and lighting ideas that cut back on any unnecessary bulkiness. This is in line with new inventions such as the tablet that replaced desktop units. Plug-in lights that are movable can be used around the home for different uses while folding furniture can be stowed away when not in use.

Altering color themes

Preferences are shifting from toned down hues like beige to bolder lively colors that accentuate the general outlook. Typical paint and wall covers needed for your home are readily available and fairly inexpensive if you do your research.

Taking on classics

Good quality grade materials such as hardwoods keep making a comeback as stylish décor trends time and again. Modern home buyers still have an eye for contemporary fittings made from these materials for they are sure to remain attractive and relevant. Stainless steel has its own distinct allure as a kitchen favorite due to its inherent practical function.

The sustainable movement

Use of just enough resources for a concept project with a minimal environment implication opens up many possibilities. Low flow toilets are an incredible invention that can be termed sustainable. Technology and composite material can be used accordingly to make your new home aware of its enviornment.

Ideas for the future

Architects and designers alike are in consensus that the future holds a kind of radical conversion from the conventional brick-mortar, glass-and-steel construction to ancient building materials present in the immediate environment. Global research efforts are being directed into alternatives to look into their viability.