Real Talk with Jonathan Sowerby: Know your buying power!

A home is one of the most significant purchases a person can make in their lifetime. If you're seriously thinking about taking the first steps towards investing in Real Estate the first step you will need to take is getting pre-approved. 

We love seeing our client's eyes light up when they've found "the one," however, it's not always an easy road - especially if you're in a HOT market like Toronto. It's important to first, be prepared with the right professionals in your corner and know your buying power.

We recently sat down with our preferred Mortgage Broker, Jonathan Sowerby from TvH Group. Jon is a licensed Mortgage Broker who is wildly knowledgeable, responsive, and works tirelessly to find a mortgage that's right for his clients.

From simply what is a Mortgage Broker and the difference between working with a broker vs a bank to chatting about how long a pre-approval is valid for and COVID's impact on 2020 tax filings and financing eligibility in the future - we dig into it all. Plus, Jon gives us his prediction on what to expect from financing rates in 2021.

"We like to go through the individual property with the potential borrower at the time they look to make an offer and I think we've found over the years that's really the best way to mitigate risk and put them in the best possible position to be successful with their offer and ultimate closing on the financing."

Connect with Jonathan Sowerby:
Website
Jon@tvhgroup.ca
416-488-0074

We would love to hear from you! If there are any Real Estate related topics or questions you would like us to talk more about, let us know in the form below.