General Damilola Azeez 9 Mar
MYTH: You should wait until HOME PRICES drop to buy.
FACT: Trying to time the market is risky. If rates drop, competition usually increases which can push home prices up. Sometimes buying at a slightly higher rate with less competition and refinancing later when rates drop can make more sense.
Rates might drop… timing the market is tricky. Don’t gamble on timing the market. Buy smart now, refinance later if needed.
damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943
General Damilola Azeez 7 Mar
Helping Canadians finance their dream homes | First-Time Buyers | Refinancing | Reverse Mortgages | Spousal Buyouts
Based in Ontario | Licensed Mortgage Agent #12806
Available Anytime | Access to Multiple Lenders
damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943
General Damilola Azeez 4 Mar
Condominium – $329,000
Location: Mississauga, Ontario
Minimum Down Payment (5.00%) – $16,450 | Monthly Mortgage Payment – $1,494
BREAKDOWN
Home Price – $329,000
Minimum Down Payment – $16,450 (subtract from home price)
Total Mortgage Balance – $325,677
damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943
General Damilola Azeez 2 Mar
MYTH: Fixed rates are always better than variable rates.
FACT: Neither is “always” better; it depends on your risk tolerance, timeline, and market conditions. Fixed rates give stability and predictable payments. Variable rates often start lower and can save money if rates drop but the opposite could happen. The best option depends on your financial comfort and long-term plan.
Your cousin says fixed rates are best. Your friend says variable rate is smarter. Who’s right? Both can be right… for the right person. Let’s find the option that fits your plan.
damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943
General Damilola Azeez 28 Feb
Detached House – $1,000,000
Location: Oakville, Ontario
Minimum Down Payment (20.00%) – $200,000 | Monthly Mortgage Payment – $3,670
BREAKDOWN
Home Price – $1,000,000
Minimum Down Payment – $200,000 (subtract from home price)
Total Mortgage Balance – $800,000
damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943
General Damilola Azeez 25 Feb
Helping Canadians finance their dream homes | First-Time Buyers | Refinancing | Reverse Mortgages | Spousal Buyouts
Based in Ontario | Licensed Mortgage Agent #12806
Available Anytime | Access to Multiple Lenders
damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943
General Damilola Azeez 23 Feb
MYTH: You need perfect credit to get a mortgage.
FACT: While better credit gets you better rates, you don’t need perfect credit. In Canada, most lenders want a minimum credit score of 600-680, though some alternative lenders go even lower. If you have past credit issues like bankruptcy or collections, you can still qualify after a waiting period and with a larger down payment.
damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943
General Damilola Azeez 21 Feb
Town House – $750,000
Location: Milton, Ontario
Minimum Down Payment (6.67%) – $50,000 | Monthly Mortgage Payment – $3,346
BREAKDOWN
Home Price – $750,000
Minimum Down Payment – $50,000 (subtract from home price)
CMHC Insurance – $29,400
Total Mortgage Balance – $729,400
damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943
General Damilola Azeez 19 Feb
Helping Canadians finance their dream homes | First-Time Buyers | Refinancing | Reverse Mortgages | Spousal Buyouts
Based in Ontario | Licensed Mortgage Agent #12806
Available Anytime | Access to Multiple Lenders
damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943
General Damilola Azeez 18 Feb
What is Refinancing?
Refinancing is the process of replacing your current mortgage or loan with a new one, often to take advantage of lower interest rates or improved loan terms.
The Pros of Refinancing
damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943