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The Mortgage Coach

@themtgcoach

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FSRA# 13120, CMP's TOP
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📉 Are interest rates finally nearing their peak?

Fixed and variable mortgage rates don't always move together - and understanding the difference could help you make a smarter mortgage decision.

🏡 Renewing soon?
📊 Have a variable mortgage?
🔑 Planning to buy?

Don't wait for the next rate announcement to make a plan.

DM me HOLD, VARIABLE, or BUYING, and let's explore your options.

Mortgage rates and lender terms can change. Individual outcomes will vary.

#homeowners #firsttimehomebuyers #ontariorealestate #realestatenews #mortgagetips

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Most first-time buyers in Ontario budget for the down payment — and forget about everything else that comes due on closing day. 👀

We’re talking land transfer tax, legal fees, title insurance, adjustments... it adds up fast.

I broke down exactly what to expect (and how much to set aside) in my latest blog post. Link in bio → ericprice.ca

#OntarioRealEstate #FirstTimeHomeBuyer #ClosingCosts #PriceMortgages #TheMortgageCoach

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Approved for your mortgage? Don’t celebrate with any large credit purchases just yet. 🚫🚗

Your mortgage isn’t final until closing day. Lenders can re-check your credit, debts and employment right up until you get the keys, so a few common moves can put your approval at risk:

🚗 New debt. A car loan or furniture on credit raises your monthly payments and lowers how much you qualify for.
💳 Maxed-out credit cards. High balances can drop your credit score right before your lender checks it again.
💼 A job change. A new role can come with a probation period or different pay, which means your income has to be re-verified.

Planning a big money move before closing? Talk to your mortgage agent first. A quick call can save your deal. 📞

Know someone who’s house hunting? Send this their way. 🏡

#MortgageTips #FirstTimeHomeBuyer #OttawaRealEstate #PriceMortgages #TheMortgageCoach

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More homes don't appear by magic.

Barrie is getting more than $129 million toward infrastructure that can support additional residential development.

And here's the mortgage-market question:

If we make it easier to build homes, does that eventually make it easier to buy one?

More supply could mean more options for Ontario buyers but infrastructure, construction costs, financing and demand all play a role.

One thing is certain: housing supply is becoming a very expensive conversation.

Would you rather see Ontario build more homes or make existing homes cheaper?

👇 Tell me your pick.

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@tmc_greatersimcoe @sammyjean27 @themtgcoach

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I attended the CMP Women’s Summit this past week and picked up valuable lessons in leadership, important insights on AI, and expert advice on everything from communication to process and delegation.

These quotes from Sofia Hondrogiannis, Elena Robinson and Tracy Valko struck a chord.
They came from women in three very different corners of the industry, yet every one of them landed on the same idea about building a career that actually lasts - I jotted them down knowing I will come back to them often.

Swipe through and tell me in the comments which one stuck with you - or if you also heard a memorable quote recently!

A big thank you to Christie Smith and @selenne.marin.htc of @hometrustco for having me as your guest.

  #WomenInMortgage #MortgageBroker #WomenInBusiness #WomenInLeadership #TheMortgageCoach

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Renewal coming up and the new payment made your stomach drop?

You’re not alone. A lot of homeowners are renewing at higher rates this year, and if you’re also carrying credit cards, a car loan, or a line of credit, it can feel like a lot at once.

Refinancing to consolidate debt can roll those balances into your mortgage at a much lower rate and free up monthly cash flow. It’s not the right fit for everyone, though, so I break down how it works and when it makes sense in my latest blog post.

📖 Read the full article at the link in my bio.

Have questions about debt consolidation? Send me a DM. Happy to take a look.

#MortgageRenewal #DebtConsolidation #Refinance #OttawaMortgage #PriceMortgages

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Prepayment privileges are one of the most underused tools in your mortgage.

Most lenders let you put extra money toward your principal — through a lump sum or a higher regular payment — without triggering a penalty, as long as you stay within your annual limit.

Even small extra payments now can shave years off your amortization and save you thousands in interest down the road.

Want to know what your specific privileges allow? Send me a message and I’ll walk you through it. 💰

#MortgageTips #OttawaMortgage #PriceMortgages #TheMortgageCoach

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Just closed! 🎉 Congratulations to my client on the purchase of their new home. Watching a plan turn into keys in hand is the best part of what I do. Thank you for trusting me with such a big step.

If you’re thinking about your own next move, whether it’s a first home, an investment, or you’re self-employed and unsure where you stand, I’d love to help.

DM me or visit ericprice.ca. 📲

ericprice@themortgagecoach.ca
416.471.3355

#themortgagecoach #pricemortgages #ottawarealestate

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Putting down less than 20%? You’ll need mortgage default insurance (often called CMHC insurance).

It protects the lender, not you — but it’s also what lets you buy with as little as 5% down.

Curious what it’d cost you? Drop a comment or DM me and I’ll run the numbers. 🔑

#FirstTimeHomeBuyer #CMHC #MortgageTips #CanadianRealEstate #HomeBuying101

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Mortgage Alliance Fall Professional Success Series 2026... excellent event and great speakers! Celebrated @itsmeaghanhastings and @ghadrinasr birthdays 🎂 🥳 🎉

#mortgagebroker #homeowners #realestatenews #financialliteracy #firsttimehomebuyers

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Self-employed and told your income “doesn’t count”? It counts — it’s just read differently.

The write-offs that lower your tax bill also lower the income a lender sees. There are ways around that.

Full post at ericprice.ca — link in bio.

DM me if you want to see what your numbers could actually look like.

#SelfEmployedMortgage #OntarioMortgage #PriceMortgages #SmallBusinessOwner #TheMortgageCoach

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