Winona Reinsma
Mortgage Options for Your Life

Residential & Commercial Mortgages
Mortgages in Your best interest!

Lender Options

There is so much value in the options that I have available for you. 
  • Banks: for convenience and branch support
  • Credit Unions: for Community and Cooperative feeling
  • Wholesale Lenders: for features & savings opportunity
My straight-forward approach will allow us to successfully work together to find the best mortgage solution that is right for you today and whatever tomorrow brings.

About Winona

Winona is a mortgage strategist who is passionate about financially empowering her clients. She believes in a holistic approach. By sharing industry secrets, tips and resources she has helped many families improve their financial situation and realize their dreams.
Learn more about Winona
Avoid conflicts of interest...

Very seldom the issue of Conflict of Interest is discussed at a branch. The mortgage representative at the financial institution even though they have your interest in mind, cannot represent other lenders.  Even if they know there is a better mortgage for you at a competing institution, they cannot disclose it to you. Hence the conflict.
Mortgage Brokers do not have this conflict! 


Great Questions to think about:
  • Do you want to receive advice from a representative that only knows one institution?
  • If your branch representative would know a better financing for you from another institution, would they let you know?
  • Do you want options all from the same financial institution or from different lenders?
  • Do you want to be controlled, or to control with options and flexibility?
Have another question? Give Winona a call!

Dollars & Sense

By Winona Reinsma 08 May, 2017
Everyday we are bombarded by real estate news and the big question, "boom or bust?" I receive a great update from one of my favorite lenders who has terrific mortgage features that favors homeowners. Since these sound bits give me the facts and heads up on what's real out there, I've decided to share these, so you too may cut through the noise and understand what is really happening in our Canadian market place.

"The April sales numbers are out and it is clear government interventions are having an effect; exactly what effect, though, is not clear.

In Vancouver the 15% foreign buyers tax appears to have hit the detached single family segment the hardest, for now.  Prices are down about 4% since the tax was implemented in August. The decline is led by the luxury end of this segment which has seen prices dip almost 3% since August. Still, the benchmark price for all home types was up 11.4% compared to a year ago.

What the luxury market lost, the condo market appears to have gained. The benchmark price for a condo jumped 16.6% y/y and more than 8% in the past 3 months. The real estate board says the tight supply of entry level and “missing middle” housing means prices are likely to keep climbing even as sales volumes slide."

May 8, 2017, 11:27 AM by Joelle Park

Depending on your situation, this can be great news or not so much. If you have any questions, or want to take advantage of the current market place, I would be glad to have a conversation.

To your financial health!

Winona


By Dave Moran 06 Feb, 2017

We are reminded daily about Canadian’s rising debts, now reported to be over $1.68 for every dollar earned. Bank of Canada has been stressing their concerns about the rising debt levels at every opportunity for several years, as they warn us that interest rates will eventually rise.

Credit card debt is so common today that many of us don’t even realize when we are heading into financial danger. Everyone is doing well until something unexpected happens, and those of us that don't have a 6 to 8-month emergency fund tucked away, suddenly face the reality of our consumer debt burden. 

So ask yourself, are you relying on your credit cards to get through the month? Do you worry or cringe when you are at the cashier, watching the bill add up and wonder if you are at your credit limit yet? Do you have money stress? 70% of Canadians report that they are worried about money, so remind yourself that you are not alone if answer yes to any of these questions.

For most of us, our debt issues are not much fun to think about, but the worry and strain on our lives and relationships make it a necessity. What happens when interest rates eventually go up? Oops, you never thought of that? Have you calculated what your payment would be if your interest rate goes up 1 or 2 percent at the end of your mortgage term?

Many of us have relied on a debt consolidation or equity-take-outs to set our budgeting straight when it's derailed. While most people have heard about the new mortgage rules, the realization of how this impacts you usually doesn’t happen until you apply for new financing. The new mortgage regulations, along with the uncertainty in housing prices (are they going up, are they going down?), makes mortgage financing more onerous than two to three years ago. November 30th, 2016 regulations have a very significant impact that many consumers have not realized yet.

While interest rates have not increased significantly, loan to value, debt ratios, product options, and beacon score requirements have changed a lot, and for some that change is quite dramatic.  If you are counting on a mortgage refinance to get your debt under control, you might be surprised with new conditions, or when you are being advised to seek a “B” lenders assistance instead. 

“B” lenders are willing to provide financing to those declined by the “A” side, but at a premium cost, charging additional fees and higher interest rates. In the current market, however, “B” lenders and private lenders, including Mortgage Investment Companies, are decidedly more cautious as well.

There are steps to set your budget and credit card spending on the right path so that you won’t face these problems. It will take time and perseverance. 

The first step is to review the household budget and debt situation with everyone involved. Ask yourself honestly if your money habits are putting you further and further into debt. The cycle of increasing debt stops the minute you become conscious of your habits and then decide to change them.

Next, design a money plan, and then live your new reality one hundred percent. Getting out of debt may require short-term pain for long-term financial freedom. However, remind yourself that you are worth it because this goal is immeasurable in the peace of mind and security you will attain.

You don’t have to be one of the 96% of Canadians that pay themselves last or the 70% that have money stress. You just have to decide to take control of your money, break any bad habits, spend consciously, and start on a new path to financial health and freedom.

By Dave Moran 03 Feb, 2017

There are a lot of myths out there about Reverse Mortgages or "CHIPS," but since obtaining the Certified Reverse Mortgage Expert designation, I've found it to be a great option for the right situations.  

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