{"teamId":"1230000405","campaignId":"2355","seriesId":"75259","from_email":"seb.mortgage@gmail.com","email_subject":"How much can you afford without giving up your life?","attachment":"","email_message":"\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t
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\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t
\r\n\t\t\t\t\tHey {first_name},
\r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
\r\n\t\t\t\t\tWhen it comes to financing or re-financing your home, it's important you<\/span><\/div>\r\n\t\t\t\t
\r\n\t\t\t\t\tunderstand the process and all your options to get the right mortgage for you.
\r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
\r\n\t\t\t\t\tIn determining which mortgage best suits your situation, there are some basic<\/span><\/div>\r\n\t\t\t\t
\r\n\t\t\t\t\tdecisions you'll need to make:
\r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
\r\n\t\t\t\t\tType of Mortgage<\/u>
\r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
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  • \r\n\t\t\t\t\t\tConventional mortgage<\/strong><\/span><\/li>\r\n\t\t\t\t<\/ul>\r\n\t\t\t\t
    \r\n\t\t\t\t\tThis is the most common type of mortgage. Your lender will loan<\/span><\/div>\r\n\t\t\t\t
    \r\n\t\t\t\t\tyou up to 80% of the purchase price of the property or its<\/span><\/div>\r\n\t\t\t\t
    \r\n\t\t\t\t\tappraised value (whichever is lower), and you have yourself the<\/span><\/div>\r\n\t\t\t\t
    \r\n\t\t\t\t\tother 20% as a down payment.
    \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
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    • \r\n\t\t\t\t\t\tHigh ratio mortgage<\/strong>
      \r\n\t\t\t\t\t\t<\/span><\/li>\r\n\t\t\t\t<\/ul>\r\n\t\t\t\t
      \r\n\t\t\t\t\tIf you don't have at least a 20% down payment needed to get a<\/span><\/div>\r\n\t\t\t\t
      \r\n\t\t\t\t\tconventional mortgage, a high ratio mortgage can advance you up<\/span><\/div>\r\n\t\t\t\t
      \r\n\t\t\t\t\tto 95% of the home's purchase price or appraised value. However,<\/span><\/div>\r\n\t\t\t\t
      \r\n\t\t\t\t\tyou'd be required to purchase mortgage insurance (not to be<\/span><\/div>\r\n\t\t\t\t
      \r\n\t\t\t\t\tconfused with home insurance), the amount of which would be<\/span><\/div>\r\n\t\t\t\t
      \r\n\t\t\t\t\tadded to your mortgage principal.<\/span><\/div>\r\n\t\t\t\t
      \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
      \r\n\t\t\t\t\tInterest Rate<\/u><\/span><\/div>\r\n\t\t\t\t
      \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
      \r\n\t\t\t\t\tYour mortgage is made up of 2 components: principal and interest.<\/span><\/div>\r\n\t\t\t\t
      \r\n\t\t\t\t\tEssentially, interest is the cost of borrowing money.
      \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
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      • \r\n\t\t\t\t\t\tFixed-rate<\/strong><\/span><\/li>\r\n\t\t\t\t<\/ul>\r\n\t\t\t\t
        \r\n\t\t\t\t\tYou agree on an interest rate with your lender and this rate gets<\/span><\/div>\r\n\t\t\t\t
        \r\n\t\t\t\t\tlocked in for the term of the mortgage. A fixed-rate mortgage is<\/span><\/div>\r\n\t\t\t\t
        \r\n\t\t\t\t\tgreat in an economy where the Bank of [Canada]'s prime rate is<\/span><\/div>\r\n\t\t\t\t
        \r\n\t\t\t\t\tincreasing, but undesirable if the going rate is decreasing.<\/span><\/div>\r\n\t\t\t\t
        \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
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        • \r\n\t\t\t\t\t\tVariable-rate<\/strong><\/span><\/li>\r\n\t\t\t\t<\/ul>\r\n\t\t\t\t
          \r\n\t\t\t\t\tYour interest rates fluctuate with the Bank's prime interest rate.<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tYour monthly mortgage payment amount stays the same. However,<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tif the prime rate falls, more of your payment goes towards the<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tprincipal and less goes towards the interest. If the interest rate<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\trises, less of your payment goes towards the principal and more<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tgoes towards the interest.<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tTerm and Amortization<\/u>
          \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tA mortgage term <\/strong>is the amount of time a lender will loan you money for \u2013<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\ttypically from 6 months to 5 years. When the term is up, the remaining<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tamount is payable in full unless you arrange new financing for another term.
          \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tBecause few of us can pay off an entire mortgage in even a 5-year term,<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tlenders calculate \u2013 or amortize <\/strong>- the mortgage payments over a much<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tlonger time, often as long as 30 years. They aren't loaning you the money for<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\ta 30-year period; they're simply calculating the payment schedule as if it<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\twould take you that long to pay back your mortgage. You will likely renew<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tthe mortgage at the end of your term within your amortization period.
          \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tNow is it necessary to be fluent in the world of mortgages? Absolutely not! That's<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tmy realm.
          \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tMortgages come with a plethora of jargon, math, and paperwork that can be<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\toverwhelming to most people.
          \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tI provide clarity in areas of confusion to make the process easy and stress-free.<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tTrust in someone who intimately knows the market. I'll help explore your options to<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tensure you're getting the perfect mortgage solution for you.<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\t<\/span><\/div>\r\n\t\t\t\t
          \r\n\t\t\t\t\tCall me to get a quick and easy mortgage that fits your needs:{{default_phone}}<\/span><\/div>\r\n\t\t\t\t
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\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t

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\r\n\t\t\t\t\t\t\t\t\t\t\t\t\tC2 Financial, 9241 Nautilus dr, Miami, Florida, 33189, USA
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