Monica Donetti Ross
Sutton Group-West Coast Realty (Surrey/24)
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*Information from Luisa Hough*


"As we expected, further to the Original Announcement  in early April, the June 1st stress test has officially increased for home purchases as well as for those looking to refinance. This will decrease their borrowing power by approx. 5%.

For Example, if you were approved for a $900,000.00 purchase price, it will now be reduced to approx. $855,000.00. Is it something to stress about? For some yes… it’s disappointing especially for our first-time homebuyers who are already struggling to purchase in our crazy market between the $500,000.00 to $700,000.00 as now it reduces them by 5% (between $25,000.00 to $35,000.00). What I have been personally seeing is that clients are getting parents to help not only with the financing but with their down payments as well. So, to answer the question – should we be stressed?  – I’m saying NO, not at this time.

Some GREAT points to keep in mind:

  • Rates are still near record lows, and the Stress test change does NOT increase the client’s borrowing costs.
  • All lenders have different sources of income they will utilize to help clients qualify for the mortgage that is right for them. We have also seen lenders step up in many different ways, and most recently with a special First Responder Program. (Lower rate and cash back offer)
  • As an unbiased mortgage broker, we protect client’s credit by reviewing all the options by all the lenders in the country to find a mortgage that best suit their needs with the best value for them. WE have access to over 60 Lenders with unique products that are only available to us as licensed professionals."

For more infromation please Contact Luisa Hough through her website: https://www.luisahough.com/contact. Or from the information below.


In addition, if you are interested in a Rental Home, there is a new "Rental" tab on my website! I'm here to help you post the home/apartment you are trying to sell.


Monica Donetti,

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MORTGAGES BY LUISA - GDS/TDS Ratios Explained

"One of the major qualifiers lenders look at when considering your application for mortgage financing is your debt service ratios."

If you have considered taking out a mortgage, the thought of debit service ratios can completly slip your mind. While reading this article by Lusia Hough you will learn the importance of GSD/TDS ratios, why we use them, and how to calculate them yoursefl!


Click here to read the full post: https://www.luisahough.com/gds-tds-ratios-explained


Monica Donetti,

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COLDWELL BANKER - Diaper Drive

Coldwell Banker presetns the Peninsula's largest Diaper Drive. Happening June 12th, 2021 from 10am - 2pm. Come and donate diapers to help us reach a goal off 100,000 diapers in ONE DAY!

- Drop your donations off at: 3088 Croydon Dr.


Diapers will be donated to Sources Community Resources and Options Community Service.


Monica Donetti,

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Celebrating Nurse's Week


During COVID-19, nurses have worked tirelessly on the front lines to ensure that people who need help are cared for. The pandemic has taken a toll on nurses’ morale and mental health.


Nurses’ week is an annual celebration of nurses worldwide for the work they do for others. The week allows people the chance to acknowledge the nurses in their lives. It also provides an opportunity to thank nurses within the industry as a whole for the work they’ve done. Though the week seeks to honor all nurses, there are specific days dedicated to certain nurses. May 6 is National School Nurse Day, May 8 is for student nurses on National Student Nurses Day and May 12 is International Nurses Day.


I appreciate our nurses hard work and dedication through these hard times. 


Monica Donetti Ross,

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Mother's Day 2021 Gift Ideas: 100 Stylish Presents

*All pictures and text were transcribed directly from www.melissapenfold.com*

My utmost favourite website for interior designing, decorating and entertainging ideas!


Mark your calendars: Mother’s Day is on Sunday, May 9 — and after an especially hard year, this year is a very good time to shower the maternal figures in your life with some much-deserved love and attention. Whether you see her every day, or she currently lives far away, you can show your gratitude with a present that tells her how much she means to you. To help you find the best Mother’s Day gift, we’ve rounded up a collection of our most thoughtful (and fashionable) 100 presents that any mother would love.


And remember, no matter what gift you give, you’ll want to include a Mother's Day card, especially if you won’t be able to tell her how much you care in person.


For a detailed story please visit Melissapenfold.com

(https://melissapenfold.com/interiors/mothers-day-2021-gift-ideas-100-stylish-presents/)



Monica Donetti Ross,

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