by Rakhi Madan | Oct 10, 2016 | News |
The Minister of Finance announced the fixed rate home buyers will now need to qualify for payments at the posted interest rate instead of the discounted interest offered by Toronto mortgage brokers like myself. It’s important to know a few things about the changes to...
by Rakhi Madan | Oct 5, 2016 | Rates |
With the Minister of Finance Bill Morneau announcements on October 3rd, 2016 Canadians may have a harder time getting into the house of their dreams and may only qualify for a purchase price that is much lower. Before this announcement fixed rate mortgage...
by Rakhi Madan | Sep 24, 2016 | Specialty Mortgages |
Have you heard the stories in the news recently about mortgage fraud? Many of the situations involved an unregulated mortgage, so it’s left a lot of people wondering what that actually means. To understand unregulated mortgages first let’s discuss regulated mortgages....
by Rakhi Madan | Aug 19, 2016 | First Time Home Buyer, Purchases |
Getting a good pre approval is a very important step in buying a home. Some banks issue pre approvals that are loosely based and more about a rate guarantee. However a good pre approval from a Toronto or Brampton mortgage broker is based on income, so it means you...
by Rakhi Madan | Aug 12, 2016 | First Time Home Buyer |
The size of your down payment will have a large impact on your finances as it will determine your mortgage payment and initial equity in your home. In Canada you’ll save a ton of money in mortgage insurance premiums if you can put down at least 20%. Lastly, the higher...
