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...
by Rakhi Madan | Aug 5, 2016 | Specialty Mortgages |
Many self employed workers enjoy a great lifestyle with a high standard of living, however on paper they don’t fit into the typical model of what lenders like to see. When done properly write-offs can reduce your income, ensuring you pay the least amount of taxes...
by Rakhi Madan | Jul 29, 2016 | First Time Home Buyer, Purchases, Refinance, Renewal, Tips |
The golden rule of mortgages is this, the longer you take to pay it off, the more money you give the bank. So your goal should be to pay your mortgage off as fast as comfortably possible. Listed here are payment options for your mortgage. Knowing these options before...
