Equifax Launches Income Verification System
Big news! Consumer credit reporting agency Equifax has finally brought an automated income verification service to Canada! For years, this service was only available in the US, but this new product has been in the piloting stages since May 2017 and is finally ready to...
Ontario To Increase Foreign Buyer Tax?
With the recent announcement about the affordable and equitable housing plan by the BC government, there has been a lot of speculation on the upcoming actions of the Ontario government on the same topic. It is no secret that real estate in Ontario has become largely...
How To Find The Best Mortgage Rate?
Across the country, there is one question that all homebuyers have: “How can I find the best rate for my mortgage?”. Some people spend hours researching into this, while others turn to professionals for advice. For a first time buyer especially, it is very important...
Difference Between Bank Broker & Mortgage Broker
As a Brampton mortgage broker, it can be frustrating to hear about the many misconceptions that people have about my services. While some people believe that mortgage brokers are not fully licensed and regulated in the same way bank brokers are, others believe that...
Pre Approval Checklist
Are you in the process of buying a home? With so many things to think about such as packing, decorating, and shopping around for a perfect place, financing is just another thing to get in order. While the home financing process can be overwhelming, it can be much less...
What Is A Cash Back Mortgage?
You may have heard of a cash back mortgage, and at first it may sound like a great option to consider. When buying a new home you may need some extra funds for renovations, decorating, improvements to the land, or maybe even a driveway or fence. The good news is that...
Additional Closing Costs When Buying A Home
When purchasing a home, many people only look at the upfront costs of the property and do not think about the extra finances that may be needed. It is important to consider every cost you may incur while purchasing a home in addition to the down payment and mortgage,...
Mortgages And Paperwork
Most people internally groan when they hear the word ‘paperwork’ as it is often the most tedious part of any process. But as unpopular as paperwork is, it is necessary for many things such as applying for a mortgage. As a Brampton mortgage broker, one of my duties is...
Reverse Mortgage Misconceptions
There are a lot of misconceptions about Brampton reverse mortgages such as the one offered by the CHIP Mortgage program, and while many believe they know some information about it, there are 3 common mistakes people make. Take a look at the 3 most common...
Who Do Appraisals Belong To?
As a mortgage broker, one of the services I provide is liaising between lenders, homebuyers, and appraisers. When it comes time to have an appraisal done, sometimes the homebuyer will not be able to have access to the appraisal results- a situation that often leaves...