Is the First-Time Buyer Incentive Program for you?
Starting September 2nd, qualifying first-time buyers in the Brampton and surrounding areas will be able to apply for the first-time homebuyer incentive. This is a shared equity program that will reduce your monthly mortgage payments. If you have the minimum 5% down...
Why Early Payout Penalties Matter Even More
Brampton and the GTA are deep in the competitive spring real estate market! Mortgages are always competitively priced in the spring, but this year we’re seeing an unusual rate situation. Fixed-rate mortgages are very competitive and the most popular option, while...
Down payment: How much and where do you find it?
If you’re trying to buy a house in Brampton or the GTA, saving up that down payment is often your first big hurdle. Let’s get specific on how much you need, and how you’re going to come up with it. Most Canadian homebuyers buy a property with the absolute bare minimum...
A closer look: what the federal budget means for home buyers
While our industry continues to lobby for ways to make home buying easier for Canadians, we don’t always get everything we want when a new budget rolls around each spring. However, the recent budget included a few steps in the right direction with some Housing...
How To Avoid Mortgage Fraud
Mortgage fraud happens. Although professionals in the field do as much as they can to avoid mortgage fraud, unfortunately it is becoming more and more common. And with skyrocketing debt and house prices, experts say that residential mortgage fraud will happen even...
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...