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...
New Mortgage Rules Coming in 2018
Have you heard? As of January 1st 2018 there will be three new mortgage rules implemented nationally. This can mean big changes for those who currently have or are planning to have a mortgage soon. Mortgages can be confusing, especially for first time home buyers, but...
Getting A Mortgage With A Friend
When the time comes to move out of rental housing and find your own property, it can be tough to manage 100% of the costs when before you may have been splitting them two or more ways before. Due to recent skyrocketing home prices and new mortgage rules being...
Does Payment Frequency Make A Difference?
When applying for a mortgage, there are a few options you have in terms of contract length and payment frequency. Most homebuyers are always on the hunt for the combination that will give them the best overall deal, or the one that will lead to them paying the least...
How Bridge Financing Works
The real estate chain is a fickle process, and often closing dates do not line up perfectly. Sometimes overlapping dates can cause headaches for homeowners who do not have the money to pay for a new home until they have closed their former home. That’s why for these...
Finding Funding When The Banks Turn You Down
If you own a business, you might know what it’s like to have many different expenses that your profits just cannot cover. These could be things such as purchasing new real estate or equipment or making it through a financial crisis. In these times, it is common for...