How Is Your Mortgage Registered
The two ways to register a mortgage in Canada on title are a Standard Charge or Collateral Charge and it is important for borrower to know the difference. A Standard Charge was used by all lenders until about 6 years ago and being informed of the differences in the...
What Is Mortgage Default Insurance?
A question I often get asked as a mortgage broker in Toronto and Brampton is “What is mortgage default insurance?” Before I give the answer, let me first explain the two types of mortgages. There are two types of mortgages and the amount of money you are able to put...
Ten Things To Consider Before Your Mortgage Matures
What happens when your mortgage matures? It’s good to know exactly what you need to think about as time goes on. So here are ten things you need to consider before your mortgage matures. 1) Have you explored all your options? Once you receive your mortgage renewal...
9 Ways To Improve Your Credit Scores
When it comes to finances some of your goals may be saving money, paying down debt or starting an investment portfolio. Improving your credit score can be overlooked in your financial picture, here are some ways to help improve your credit scores. Keep Credit Card...
Why A Larger Down Payment Is Better
You’re ready to purchase a home and while it’s entirely possible to purchase a home with a smaller down payment of 5% or even 10%, there are good reasons for gathering as much money as possible when home buying. Three big reasons why a bigger down payment are: Putting...
How To Choose The Right Mortgage Term
Having a clear understanding of the difference between a term and the amortization period is an important first step to choosing a mortgage. As an experienced mortgage specialist, clients can rely on myself to answer these questions about the basics of mortgage...
When A Reverse Mortgage Doesn’t Make Sense
A home is possibly the biggest purchase you will make in your lifetime. Usually making that last mortgage payment coincides closely with reaching retirement age. Home renovations, improving your lifestyle or one of life’s unexpected financial emergencies may have you...
5 Questions to Ask a Toronto Mortgage Broker
Undeniably, purchasing a home in the greater Toronto area is among the most thrilling experiences. The moment you are accepted to have a mortgage, you are that much closer to owning a home. However, before you get all excited, just a piece of advice, never opt for the...
How to Tap Into Your RRSP for a Down Payment
Trying to get the right amount of money for a down payment is often the main challenge that a lot of Canadians who want to own a house are facing. Canada’s government has identified this problem and has executed the Home Buyer’s Plan, which lets capable first-time...
What Does Amortization Period Mean
Located on the Northwest shores of Lake Ontario, Toronto is the most densely populated city in Canada, a city with much to offer locals and visitors alike. Enjoy live theater, a vibrant nightlife, explore eclectic shops, restaurants, how about a rollercoaster ride at...