The First 5 Steps In the Home Buying Process
There are few things in life we find as exciting and at the same time overwhelming as starting on the road to home ownership. It’s likely you’ll be the on the receiving end of advice from parents, family, and friends, all of course with the best of intentions. Often...
First Time Home Buyers Rebate Gets Bigger in 2017
It’s a great time to be a first time home buyer in Canada right now! On November 14th the Ontario government announced it’s doubling the maximum Land transfer tax refund, so now it’ll be $4000. This will take effect on January 1, 2017 and will affect more than half of...
Things to Consider Before Buying A Foreclosure
Getting in on a foreclosure can be a great deal for you, but you’ll want to be aware of few things before trying to buy one. First understand that a foreclosure is a home that goes up for sale from the lender, because the owners have defaulted on payments....
5 Tips to Seamlessly Renew Your Mortgage
Your mortgage is probably the biggest expense and investment of your life and it can deeply affect your life, so making sure you’re getting the renewal that’s best for you is important. Start 6 Months In Advance You definitely won’t want to rush any decisions you make...
Is Being Mortgage Free a Plan for Retirement?
No one likes having a mortgage payment and it seems many people are in a hurry to pay it off as soon as possible, but is this really the best strategy for a healthy retirement? What many people don’t realize is that they could be putting the money they are using to...
Department of Finance Implementing New Mortgage Changes
New Canadian Mortgage Rules Effective October 17, 2016
The Minister of Finance announced the fixed rate home buyers will now need to qualify for payments at the posted interest rate instead of the discounted interest offered by Toronto mortgage brokers like myself. It’s important to know a few things about the changes to...
No More Discounts for Fixed Rate Mortgage Borrowers
With the Minister of Finance Bill Morneau announcements on October 3rd, 2016 Canadians may have a harder time getting into the house of their dreams and may only qualify for a purchase price that is much lower. Before this announcement fixed rate mortgage...
What Is An Unregulated Mortgage
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....
What A Good Pre Approval Means
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...