Mortgages After A Divorce
One of the biggest ways divorce can have an impact on your life is in regards to finances. Splitting up your assets can be both emotionally and practically difficult. Your home is most likely the biggest purchase you made with your former spouse, and it’s not...
The 10 Don'ts of Mortgage Closing
Okay, so here we are… we have worked together to secure financing for your mortgage. You are getting a great rate, favourable terms that meet your mortgage goals, the lender is satisfied with all the supporting documents, we are broker complete, and the only thing...
4 Things That Will Kill Your Mortgage Approval
So, you’ve worked hard to save every penny and have managed to finally afford the down payment necessary on a home. You have searched high and low, only to find the house of your dreams at a price you can afford. Though your credit rating is good and you have a stable...
Beware of Early Discharge Penalties
Have you ever needed to get out of your mortgage before the maturity date? It can be a confusing and surprising experience. Don’t forget that your mortgage is a legal contract, therefore, like most contracts it is expected that it would cost you something to break it....
Mortgages For Ontario Doctors
You have worked hard to become a medical doctor and find success in the field, and now you need to find a mortgage that will work for you with your specific situation as a physician. There are a few aspects of your professional life that make it so a standard mortgage...
The Devil is in Five of the Details
I have something shocking to tell you. Mortgage brokers are human. Gasp!! But wait, so are lawyers, lenders, legal assistants and everyone else who is involved with your mortgage transaction. Why do I choose to draw attention to this and ruin your day you ask? It is...
What is a Mortgage Broker?
One thing Canadians have in common is that most of us are paying off a mortgage. The mortgage market can sometimes be confusing. There are a vast array of choices – open, closed flex down, equity take-out, cash back, and of course the rates themselves. While we would...
10 Reasons To Use A Toronto Mortgage Broker
Do you know what the difference is between a bank lender and a Toronto mortgage broker? Understanding this can result in a lot of savings in the long-run and overall a more satisfactory experience with securing a mortgage. Here are 10 reasons why you should use a...
The Ideal Mortgage Qualifying Candidate
There are a million variables that determine how one can qualify for a mortgage. The banks, mortgage lenders and credit unions all have different guidelines to be able to qualify under their programs, and then we have the mortgage insurers and multiple other...
Paying Debts Off Fast
As with many situations involving finances, in order to succeed with getting rid of your debts as soon as possible you need to develop a plan. A solid plan could include any of the below tips that are designed to get you the freedom you desire, depending on your...