Are your clients really, truly pre-approved for a mortgage?
Beware of the term PRE-APPROVAL! Here are some facts: Pre-approvals mean something different to every mortgage professional and lending institution For mortgage approvals both the applicants AND the property they are buying need to be adjudicated and approved before...
Repaying Your Mortgage
Let’s face it, getting a mortgage is hard, but repaying a mortgage is harder. What is the best way to go about repaying? You say, as quickly as I can and with the least amount of interest! Good answer! Statistics tell us most folks repay their mortgage in less than 20...
The Rate Mentality
THIS JUST IN, MORTGAGE INTEREST RATES ARE…..and there it is again…headline news about another low rate from one of the main lenders. But what does it all mean and why does it continue to grab the headlines on the evening news? It probably comes as little surprise that...
Should you contribute to your RRSP or pay down your mortgage?
You should always consider the implications associated with any financial decision you make, and the decision to either make a RRSP contribution or a significant mortgage payment is no different. Many banks will push their customers to contribute to their RRSP, and...
Can’t qualify for a bank mortgage? How do private mortgages work?
There is almost ALWAYS a mortgage solution. New to Canada? Self Employed? Maybe a few credit glitches in your past? You just need to ask the right mortgage consultant. Not everyone can qualify for bank mortgages today. It doesn’t make you a bad person, it makes you a...
Maintaining a Good Credit Score
Your credit history is an important piece of the puzzle used for considering your eligibility for a mortgage in Toronto or Brampton. Whenever you apply to borrow for any reason, your lender will need to know your credit score, and a mortgage is no different. Lenders...
Online Mortgage Rates and Products – Do They Apply to You?
Online access to information is fantastic! The ability to understand a glossary of terms and products out there is amazing when compared to even a decade ago. I love “Googling” and finding how to fix my car, or how to engage in my do-it-yourself home projects. I feel...
What You Need to Know When Shopping for Your First Mortgage
Buying a home in the Greater Toronto Area is a process not to be taken lightly, and you need assistance from professionals who always have your best interests in mind. This kind of service often isn’t as easy to find as it should be. Mortgage brokers are frequently...
4 Costly Mortgage Mistakes Of Those New Home Buying “Incentives”
It’s exciting! Brand new shiny homes, opulent new appliances and granite countertops followed by massive marketing with deep discounts, rebates, cashback, free tvs, offers to pay your strata and mortgage payments? Developers are throwing in these incentives to entice...
How Can I Avoid Big Mortgage Penalties?
A number of people in Canada end up paying big mortgage penalties, and the fact that an increasing number of people are asking how they can avoid big mortgage penalties comes as no surprise. An easy way to move forward is to compare the penalty formula for big five...