by Rakhi Madan | Jul 29, 2016 | First Time Home Buyer, Purchases, Refinance, Renewal, Tips |
The golden rule of mortgages is this, the longer you take to pay it off, the more money you give the bank. So your goal should be to pay your mortgage off as fast as comfortably possible. Listed here are payment options for your mortgage. Knowing these options before...
by Rakhi Madan | Jul 15, 2016 | First Time Home Buyer, Purchases, Refinance |
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...
by Rakhi Madan | Jul 8, 2016 | First Time Home Buyer, Purchases |
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...
by Rakhi Madan | Jun 18, 2016 | First Time Home Buyer, Purchases |
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...
by Rakhi Madan | Jun 11, 2016 | First Time Home Buyer, Purchases, Refinance, Renewal |
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...
by Rakhi Madan | Apr 21, 2016 | First Time Home Buyer |
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...
