Blog
We’ve never used a mortgage broker, but have been told to call one before we accept a mortgage quote from our bank. What is the benefit and what is the cost? The main benefits of a broker are that we can scan a large market place that consists of banks, credit unions, trust companies, and…
January
Understanding mortgage differences Getting financing can be a daunting process. It’s time consuming (and sometimes intimidating) going from bank to bank, and can be disappointing when you can’t afford the home you were hoping for… Or when you are refused financing. All Canadian lending institutions follow national lending rules, but where they differ is with…
April
Mortgages can be a confusing subject. Buying or selling a home is an emotional decision and can be very stressful. As a mortgage expert, I will take the confusion out of mortgages and make the process as smooth as possible. In Canada, there are two major categories that mortgages fall into, either closed or open.…
November
In Canada, there are many benefits to owning your own home, here’s our list of the top five: 1. Tax breaks. The Canadian government offers a variety of tax breaks and credits for homeowners that you can take advantage of. 2. Gains Generally, in Canada, we’ve seen steady growth in land and home values year…
November
We’ve got plenty of great finance tips on this site, but here’s five that you may not have thought of for your first home Start budgeting – To help get a handle on your expenses now, and perhaps weed out unnecessary expenses to help you reach your down payment or mortgage payment goals, you should build…
November
Take a minute and think about what your dream home would be look like. Now, take into consideration your pre-approval amount. Let’s face it; very few people can afford their dream home as their first. Chances are you’ll have to make some sacrifices, but before you start your search it’s very important to consider the…
November
It’s a simple fact, many homebuyers place offers on homes without knowing how much they will be approved for. Seems silly right? Finding your home before securing financing is a waste of time and money. By the time you do secure financing, you may find out that your home was out of your price range,…
November
There are generally two ways to get a mortgage in Canada: from a bank, or from a licensed mortgage professional. A bank will simply offer you a mortgage from their collection of products that best fits your needs. On the other hand, a licensed mortgage professional will search Canada’s largest banks, credit unions, and trust…
November
If you are looking for a new home, be sure you are pre-approved. With a mortgage pre-approval, a licensed mortgage professional can do a more complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually what you can spend. The mortgage…
November
Lenders like fiscally responsible clients. Not to mention, if you have sound financial history you’ll be eligible for better rates that could ultimately save you tons of money. To help improve your credit rating, here are some invaluable tips: a) Pay Down Outstanding Debt – To get a loan, you need to have credit but little…
November