The Blog

When to Refinance Hi Everyone, I just wanted to do a post about refinancing your mortgage. The start of a new year is a great time to do a financial check-up! Interest rates are hovering near record lows. In most cases, it makes sense to refinance your mortgage to pay off higher rate unsecured debts. […]

January 13th, 2015

Payout Penalties Too often payout penalties seem to get skipped or poorly explained in the mortgage setup process.  This happens at banks and with some brokers. The financing period becomes a fairly rushed time for people and while the focus is on rates, term, amortization, and prepayment privileges, the discussion of payout penalties seems to […]

December 10th, 2014

Holiday Refinancing What is the holiday refinance? It’s a time in the mortgage world leading up to a major holiday that we experience a higher volume of refinancing applications.   Although people all have different reasons to refinance, the core theme tends to remain the same.  Here in my experience are the 2 major reasons: 1) […]

November 27th, 2014

O% Down Mortgages Yes it still exists, contrary to what a lot of banks will tell you. It just has a different name, it’s called the Flexdown mortgage.  The Flexdown mortgage is a 95% mortgage, but the downpayment can come from borrowed funds like a line of credit which essentially means you can buy with […]

November 6th, 2014

I shop the best rates and products from 30 different Banks, Credit Unions and Trust Companies including: TD Bank, Scotia, ING, and many others.   My services are free as the bank pays me a finder’s fee. The Industry is changing and banks now have to compete for business, so they value our referrals.  Keep […]

October 28th, 2013

June 2013 Market Update It seems a lot of lenders are moving up their 5year fixed rates in light of the Bank of Canada holding prime at 1% this quarter meeting and current bank prime staying at 3% as a result of the hold.   That being said, mortgage rates are tied to the bond market […]

June 7th, 2013

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