Why should you spread the word?

It was a great pleasure working with you on your mortgage, I am glad everything worked out well and congrats on this next step!  Your business and trust are appreciated and respected, thank you. On-line Google and Facebook reviews from my satisfied clients mean the world to me. Your word also helps other people during… Read More…

Finance Condition

When making an offer to buy a home, it can be fairly routine to make that is offer conditional on arranging financing. That means your offer can be withdrawn if you are unable to arrange the mortgage required to complete the sale. However in a very busy real estate market, buyers often find themselves either... Read More...

Bank of Canada update – 09/12/2020

Bank of Canada update – 09/12/2020   This morning in its 10th and likely final policy decision of 2020, the Bank of Canada left its target overnight benchmark rate unchanged at what it describes as its “lower bound” of 0.25%. As a result, the Bank Rate stays at 0.5% and the knock-on effect is that… Read More…

How is your credit health?

How is your credit health?   For most people, credit score isn’t something you spend much time thinking about. Especially if you are someone who is making good money and paying all your bills on time, but it never hurts to be aware of your current score and ensure you are maintaining it – even… Read More…

Mortgage Broker VS Mortgage Specialist

Mortgage Broker vs Mortgage Specialist.   Broker vs specialist: What’s the difference?   To most consumers outside of the mortgage space, the terms “mortgage broker” and “mortgage specialist” would seem interchangeable – but they aren’t. As a potential homeowner, the differences are more important than you might think. First and foremost, it is important to… Read More…

5 Expenses Most Canadians Don’t Expect in Retirement.

5 Expenses Most Canadians Don’t Expect in Retirement.   According to a recent CIBC poll, nearly half (48%) of retired Canadians stopped working sooner than they expected. The result is that many retirees have saved less for retirement than they planned, making unexpected expenses all the more stressful once the income tap has run dry…. Read More…

What is Private Lending vs Prime Lending?

Private Lending   A combination of Coronavirus, rising interest rates, higher home prices and tougher qualification requirements for a mortgage loan have made purchasing and refinancing homes more difficult in Canada. If you answer “yes” to any of the questions below, you may be better suited for a Private Lender for your purchasing and refinancing… Read More…

FIXED VS VARIABLE RATE MORTGAGE – WHAT’S THE BETTER CHOICE AND WHY?

In today’s market, variable and fixed rates are not too far apart. This makes most people think that the fixed rate is the way to go as it’s often viewed as the safest option. Many believe that variable rate mortgages are for the daring and at any time your rate could double leaving you high… Read More…

CAUTION: MORTGAGE PENALTIES AND EARLY EXIT

Okay so you have a mortgage. Let’s face it, it’s a contract with terms, conditions, rights and obligations for both you and the lender. However, now for whatever reason you need or want to break the contract before the end of the term. Many mortgage lenders will allow this provided they are compensated. You have… Read More…

VERIFYING YOUR DOWN PAYMENT – WHAT YOU NEED TO KNOW

Saving for a down payment is often one of the biggest challenges facing young people looking to break into the real estate market.  The source of your down payment could come from your own savings, a gift from a family member, your RRSP if you’re a first time home buyer or from the proceeds of… Read More…

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