Each Office Independently Owned & Operated
Posted by: Jen Lowe
What a great article written by my colleague, David Cooke about the power of amortization! From balancing the stress of monthly cash flow to becoming mortgage free quicker than you thought! 99 YEAR MORTGAGES AND THE POWER OF AMORTIZATION Back in the late 80’s, the Japanese housing market came to a grinding halt. Homes were […]
Read MorePosted by: Jen Lowe
What a great article–this is so true! When it hits the media that rates are increasing what does everyone do–panic and head to the bank to lock in and what did the bank do already? Increase fixed rates… its horrible! Contact me before you lock in! WHO REALLY SETS INTEREST RATES? A recent article in […]
Read MorePosted by: Jen Lowe
Super important topic…..credit is everything now a days…. good credit will even warrant you cheaper home insurance. So check this out from my colleague Kelly Credit Cards for the Credit Challenged If you want to buy a home and don’t have a bucket load of cash – you are going to need a mortgage. In […]
Read MorePosted by: Jen Lowe
What a great article for retirees and elderly clients outlining the pros and cons of consolidating and a reverse mortgage as an option to increase your cash flow when you are on a fixed income/pension. DEBT: TO CONSOLIDATE OR NOT TO CONSOLIDATE? THAT IS THE QUESTION If you are a Canadian living in debt, you […]
Read MorePosted by: Jen Lowe
MORTGAGE INTEREST RATE TIERS Since we know that lenders can back-end insure our mortgages (please read our Mortgage Insurance Market and Wholesale Lenders article first), and that this specifically makes these mortgage investments more attractive to investors, what does it mean for borrowers (every day people like you and me)? To recap, any mortgage that […]
Read MorePosted by: Jen Lowe
REVERSE MORTGAGE – THE PROS AND CONS by Michael Hallett | Apr 25, 2018 | Blog, Homeownership, Mortgage | You may be seeing and hearing a lot more regarding the Reverse Mortgage in today’s marketplace. I have taken the time to get familiar with the program here in Canada and have been quite surprised by […]
Read MorePosted by: Jen Lowe
REVERSE MORTGAGE – COMMON USES Eliminate mortgage payment – Retired, or wanting to retire, but still have a mortgage and mortgage payment to make? Use a reverse mortgage to pay off the traditional mortgage, getting rid of that monthly payment. Unexpected expenses – Home repairs, helping children, vehicle repairs, health care/home care, etc. A reverse […]
Read MorePosted by: Jen Lowe
WHAT IS A MONOLINE LENDER? What usually follows once someone hears the term “Monoline Lender” for the first time is a feeling of suspicion and lack of trust. It’s understandable, I mean why is this “bank” you’ve never heard of willing to loan you money when you’ve never banked with them before? In an effort […]
Read MorePosted by: Jen Lowe
FIXED VERSUS VARIABLE INTEREST RATES Fixed Interest Rates This is usually the more popular choice for clients when it comes to deciding on which type of interest rate they want. There are many reasons why, but the most unsurprising answer is always safety. With a fixed interest rate, you know exactly what you are paying every […]
Read MorePosted by: Jen Lowe
THE ROLE OF THE INSURER IN A MORTGAGE Any time a down payment for the mortgage is less than 20%, it is required that the mortgage must be insured thru an Insurer. Why does this mortgage need to be insured, who provides this type of insurance, what does this insurance mean, who is the beneficiary, […]
Read More