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Posted by: Jen Lowe
WHAT IS A MORTGAGE BROKER? You may have noticed that there are many different terms for those of us who work in the mortgage industry besides “broker”. Mortgage: specialist, expert, advisor, associate, officer, etc. I just want to clear up some potential confusion with all these monikers. There are 2 main categories that these fall […]
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4 WEIRD THINGS LENDERS ASK FOR A number of times I have had people who wonder why they need to provide so much documentation when it comes to arranging a mortgage. Besides an employment letter, you are usually asked to provide a pay stub and your most recent Notice of Assessment (NOA) to prove income. […]
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20 TERMS THAT HOMEBUYERS NEED TO KNOW Buying a home is one of the most important financial decisions you will make. It’s common for a first-time homebuyer to be overwhelmed when it comes to real estate industry jargon, so this BLOG is to help make some of the jargon understandable. To help you understand the […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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