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Posted by: Jen Lowe
WHAT IS REFINANCING AND HOW IT WILL CHANGE YOUR CREDIT? The need to refinance your mortgage can be for many reasons. Whichever the reason you are refinancing, there are a few things to consider. One of the top questions we are asked as a Mortgage Broker is “will refinancing hurt my credit?” The answer to […]
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INSIDE AND OUTSIDE THE BOX MORTGAGES IN TODAY’S MARKET As we truck along in 2017, Mortgage Brokers and Lenders are adjusting to the new risk based mortgage rate pricing that came into play after the Finance Minister changed Government backed mortgage default insurance regulations in late 2016. Lenders often choose to pay for mortgage default insurance […]
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READING THIS COULD SAVE YOU THOUSANDS OF DOLLARS!! (AKA HOW TO RENEW YOUR MORTGAGE IN 5 EASY STEPS) What is a mortgage renewal you ask? Each mortgage has a set term which can vary from 1-10 years. Just before the end of your term you will receive an offer from your current lender and you […]
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DOWN PAYMENT VERIFICATION – 5 KEY POINTS One of the essential aspects of every mortgage application is the discussion pertaining to your down payment. Home purchases in Canada require a minimum down payment of your own funds to be put towards the deal. Your stake in the purchase. It is important that during the discussions […]
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THE TWO TYPES OF MORTGAGE PENALTY CALCULATIONS We have all heard the horror stories about huge mortgage penalties. Like the time your friend wanted to refinance her home so that she could open a small business only to find out that it was going to cost her a $13,000 penalty to break her mortgage. This […]
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SUMMARY OF THE NEW MORTGAGE MARKET There have been a lot of changes in the mortgage market over the past few months so many Canadian’s plans regarding homeownership may have shifted quite a bit from last year. First, new qualification rules came to pass in October where even though actual contract rates are sitting at […]
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5 COMMON MISTAKES TO AVOID WHEN SHOPPING FOR A MORTGAGE Avoid these 5 common mistakes, and you will have no problem getting your mortgage faster, more efficiently, and with a clear understanding of the process: 1. Thinking banks are the first and best place to go for a mortgage Mortgage brokers can often beat the […]
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IS TODAY THE RIGHT DAY TO BUY YOURSELF A HOME OR NOT? Q. Is today the right day to buy yourself a home or not? A. Today is the right day assuming one has found a specific property that works for them on all levels. This question arises on a near daily basis within our […]
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TOP FIVE HOME RENOVATIONS THAT INCREASE PROPERTY VALUE Looking to increase your homes property value? Here are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment 5-6x what they cost. # 5 Flooring Flooring is one of the most […]
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WHAT DOES IT ACTUALLY MEAN TO CO-SIGN FOR A MORTGAGE? There seems to be some confusion about what it actually means to co-sign on a mortgage and you know that where there is confusion, your trusted mortgage professional seeks to offer clarity. Let’s take a quick look at why you may be asked to co-sign […]
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