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Posted by: Jen Lowe
MORTGAGE BASICS – TYPES OF INSURANCE Sometimes it is a good idea to revisit the basics when looking at a complex thing like a mortgage. There can be misunderstandings which crop up. The mortgage process can be very stressful as you wait for some anonymous entity to decide whether or not you are able to […]
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GETTING A MORTGAGE AFTER CONSUMER PROPOSAL OR BANKRUPTCY Life can definitely throw some challenging financial situations your way. As mortgage professionals, we can provide solutions and strategies during or after these challenging times in order to get you back on track. We have access to banks, trust companies and mortgage companies that specialize in this […]
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5 WAYS TO BOOST YOUR FINANCIAL FITNESS Thinking about buying your first home? The race to home ownership is more like a marathon than a sprint: diligent planning, pacing and strategy are the keys to success. Are you ready to approach the starting line? Here are five ways to shape up and boost your financial […]
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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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