Some changes came down within the budget this week. Here’s the good and bad. One thing I like to note is the collateral charge disclosure. I can’t stress enough how this style of mortgage is not in 95%+ of peoples interest. And you see that even the DoF has concerns with the lack of disclosure […]
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TD mortgage clause change
This is important to know, or at least for the person you are trusting to get you a mortgage should know. Another reason to use an independent broker as we will move clear of little rules like this benefiting the lender making sure the product benefits you. Lending is evolving a lot these days. Deals […]
Do early mortgage renewals save or cost you money?
As shown in the Globe and Mail This is a good article in regards to renewals and doing them early or not. With me I will do a comprehensive look at your mortgage and where the market is 4 months prior to the renewal date. Many mortgage lenders want you to believe that rate certainty […]
Great stats by CMHC
Today I was fortunate enough to sit down with a small group of mortgage brokers with CMHC sharing some great information. Keeping in mind these are CMHC stats and there are two other providers of mortgage insurance. However, CMHC has more than half the market share. Here’s some of the stats that came out:-Average outstanding […]
Newspaper article that’s not so true
I was reading the 24hrs news paper today and came across this article in terms of what a variable mortgage product is. Where it’s some what true it doesn’t sit well with me as they are telling the public that this is the only option. Well it is the only option, with this one bank […]