This is a good article that should be shared Courtesy of the Financial Post: If you’re self-employed and about to apply for a mortgage, be prepared for some serious form-filling. Getting financing isn’t as easy as it used to be, say mortgage brokers — and for the 15% of Canadians who earn money for themselves […]
First Time Mortgage Tips
Why your mortgage term matters
Choosing the mortgage term that’s right for you can be a challenging proposition for even the savviest of homebuyers, as terms typically range from six months up to 10 years. By understanding mortgage terms and what they mean in dollars and sense, you can save the most money and choose the term that is best […]
Fees between big banks and monoline lenders (the ones we use often)
I read this article in ‘mortgage broker news’ today and thought it to be very interesting as it happens often. My thoughts first – The big banks use much more favourable to them calculations when it comes to paying out your mortgage. I’ve done a lot of research on this and have seen many issues […]
Lower amortizations on conventional mortgages?
I can’t say I’m a big fan of this. Why can’t they just leave things as they are for now? We’ve gone through so many changes in the last short while that we need to just sit back and watch what happens. Many, if not all my clients conventionally (20% or more equity) do not […]
Closing costs at the solicitor
Generally when we think of closing costs at the solicitor we think, ‘how much are they going to charge?’ to complete on my purchase and mortgage. Generally the costs of the solicitor runs up about $1,000 for their services, however, the final bill they give you can run up to almost double or more. As […]