Selling your current home and moving into a new one can be stressful enough, let alone worrying about your current mortgage and whether you’re able to carry it over to your new home. Porting enables you to move to another property without having to lose your existing interest rate, mortgage balance and term. And, better […]
First Time Mortgage Tips
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 […]
Self Employed? Prepare for a long conversation!
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 […]
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 […]