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 […]
General Information
Five reasons multi tasking makes you less effective
I am in the middle of reading the big The ONE Thing by Gary Keller and I had to share as for me I’ve always had this sense that multi tasking is inefficient. Here’s from Gary’s book and website. Many pride themselves on taking a conference call while perusing their inbox and texting their son; […]
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 […]
Cash Backs – Are they worth it?
I’ve ran in to a couple people in the past few weeks that have taken cash back mortgages. Particularly with one bank who is promoting them heavily. You have to be very leery of them as they may not work out as you thought. Remember, this money is not ‘free’ money. They make it up […]