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 […]
Why It's Important to Talk to A Mortgage Broker
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 […]
Current market trends
Current market : Well it looks like the low fixed rates are gone and maybe gone for good. The bond yields keep going up and up, which means the lenders fixed rates follow. Generally there is a gap of about 1.5-1.6% between the current five year yield and pricing in fixed rates. I usually have […]
Please no more changes!
The content in this post was from an article I just read in the Globe and Mail. I hope that this does not pan out. There have been so many changes in the market lately that obtaining financing has never been more difficult. Well at least in my 9 years in the business. In my […]