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 […]
Why It's Important to Talk to A Mortgage Broker
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 […]
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 […]
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 […]