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 […]
New Home Buyers
Crazy weeks are behind us!
Wow, what a crazy last two weeks. With the increase in rates happening litterally daily, it was a lot of work to get in as many people as possible with a good rate hold! Rates are still at very low levels, just not under the 3% mark…unless it’s a shorter term. However, keep in mind […]
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 […]
Collateral charge and renewal
Just yesterday we had a mortgage lender come in to our office and talk about their specific mortgage products and so forth. Some very good information and I’m glad that they came in! It’s always good to learn what other mortgage products are available to you, the public! There was one thing though that this […]