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 […]
Not Always About Interest Rates
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 […]
Why you still need a broker
Investors are increasingly prepared to go it alone in this slower market where even the big banks are quick to whip out low rates to compete. But there are remain key reasons for using mortgage brokers. WhichMortgage.ca outlines those considerations and explains why savvy investors continue to rely on brokers and the website’s comprehensive directory […]
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 […]
Interest Penalties
Interest penalties between a big bank and a mortgage only lender. There is a huge difference as the calculations are much different. Remember, it’s not always about rate. That number you see is not the deciding factor. It should be what’s behind that rate and what commitment your broker will give you to manage your […]