Ingrid (Author's Website)

I'm a Toronto Mortgage Broker. My focus is on saving people time and money in financing and re-financing their homes. Am passionate about helping people make informed choices, giving back, and helping to improve financial literacy in Canada.

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Private mortgage rates: why are they so high?

October 22, 2018 | By | Add a Comment

Unpacking private mortgage rates The first step in understanding private mortgage rates is to get back to the basics.  Let’s start with covering those…. What is a private mortgage? Simply put, private mortgages are offered by Canadian mortgage lenders who aren’t your typical “A” or “B” lender.   Big names are Fisgard or New Haven, but […]

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Why a reverse mortgage?

October 8, 2018 | By | Add a Comment

Need money but don’t want to sell your home? A reverse mortgage might be a good option For many Canadians, their actual financial needs in retirement are different from what they planned for. In fact, many find themselves struggling to make ends meet or must alter their lifestyle to get by. I’ve heard stories of […]

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Fixed or variable rate mortgage: which is better?

September 9, 2018 | By | 1 Comment

Fixed or variable rate mortgage: is rate the only thing to look at? One of the biggest questions you’ll face when planning your mortgage, is whether to lock in to a fixed rate or choose a variable rate mortgage. Currently, the 5 year fixed rate is around 3.19% – 3.89%, depending on your credit score, […]

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Understanding mortgage rates

August 9, 2018 | By | Add a Comment

This is why mortgage rates are suddenly way more complicated If you’ve been shopping for a mortgage lately, you’ll have noticed that rates can be all over the map. That’s because new mortgage rules have made the mortgage pricing matrix is much more complicated, and online mortgage quotes are less reliable. That’s why it’s important […]

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How to buy your first home by 29

February 26, 2018 | By | 3 Comments

What’s the rush?  The financial “why” HSBC did an interesting study in the UK in 2014.  It suggested that if you buy your first home by 29, you create a positive cycle that not only benefits your own financial situation, but that of your future children as well.  Buying early gives enough of a boost that you […]

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“Conditional on financing”: the most important part of your offer

January 22, 2018 | By | 1 Comment

“Conditional on financing” – do I need this? When you find the condo or house of your dreams, and want to make an offer to purchase it, do you need a financing condition? Unless you can pay cash for the home, then yes, you do. That little phrase, “conditional on financing”, is important protection for […]

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Balance mortgage rate with options, privileges and payment schedules

December 18, 2017 | By | Add a Comment

What is an Interest-Saving Mortgage? One of the problems in the mortgage industry is the way mortgages are advertised: usually by rate. If an online rate says 1.9%, chances are homebuyers are going to check it out. What many don’t realize is that saving interest is what saves money over the long term, and that […]

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Stress test yourself!

November 13, 2017 | By | Add a Comment

Do your own personal stress test There’s been a lot of freaking out about the latest rendition of the mortgage stress test (even from me, I admit it!). These days, there’s no purchasing power boost if you put more than 20% toward your home purchase rather than 5%. That’s because everyone putting more than 20% down […]

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