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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Buying a condo? Check out the reserve fund

March 19, 2019 | By | Add a Comment

Thinking of buying a condo in Toronto? Here are the key points to know so you can understand the reserve fund. First, what is a reserve fund? A portion of every condo owner’s monthly maintenance fee goes into a reserve fund. That money is then set aside by the condo corporation to pay for things […]

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Self employed? Mortgage planning is *key*

January 21, 2019 | By | Add a Comment

What you need to know about getting a self-employed mortgage If you’re an entrepreneur, small business owner, consultant, or work on contract rather than full-time salary, and will be mortgage shopping soon, just a heads up. It’s getting harder and harder for people who are self-employed to get mortgage financing. Salaried employees can easily prove […]

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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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