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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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 “blah, blah, blah, waaaah!” 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 […]

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New mortgage stress test for 2018 – why you might want to buy or refinance *now*

October 20, 2017 | By | 2 Comments

Purchase – or refinance – before the rules change in January If you’re looking to buy with a down payment of more than 20 percent, or if you’re considering refinancing, then you might want to do so before January 1st.  Why?  On October 17, the Office of the Superintendent of Financial Institutions (OSFI) released new […]

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Fixed or variable rate mortgage: which is better?

October 9, 2017 | By | Add a 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 3.44%, give or take a bit. You can […]

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Difficulty making mortgage payments?

September 19, 2017 | By | Add a Comment

Many factors can make it hard to make your mortgage payments Sometimes unforeseen financial circumstances can result in your having difficulty making mortgage payments.  Or perhaps your financial stress results from taking on too much other high-interest debt. It can be tempting to want to conceal your debt problem for as long as possible. But […]

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Which mortgage features are most important?

September 5, 2017 | By | Add a Comment

It’s easy to look online for a mortgage rate. But most mortgages vary only slightly on that. So how do you decide which mortgage is best for you? Rate is only one aspect of saving money on your mortgage over the long term. It’s essential that you also consider mortgage features. Here are the big […]

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