Search Results for 'bankruptcy'

Want to avoid homebuying mistakes?

February 8, 2016 | By | Add a Comment

Set yourself up for homebuying success Buying a new home soon – say in the next year or two?  It’s a very exciting time!   Even if you’re not a first-time homebuyer, you might have heard that mortgage rules have changed since the last time you bought.  I’m sure you want to avoid the top homebuying […]

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7 tips for mortgage after consumer proposal

February 1, 2016 | By | 5 Comments

Getting a mortgage after a consumer proposal? If you’re like most people, getting a consumer proposal feels like a big relief at first. You want to get this thing done and then move on with your life. But the moving on can become very frustrating because potential new creditors, such as when you want to […]

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Falling deeper into debt?

January 18, 2016 | By | Add a Comment

Debt is on the rise…  Yes, again It seems like this is the time of year when we hear a lot about household debt.  In one bankruptcy blog, the author writes that while a lot of focus has been directed at the real estate market, in 2015, consumer credit – i.e. non-mortgage debt – grew […]

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What is a private mortgage? Another entry in the mortgage glossary

November 16, 2015 | By | 6 Comments

What is a private mortgage and why might you want one? A private mortgage is one that is offered by an individual or a company who is not a mainstream or alternative institutional lender.  The private lender is willing to lend money out to borrowers who have equity in their property, need financing for a […]

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Bad credit? Mortgage options you should know about

January 9, 2015 | By | Add a Comment

Worried that your bad credit might stop you from getting a mortgage? You’re not alone – many people have credit issues in the past, and it can definitely make it hard to get a mortgage on your terms. That said, it doesn’t mean you won’t get one, nor does it mean that you’re stuck with that […]

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Meeting with your mortgage broker – what do you need to bring?

December 22, 2013 | By | 2 Comments

Meeting with your mortgage broker for the first time So you have set up a meeting, and you’re wondering what information you’ll need?  I often get asked this before I meet with my clients, regardless of whether they are first-time homebuyers, seasoned property investors, or in between.  Every mortgage professional is a little bit different, but I […]

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Mortgage glossary – what is the financing clause?

November 7, 2013 | By | Add a Comment

When you are making an official bid to purchase a home, your first step will be writing up your “Offer to Purchase”.  Usually, you’ll be working with your real estate agent to put this together.  In the Offer, you will have the right to include several clauses that protect you in case things don’t work out.  Really, you’re protecting your deposit, […]

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A day in the life of a Toronto mortgage broker

April 19, 2013 | By | Add a Comment

What a mortgage broker really does Every so often I get a question from people that makes me realize that, in general, most people have no idea what I do.  They assume that I must sit in my office fielding calls and working on my computer from 9 to 5.  Or, the opposite view is that I […]

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