Search Results for 'pre-approval'

Purchase

June 29, 2011 | By

Buying a new home? Congratulations!  Whether it’s your first home purchase, or you have bought one or more homes before, it’s important to make sure you get a solid understanding of your many home mortgage financing options. Ideally, you want to do that before you start looking at properties. The mortgage financing environment in Canada is contstantly changing, often with new rules and […]

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Buy your cottage and keep it, too

June 26, 2011 | By | Add a Comment

We just got back from our cottage on the Ottawa River.  It’s wonderful there…  Wild windswept forest, water gently lapping onto the sandy beach (and mosquitoes the size of hummingbirds, but hopefully some long overdue hot dry weather will beat them into submission).  I always know that summer’s coming because the smaller members of our household start […]

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Top Homebuying Mistakes and How to Avoid Them

April 26, 2011 | By | Add a Comment

In the market for a new home in the next year or two?  Make sure you avoid these common homebuying mistakes:  Not getting a pre-approval.     The very first thing you should do before doing much more than glancing through the real estate section of the newspaper or online is to go to your mortgage broker […]

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Take the surprise out of mortgage closing costs

April 13, 2011 | By | 5 Comments

Ready to purchase your first home? Let’s see…  You’ve figured out your down payment, started working with a great real estate agent, and have partnered with a mortgage broker to develop a game plan for your mortgage financing, including getting several pre-approvals. You’re off to the races, right? Well, that depends…. Did you review your mortgage […]

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Rates on the rise again

April 5, 2011 | By | Add a Comment

TD has announced that they are raising fixed rates for 1 to 5 year terms by as much as 35 basis points.  The other financial institutions are expected to follow suit in the next few days, as rising bond yields are increasing their cost of funds, and putting upward pressure on mortgage rates.  What does […]

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