Tag: Etobicoke

Buying a house for more than $500K? Check your down payment

December 28, 2015 | By | 5 Comments

Minimum down payment increase – what you need to know On February 15, 2016, the minimum down payment rules will be changing in Canada.  On homes purchased for more than $500,000, the portion of the house price over $500,000 will require at least a 10% down payment, rather than the current 5% down.  The minimum down payment for the first $500,000 […]

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Why use a mortgage broker? 10 reasons

December 4, 2015 | By | Add a Comment

Latest Home and Mortgage Newsletter The December 2015 issue of our mortgage newsletter covers a question you may be wondering about – what benefit do I get from using a mortgage broker? It covers 10 great ones!  (And for more, check out my thoughts on this, here, and some client testimonials, here!) There’s also a […]

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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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Overwhelmed by debt? Denial can hurt you more…

September 16, 2015 | By | 1 Comment

Waiting to deal with debt can hurt you The CBC published a great article a while back, entitled “Debt’s Dirty Dozen Danger Signs“.  The article highlights an issue we mortgage brokers come across all the time.  That is, people waiting too long to ask for help. A mortgage consolidation can give you financial breathing room If you […]

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Fixing your credit after bankruptcy

June 8, 2015 | By | 8 Comments

Mortgages and financing after bankruptcy One of the most common situations I encounter when talking to my post-bankruptcy clients is a lack of re-established credit. With our alternative lenders, I can get good rates for people with past credit challenges, even if there’s a bankruptcy or consumer proposal in the picture, but if there is […]

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Your down payment – what you need to know

May 10, 2015 | By | 10 Comments

Down payment tips – how to prep You’ve got your down payment and you’re ready to go. Congrats!  So what’s next? Confirming the details To fulfill the conditions of your mortgage approval, you’ll need to document the heck out of everything.  It’s required by all lenders to protect against fraud and to prove that you are not […]

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Need a mortgage soon? What NOT to do

February 24, 2015 | By | 1 Comment

Buying a place you love? About to put an offer to purchase together?  Make sure you will be able to buy that place you fall in love with. You can lose your financing if you make the following mistakes: 1.  Assuming your pre-approval is all you need Be aware of the “non pre-approval”.  A full approval […]

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Fall in love with your mortgage

February 14, 2015 | By | Add a Comment

Resent your mortgage? Or worse, are you a little afraid of it?  You’re not alone.  Most of us see the mortgage as this giant debt that is our single biggest monthly expense, and there’s not much that seems good about it. How can you appreciate your mortgage? Simple.  Get to understand it better. If you have […]

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