Tag: mortgage planning

Pre-approvals made simple

March 24, 2017 | By | Add a Comment

The ins and outs of mortgage pre-approvals When you’re house hunting, it’s important to know the amount of mortgage you qualify for, your monthly payments, and that your interest rate will be held for a specified period of time i.e. 120 days.  Getting a mortgage pre-approval ensures that you can shop within your price range, […]

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9 tips for surviving the housing market

January 1, 2017 | By | Add a Comment

Your Mortgage Blueprint for the New Year Canadians are definitely talking about the housing market – what do the new mortgage rules mean, is this the right time to buy, have mortgage rates bottomed out, is a lender’s renewal offer the best available, and on and on! For many, it feels like some uncertain times […]

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Mortgage rates going up: the Trump effect

November 14, 2016 | By | 2 Comments

Lenders advise: mortgage rates going up We’ve just received several notifications of mortgage rates going up, imminently.  Rob Carrick’s latest article in the Globe and Mail highlights the impact of the U.S. election on bond rates. “Mr. Trump’s plan is to stimulate the slow-growing U.S. economy by spending big on infrastructure, and that has financial markets worrying […]

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Why use a mortgage broker? 59% would, when they learn the benefits

November 7, 2016 | By | Add a Comment

Do first-time homebuyers really get any benefit from a mortgage broker? Last week I met with Tom* and Marcy*, a couple in their early 30s who are interested in doing the mortgage planning for the purchase of their first home. They’re thinking of a property in the $700,000 range in Toronto or Mississauga. They have solid jobs; Tom’s […]

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Is the bi-weekly mortgage payment always better?

March 21, 2016 | By | 1 Comment

The mystique of the bi-weekly mortgage payment I met with clients over the weekend to do some mortgage planning. They’re buying their first home, and they had lots of great questions about lender options, how to decide between a variable rate or fixed rate mortgage, and the mortgage process. Then they said something I’ve heard clients […]

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4 first time homebuyer programs you should know about

March 14, 2016 | By | 4 Comments

Buying your first home in Toronto? …  Or surrounding areas such as Etobicoke, Mississauga, Oakville, or beyond?   There are first time homebuyer programs you should keep in mind when doing your mortgage planning.  They’re brought to you by both the federal, provincial, and Toronto governments. Two key things you’ll need to save for when buying your […]

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Why mortgage brokers like monoline lenders (and you should, too!)

February 29, 2016 | By | Add a Comment

Monoline mortgage lenders – offering mortgage choice Finding a perfect mortgage is like finding the perfect home. It’s an important decision that requires a lot of shopping around. That’s where we mortgage brokers come in. We’re a one-stop shop, with access to over 50 of Canada’s leading lenders. We don’t just work with the major banks; […]

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What are B lender mortgage rates?

February 15, 2016 | By | 2 Comments

How much do alternative lenders charge? If you’ve considered a B lender, chances are you’re worried about how much exactly you would need to pay.  In my experience, people often get alternative lenders confused with private lenders, which is an entirely different group of mortgage lenders.  In fact, B lender mortgage rates are typically much less than people […]

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