Connected To More
Signed in as . Sign Out.
Facebook
Subscribe
Viewing All Posts. 118 Posts Found.
Page: 1 2 3 4 5 6 7 ...12   Previous | Next

Not All Mortgage Penalties Are Equal

This is a story about Joe and Sue. Two different people with similar mortgages, but very different prepayment penalties.  Joe and Sue each buy a house at the exact same time for the exact same price and get a mortgage for the exact same amount. The only difference is Joe uses a Big Bank, and Sue uses a monoline lender for their mortgages. Let’s assume they both received a rate of ...

8 Things to Avoid After a Mortgage Preapproval

You have word from your agent letting you know you are pre-approved for a mortgage. This is an exciting time as you are well on your way to purchasing a new home. A preapproval is usually good for 60 to 120 days depending on the lender. If you do not purchase a home within this time frame, the lender may require you to get preapproved again. Therefore, it is important to continue the great behavior ...

Your Home Buying Team

Purchasing a home is likely to be the largest investment you will ever make, and that means that it is very important you have a team of professionals working with you throughout the entire process. More and more clients are discovering the benefits of utilizing the services of a professional mortgage broker to help them secure financing for their homes. Why is this? It is simple really. The ...

Time for a Roof Checkup!

Time for a Roof Checkup!   With winter just around the corner, now is the perfect time to inspect your roof to ensure that your home will be protected from the snow and rain that comes with it!   Depending on the age of your roof, environmental factors and building materials, it’s a good idea to complete inspections twice a year, with the best seasons being spring and fall.  ...

Follow these six tips to save money and time during the back to school season!

Follow these six tips to save money and time during the back to school season:   1. What do you already have? To avoid unnecessary shopping trips and expenses, take some time to go through your home to see if any of the stationary supplies that you already have, such as binders, calculators or art supplies, can be reused.      2. See what fits Heading ...

Home Inspections

Home Inspections What are their purpose and why are they important? The purpose of a home inspection is to reveal any defects or flaws that a property has, so that potential buyers can make an informed decision and avoid costly surprises down the road. During an inspection, the inspector will investigate every room in the home to identify and assess possible underlying health and safety ...

Standard Charge VS Collateral Charge Mortgages

Standard Charge VS Collateral Charge Mortgages When you need a loan to purchase a property, your bank or lender will require security for repayment in the form of a charge that is registered at your provincial land registry office. This process secures the residential mortgage loan to your property, and gives your lender certain rights as it relates to the terms of your agreement. There are ...

The Prime Rate

The Prime Rate & Regulation Changes   In Canada, mortgages are directly impacted by the prime rate and mortgage regulations established by Government. In the last decade, a drastic drop in the prime rate, coupled with the introduction of new regulations, have enabled consumers to take on more manageable debt loads. The prime rate is the interest rate that commercial banks ...

Down Payments: 5% vs 20%

Down Payments: 5% vs 20%  When purchasing a home, one of the most important decisions you’ll make is the size of your down payment.  In Canada, the minimum amount required for any home purchase is 5% for an owner occupied home and 20% for a rental property.  Owner occupied homes with 20% or greater down payment do not require mortgage loan insurance.  Here are some ...

Thinking of Renting that Basement Suite? Tips for First-Time Landlords

Having a rental space in your home is a great mortgage helper as well as it also increases the value of your home.  Many people are unaware of the challenges that are generated by having a rental suite in their home.  Here are some tips and tricks to ensure you are equipped to handle your first tenant experience.  1. Consider your privacy.  Can you live with seeing a ...
Subscribe
Viewing All Posts. 118 Posts Found.
Page: 1 2 3 4 5 6 7 ...12   Previous | Next