So many of you will not recall 1981 mostly because you weren’t born or were too young to care about mortgages and what the interest rates were. In 1981 interest rates on a mortgage were 19.75%, yup the same as a credit card. It was a great time to be having money in bonds as […]
So How Does Today’s Mortgage Payment Compare To 1981 Read More »
CMHC’s latest trends show that 48% of first time home buyers are looking to mortgage brokers for their mortgages. This reflects I believe the changing of the guard if you will, of how today’s generation believes that on line is the way to start your search. This is a change that is happening as their
First Time Home Buyers Looking to the Mortgage Broker Channels Read More »
Fraud is such a dirty word in today’s business world, it has the feel of under world behaviour that all societies fear. Sometimes fraud happens because people don’t know that they are committing it just by the simple act of omission. In almost 10 yrs of mortgage brokering and hundreds of millions of dollars of
What is Mortgage Fraud Read More »
Self-employment or BFS is more and more common these days when your applying for a mortgage it’s important that we know your history and prior experience. This especially applies for those who have maybe moved from one profession to another to become self-employed. Lenders want to know the why and how of your back ground.
Tips for Self-Employed Mortgage (BFS) Clients Read More »
Occasionally you will see mortgage rates that seem too good to be true and sometimes they are but how do the lenders make these rates look so good. Here’s a list of things you should watch for when mortgage shopping that can make a mortgage rate seem lower: Mortgage rates can be made to appear
6 Essentials to Watch for During Your Mortgage Shopping to Lower Mortgage Rates Read More »
Getting pre qualified for a mortgage is different than just getting pre approved. Pre Qualifying is the process by where we actually gather your documents and work out exact numbers for you to go searching for a new home. First and foremost we need to collect your income information for the pre qualified process, this
Seven Items to Think about Before Opting for a Mortgage to Buy a New Home Read More »
What is Critical Illness Insurance? Have you ever known anyone in your life who has had a heart attack or cancer and survived? That’s what critical illness insurance is for if you have critical illness insurance on your mortgage and you survive your mortgage could be paid out. It’s hard to not think of someone
Let’s talk about Critical Illness Insurance for your Mortgage Read More »
Mortgage life Insurance is something that many people think is a waste of time and money. In all honestly if you haven’t insured your biggest investment separately then all of your good planning for retirement and becoming financially independent will can go out the window if you are disabled, become critically ill or worse yet
Let’s talk about Mortgage Life Insurance Read More »
Closing costs are one of the things that most first time buyers are unaware of; they are the costs of purchasing that come from the lawyers and the government when you purchase a home. The government in many but not all locations has something called land transfer taxes. The tax is applied to the purchase
Closing Costs — Are You Prepared for them? Read More »
What is HELOC First off in this process is understanding what a HELOC is, HELOC stands for home equity line of credit and is a line of credit secured by your home. HELOC’s in the past where allowed to go to 80% of the value of your property. A few years ago the government changed
HELOC — What it means & How it works Read More »