Our Blog today comes from our colleague Kevin Carlson. In my opinion, he is quite correct in not blaming the mortgage stress test for the woes of Canadian Home owners. Consumer credit is too easily accessible and I would make an argument that mortgage qualification guidelines apart from the stress test need to be changed. […]

Today’s BLOG comes from our Our House Magazine. My unbiased opinion *wink*, is that everyone should use a mortgage broker. Even if it just to get a second opinion. A good mortgage broker will tell you the truth if your bank has a good offer or explain why their own offering may be better! Enjoy […]

Today’s BLOG is full of great information. To Co-sign or Not to Co-sign. Co-signing a mortgage these days is a tremendous decision and responsibility. Many of our clients seem to think that if they simply get a co-signer that all will be well. That, simply isn’t the case. It is really important to understand the […]

There are a lot of misconceptions about mortgages today. How much do I need as a down payment? The Zero down payment mortgage of the past no longer exists. How it used to work, was a lender would give you 7% Cash Back from the mortgage proceeds which used to be allowed for the down […]

Going through a divorce doesn’t mean you have to split from your home When we tie the knot with our soulmate, we assume it’s going to be forever. It’s pretty much written in the vows. Unfortunately not all marriages have fairytale endings. In fact, a very significant amount of marriages in Canada end in divorce. […]

QUALIFIED TO MAKE SURE YOU QUALIFY – OUR HOUSE MAGAZINE If you need open-heart surgery, you want to be sure the doctor in the operating room knows what they’re doing. You want to know they’ve got the professional education, skills and experience to carry out the life-saving procedure. You would expect nothing less from the […]

Your credit score today is SOOOOO important when applying for your mortgage. Mortgages today are more of a planning process that a transaction. As a mortgage broker, I have been predicting this change for a while. Time after time, I find my clients getting insufficient advice from their bank or credit union. The tiniest and […]

Today’s Post in the blog is actually an article posted recently by Mortgagebrokernews.ca by Ephraim Vecina. The full article is available on their website. I have posted the link towards the bottom of the post. Mortgages From Banks Are More Costy Than Alternatives The lowest mortgage rates offered by the country’s leading banks are uniformly […]

Refinanincing your home can be a powerful financial planning tool. It can give your and your family the ability to pay off much, or all of your consumer debt and allow you to take control of your finances and start saving for retirement or your kid’s education. In recent years, the Government of Canada has […]

First timers are my favourite. I have a soft spot in my heart for helping brand new, bright eyed clients get into their first home! I love it! There is so much to teach them. Mortgages are not just about rate and payments. There is so much information to review. Household budget, future plans, closing […]