Reverse Mortgages can be an excellent tool for Canadians who are 55+. This tool needs special consideration and planning to make sure it is right for the borrower. They aren’t for everyone, however, which some planning and expert DLC advice they work well for many of our clients. Enjoy today’s blog… REVERSE MORTGAGES IN CANADA […]

Buying your first home is so overwhelming. To be honest, we just bought our 4th home and it was equally overwhelming. The most important thing is to stay calm and approach the buying process with a level head and from a place of reason and common sense. Enjoy today’s blog… 5 MISTAKES FIRST TIME HOME […]

Today’s Blog can give you great insight into whether breaking your mortgage early is a good idea to potentially save $1000 in unnecessary interest and fees. Enjoy FIXED RATES OUTWEIGHING VARIABLE We are currently in a very unique situation when it comes to 5-year fixed and 5-year variable interest rates. For the first time in […]

Today’s blog is written by our colleague Geoff Lee. The First Time Home Buyer’s Incentive Program has started and it important to understand a few point that are outlined in the blog. 1). Your borrowing amount is limited to 4x your household income. Your purchase price is limited to 4x your household income + your […]

Today’s blog is about Cash-back mortgages. To be honest I’m not a very big fan of them. However, they can be a very useful tool for homebuyers if used correctly. I feel that many of the big banks use them as a lure to attract unsuspecting first-time homebuyers. This blog is jam packed with great […]

Our Blog today comes from our colleague from Saskatchewan. In Manitoba, our regulator is the Manitoba Securities Commission. Manitoba is similar to Saskatchewan with a few differences. WHAT IS A MORTGAGE BROKER? You may have noticed that there are many different terms for those of us who work in the mortgage industry besides “broker”. Mortgage: […]

I remember when I purchased my first time in 1998 and was living the dream. I was 22 years old. 3 months after I moved in and I received my first water bill (billed quarterly). I remember calling my mom and asked her “Is this for real?” After she finished laughing at me, she confirmed […]

“What is your best rate?” is the number one question I get as a mortgage broker. My answers is usually in a joking tone, “0% Fixed rate, all you need is a 100% down payment”. While rate is important, it certainly isn’t the be-all end-all. Today’s blog will discuss the differences. Enjoy the blog! MORTGAGES […]

Yesterday, the Government of Canada released a number of tools and resources on the First-Time Home Buyer Incentive program page. Here’s a list of the items you can expect to find: • An Eligibility Calculator to test and evaluate different financial scenarios and view their impact on mortgage payments. • A Product Highlight Sheet (PDF) […]

7 STEPS TO BUYING A HOME It’s important to understand the home buying process, so here’s a 7-step checklist. Step 1: Down Payment The hardest part to buying a home is saving the down payment (a gift from the Bank of Mom & Dad also works). • For purchases under $500,000 minimum down payment is […]