23 Nov

4 REASONS WHY MORTGAGE BROKERS ARE BETTER THAN BANKS

General

Posted by: Peter Paley

Today’s blog come from David Cooke from Alberta. Using a mortgage broker is usually better in the short term because we can save you money immediately, this can come in the form of lower interest rates and/or fees. Where we really add value is in the future. We are always working in YOUR best interest. […]

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7 Nov

WHY CAN’T YOU PORT YOUR MORTGAGE?

General

Posted by: Peter Paley

Today’s blog is brought to you by our wonderful Colleague in BC Angela Calla. Mortgage rule changes has been tough as our government braces for future economic recessions. We cannot stress enough the importance of at least getting an opinion from a qualify mortgage professional. Many times we have better rates, terms, policies and strategies […]

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1 Nov

Documents You Need For Your Mortgage Pre-Approval

General

Posted by: Peter Paley

Getting a mortgage these days is a very document intensive endeavour. As new mortgage regulations are mandated, it is our job as mortgage professionals to ensure that all of our clients documentation is in order. This includes verifying income, down payment, ID and Credit to new federal standards. Our colleague Kiki Berg goes into more […]

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15 Oct

RISING INTEREST RATES AND THE IMPACT ON REAL ESTATE VALUES

General

Posted by: Peter Paley

RISING INTEREST RATES AND THE IMPACT ON REAL ESTATE VALUES Rising Interest Rates and the Impact on Real Estate Values. Is there a direct connection? In a post entitled Interest Rates and Property Values. What’s the Connection?, I suggested that there was. An example was given which suggested that mortgage lenders would be directly impacted […]

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28 Jun

General

Posted by: Peter Paley

Having built our home in 2014, these tips will help any propective client wanting to build their home. If you are doing a construction draw mortgage, call me. I have done 100s of mortgages and have gone through the process myself. enjoy today’s blog! TOP 5 THINGS TO CONSIDER WHEN BUILDING YOUR NEW HOME Building […]

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22 Jun

IS YOUR LINE OF CREDIT KILLING YOUR MORTGAGE APPLICATION?

General

Posted by: Peter Paley

As you may have heard me harping before. The new mortgage rules are hurting Canadians purchasing power and not-to-mention their home ownership dreams. Credit managements is paramount when do in a mortgage application. Lender like to see small amounts owed, good credit tenure as well as excellent credit managements. Today’s blog talks about what the […]

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15 Jun

REFINANCING IN 2018

General

Posted by: Peter Paley

REFINANCING IN 2018 Recently there were changes to the mortgage rules yet again, and one of the rule changes was regarding refinancing your home. At one point in the last 10 years you could refinance your home all the way back up to 95% of its current value, which in many cases has put that […]

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13 Jun

WHAT ARE ACCELERATED PAYMENTS?

General

Posted by: Peter Paley

WHAT ARE ACCELERATED PAYMENTS? An accelerated payment is a mortgage payment that is increased slightly so that you can pay off your mortgage faster. There are two common types of accelerated payments: bi-weekly and weekly. Of the two, bi-weekly is the much more common choice because it matches with pay dates more often. An accelerated […]

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11 Jun

MAKING SMARTER DOWN PAYMENTS

General

Posted by: Peter Paley

MAKING SMARTER DOWN PAYMENTS Mortgage Insurance Premiums. Many people know what they are- an extra cost to you the borrower. But not many people realize how they are calculated. Understanding the premium charges and how they are calculated will help lead you to making smarter down payments. 5%- 9.99% down payment of a purchase price […]

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