The best part about being a mortgage broker is having access to many programs that banks and credit union may not participate in. The Flex-down program is just such a program. It is a great way for home buyers who are having a hard time saving up for their down payments and closing costs. Closing […]

THE MORTGAGE INSURANCE MARKET & WHOLESALE LENDERS The Canadian mortgage market used to be very simple. We had the big banks, credit unions, and trust companies. However, almost 20 years ago, the Canadian government made three major changes to the Canadian mortgage industry. First, the government and CMHC put their weight behind Canadian mortgages by […]

Having been in this industry for about 20 years, I can honestly say I don’t know what I would have done personally without all of the excellent REALTORs I have had in my life. Leigh Nanton patiently helped me with my first home in 1998, then Karen Machut with my condo purchase, duplex purchase, and […]

THE MOST IMPORTANT QUESTION THIS SPRING Short Version: The most important question a home-seller must ask their Broker or their banker this Spring: ‘Do I QUALIFY to port my mortgage?’ You must re-qualify to port your mortgage to a new property, and you must re-qualify under stringent new rules. How stringent? Long Version: Let’s say […]

Apparently, as per the weather experts, March has a lot of snowfall and surprisingly so does April! Hearing this on the radio gives you a wave of emotions: holy cow, oh great, I wonder how many vacation days I have left and when can I take down my Christmas lights. Good news, those same weather […]

The Spring home buying frenzy is well underway. Many listings are starting to get multiple offers on the offer date. The questions we always get from REALTORs and Homebuyers is “How can we write an unconditional offer?” The simple answer is you really can’t. I know, many REALTORs and many Homebuyers take huge and monumental […]

What usually follows once someone hears the term “Monoline Lender” for the first time is a feeling of suspicion and lack of trust. It’s understandable, I mean why is this “bank” you’ve never heard of willing to loan you money when you’ve never banked with them before? In an effort to help you see the […]

KEEPING YOUR CREDIT SCORE HEALTHY If you haven’t seen your credit score, you’re not alone. Many of our clients don’t know about their credit score or even know what it is when we first meet with them. During our initial consultation, we go over your complete credit report with you. As an added bonus, we’ll […]

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 […]

Our own Pauline Tomkin discusses what you need to know before your mortgage renews. IT is really important to do your due diligence to ensure you are in fact getting the best rate and terms for your personal situation. A 2nd opinion could save you $1000s of dollars in unnecessary interest and fees. Enjoy the […]