Many homeowners are somewhat aware of the fact that you can take out a second loan on your home. You may have heard your friends mention it or perhaps a family member close to you has gone through the process—but do you truly know what it means to take out a second mortgage? We have […]

One of the greatest milestones in the process of purchasing a home is when your offer to purchase is accepted! Unfortunately, that moment is quickly followed by stress – securing financing. 99% of the time a realtor will ask you if you have been pre-approved by a bank or a mortgage broker before they write […]

  You may have already seen the more technical BANK OF CANADA RATE ANNOUNCEMENT on October 24th, or you may not have. The Coles Notes (the simplest version) are as such: The global economy remains strong, the USMCA will reduce trading uncertainty The Canadian economy is balanced for the foreseeable 2 years Household spending will increase, but […]

Porting a mortgage is kind of like transferring a mortgage. When you transfer, you are moving your current mortgage to a different lender in order to take advantage of different interest rates or mortgage products. When you port your mortgage, you keep your lender but move the mortgage to a different property. Now, not every […]

Have you ever heard of the term “rate-hold”? If you have ever worked with a mortgage broker then you probably have heard of a rate-hold! Rate-holds are something that the majority of lenders offer to potential clients purchasing a new home who need a mortgage. Rate-holds are generally not given out for people refinancing their […]

Many people go through challenging events in their life that affect their finances. Divorce, job loss and health issues top the most common reasons. I commend you on getting your finances sorted out and back on track. The moment you FILE that consumer proposal or bankruptcy is the time to start rebuilding your credit history. […]

With the importance of real estate in Canada, it is vital to understand how the various professionals in this sector operate when buying a home. Sooooooo… what is the difference between a Mortgage Specialist & a Mortgage Broker? At the surface, they sound the same; • They both arrange mortgages • They both can offer […]

Are you in the market for a new home? If you are but you don’t already have a pre-approval from your mortgage broker, be sure to read on. Pre-approvals are very important for two reasons. They give you confidence in knowing that a specific amount of financing is available for you. A pre-approval can put […]

Insurance coverage is something that everyone is “pitched” at some point or another in their life. Unfortunately, a lot of us have a negative attitude towards insurance or warranty as it is perceived as being a cash grab. Yes, if you are purchasing a flat screen T.V., that extra 2-year warranty for $100 might be […]

A HELOC, or, Home Equity Line of Credit, can be one of the greatest gifts you give yourself. Borrowing money against your home as you accumulate equity through a shrinking mortgage or an increased property value is something that most people can take advantage of. With all this increasing value and home appreciation, people are […]