Fixed versus variable interest rates
Fixed Interest Rates This is usually the more popular choice for clients when it comes to deciding on which type of interest rate they...
How the mortgage industry became green
When I started working as a broker in 2005, the mortgage industry and the financial industry in general weren’t very eco-friendly. Let’s...
What is a Collateral Mortgage?
A collateral mortgage is a way of registering your mortgage on title. This type of registration is sometimes used by banks and credit...
6 Reasons To Get A Home Inspection Before You Buy
In an active housing market sometimes buyers are urged by their realtors to make an offer with no conditions. As a mortgage broker this...
Foreclosure Not Automatic on Default
According to a recent case tried in the Court of Appeal for Ontario, Winters v Hunking, 2017 ONCA 909 as summarized by Scott McGrath of...
RRSP – Use home buyers’ plan (HBP) more than once
Under the home buyers’ plan, a participant and his or her spouse or common- law partner is allowed to withdraw up to $25,000 from his or...
Pre-Sales- Safe of New Rules?
The best part about pre-sales, especially for first time home buyers, is it allows you to reserve a unit for the cost of a deposit and...
Improving your credit score
Your credit score is a big factor when you apply for a mortgage. It can dictate how good your interest rate will be and the type of...
The role of the insurer in a mortgage
Any time a down payment for the mortgage is less than 20%, it is required that the mortgage must be insured thru an Insurer. Why does...
What’s an acceptable down payment for a house?
Ask people this question and you will get a variety of answers. Most home owners will say 10% is what you should put down. However, if...
