November 29th, 2017
Although going through the pre-approval process is more important than ever, the actual term ‘pre-approval’ is often misleading. It really addresses just a few variables that may arise once in … [read more]
November 28th, 2017
Often, when we talk to you about mortgages, Mortgage Professionals will provide you a set of choices involving banks, credit unions and single service mortgage providers called a “Monoline” and … [read more]
November 27th, 2017
Sales of new homes in the Greater Toronto Area surged in October, driven by multifamily and condo apartments in high-rise and medium-rise buildings and stacked townhomes. A report from the … [read more]
November 27th, 2017
The question most often asked: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality you qualify to move ~80% of the balance… … [read more]
November 24th, 2017
Paperwork-it’s a fact of life. You need it and we as mortgage professionals also need it. Below is a list of must have documentation BEFORE you start going through the … [read more]
November 22nd, 2017
Being fully pre-approved means that the lender has agreed to have you as a client (you have a pre-approval certificate) and the lender has reviewed, approved ALL your income and … [read more]
November 21st, 2017
1. Not consolidating high interest debt into low interest mortgage. 2. Paying “fees” to get the lower rate 3. Not looking at their long term forecast 4. Taking a 5 … [read more]
November 20th, 2017
Have you been approved for a mortgage and waiting for the completion date to come? Well, it is not smooth sailing until AFTER the solicitor has registered the new mortgage. … [read more]
November 17th, 2017
British Columbia is introducing new rules from spring next year designed to strengthen consumer protection. The Office of the Superintendent of Real Estate announced this week that new measures would … [read more]
November 17th, 2017
Once your mortgage has been funded by your lender, you need to decide on how frequently you want to make your mortgage payments. Most people want to pay off their … [read more]
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