Once upon a time, a New Mortgage Lender was established in Canada. This New Mortgage Lender was designed to lend on ‘out of the box’ cases (also dubbed ‘B’ mortgages, Alt-A or Sub-prime mortgages) where a client that didn’t exactly conform to the general underwriting rules and requirements of ‘A’ mortgage lenders could still be [...]
September 19, 2011
This is a message that as a team of Mortgage Professionals we’re trying to get out to EVERY Canadian homeowner possible! Did you know? According to a 2010 study by CAAMP, on a national average, Mortgage Brokers complete about 50% of all new home purchase transactions. After the fact, Banks renew approximately 90% of [...]
November 18, 2010
Having processed hundreds and helped our team process literally thousands of transactions in my career, I’ve come across so many different situations and it goes almost without saying that everyone’s situation is unique. Even more so, it’s important to note that as many things that this guide will educate you about mortgage products and the ‘right’ things to do to successfully obtain mortgage financing, there are also a few pitfalls that I’m happy to be able to help you avoid as well. Here’s a list of a few of the things that I’ve experienced in my career in helping clients with their mortgage needs…
November 16, 2010
A common misunderstanding among many clients is that a pre-approval by a lender gives them the 'OK' to start house-shopping, and guarantees that they can purchase a new home. Oftentimes, this is NOT the case.
October 19, 2010
In addition to the provincial and municipal rebates that you may be eligible for when you upgrade your home (windows, furnace, roof, etc...), you could also save on your mortgage default insurance premiums if you buy a green home or upgrade your current one?
October 12, 2010
Considering that at the 'heart' of what we do is to help clients become financially free (or at least better off from a net worth perspective), it's a bit ironic that we help clients acquire property via mortgage loans... That's only step 1. Step 2 is really educating borrowers on how to pay their mortgage off before their contract says they can. Here are four small-but-effective ways that you can save on your mortgage beyond just having a low rate:
October 4, 2010
It's common for homebuyers and homeowners to want to 'tweak' their surroundings with a touch of personal flair... but where do you get your biggest bang for your buck and what are some of the 'money pits' that you'll likely never see a return on your investment?
September 16, 2010
A review of the simple concept of why buying makes more sense than renting
June 30, 2010
A HUGE part of what we do as mortgage professionals is simplify the home-buying and home refinancing process for all of our clients. During every interaction, we do our best to educate and inform homebuyers and homeowners of the ins and outs of the homebuying process. As a team of 31 Mortgage Specialists, we send in literally dozens of mortgage applications for Canadians on a weekly basis and therefore have an intimate understanding of what the diverse needs of our Canadian mortgage borrowers are, what products exist in the Canadian Mortgage marketplace, and most importantly, in marrying the previous two together, knowing how to structure things properly to give lenders what they want to see as applications come across their desks. With this in mind, we have dissected a mortgage application from the point of view of the lender into four parts. Over the next four days, we will walk through an outline of the most important items that we recommend that mortgage-seekers should take note of to help ensure a smooth mortgage-seeking experience.
December 20, 2011