3 steps to saving money at renewal time
Want to know how to save money at mortgage renewal time? Get your mortgage renewal letter and offer from your lender. Send this letter to...
19 Items that affect YOUR interest rate
In today’s complicated mortgage market the difference between “what is your best interest rate” and “what Is my interest rate” may be...
Why get pre-approved with a broker?
Did you look at only one home when you wanted to purchase? What about only homes listed by a particular real estate agent? No, you look...
What does Loan To Value (LTV) mean?
The loan to value (LTV) is the total mortgage amount divided by the appraised value of the home at the time of the loan. The two types of...
Mortgage Term Length
The mortgage term is the length of time of your mortgage commitment. Typical terms are 1, 2, 3, 5 and 10 years. "The most common...
The Amortization Difference
The amortization term is the lifetime of your mortgage. Changing your amortization term greatly affects your payment amount; making it...
Collateral vs. Conventional Mortgage
There are two types of mortgage charges: • A standard charge is where the amount of mortgage money you are requesting is secured to the...
Contract vs. Discounted Interest Rate
While every mortgage has a contract rate some lenders record this differently in their paperwork. You may have a contract rate or you...
Ontario's Top 10 Cities for Real Estate Investment
The latest report released by the Real Estate Investment Network (REIN) looked at 36 economic and market factors. The report identifies...
Why do buyers buy?
So, what is the top motivator for people who plan to buy a home? Survey says! They want to stop renting. 65% of first time buyers and...
