Why Do People Break A Mortgage?
Current statistics indicate that over 60% of Canadians break their mortgage earlier than a 5 year term, the average is at 36 months. The...
What is hiding in your fine print?
I would like to caution you to beware of is lender fees and asset transfer clauses. Some lenders offer fantastic, too good to be true...
Exit Costs of a Mortgage
The top reasons people break their mortgage are divorce, sell their home, interest rates have dropped, they need to pull equity out of...
Portable vs. Assumable
Having a mortgage that is able to be transferred to another property (portable) or another person (assumable) allows you some flexibility...
How to save money by Refinancing your home.
Moving homes can be expensive, in fact it is more costly than ever, and there logistics to consider. For those that actually like, or at...
Bridge Financing Explained
A bridge loan or bridge financing can be available for clients as a way to “bridge” the gap between 2 mortgages when your closing dates...
Closing costs - lawyers fees
When preparing mortgage options for our clients, we include all fees involved in the process, so that our clients have a full picture of...
Climbing home sales suggest a soft landing
From First National The October read on home sales and prices has returned words like “balance” and “soft landing” to the conversations...
When is the right time to talk about your Mortgage?
When is the best time to connect with your Agent/Broker to talk about your mortgage? The correct answer is not x number of months before...
Stated income mortgages for self employed
We have had a few clients inquire about stated income mortgages if they are self employed. The number one question: Can I tell the lender...
