Mortgage broker

Mortgage broker

What you need to know before buying a home

Many first-time home buyers are surprised to discover just how many ways you can mess up the home financing when buying a home. You may received your pre-approval, found a home you loved and made an offer. But if you want to avoid messing up the transaction, you will need to be extremely careful until the sale [...]

By | 2017-12-07T19:21:59+00:00 December 7th, 2017|Mortgage Tips|Comments Off on What you need to know before buying a home

Advice for credit challenged clients

In today’s economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there’s no doubt that many people may not fit into the traditional banks’ financing boxes as easily as they may have just a year ago. Your best solution is to consult your mortgage agent to determine whether your [...]

By | 2017-01-04T01:02:18+00:00 December 13th, 2013|Credit Bureau|Comments Off on Advice for credit challenged clients

Flaherty charges CMHC new risk fee on mortgages

Finance Minister Jim Flaherty is taking another step to curb taxpayers’ exposure to the housing market, by charging Canada Mortgage and Housing Corp. a new risk fee. As of Jan. 1, the Crown corporation will have to pay the government a fee equivalent to 3.25 per cent of the mortgage insurance premiums it writes and [...]

By | 2017-01-04T01:02:18+00:00 December 5th, 2013|Economy|Comments Off on Flaherty charges CMHC new risk fee on mortgages

Thirty-year Mortgages

Canada’s banking regulator is still monitoring 30-year mortgages, the head of Canada’s financial regulator told a conference of mortgage brokers in Toronto on Monday. In recent years there has been a shift in the marketplace, with lenders offering more 30-year amortizations, and that’s something that the regulator is studying, Julie Dickson, the head of the [...]

By | 2017-01-04T01:02:18+00:00 November 26th, 2013|Economy|Comments Off on Thirty-year Mortgages

CMHC Mortgage default Insurance

No one wants to inflate a housing bubble by encouraging folks who can’t afford the debt to buy. But many creditworthy first-time homebuyers are paying much more than they should have to for a significant portion of their housing purchase. When it comes to mortgage default insurance, Canadians get little choice and sky high prices, [...]

By | 2017-01-04T01:02:18+00:00 November 25th, 2013|Economy|Comments Off on CMHC Mortgage default Insurance

Pay off your mortgage early

Let the financial dust settle and relax, then think about what options you have to improve and shrink your long-term debt from the mortgage Everyone wants us to be in debt. Shops want you to take on debt so you will buy more stuff, banks want you in debt for the interest they receive from [...]

By | 2017-01-04T01:02:19+00:00 November 24th, 2013|Mortgage Tips|Comments Off on Pay off your mortgage early

What to do when your credit score is too low for a mortgage

If you're preparing to buy a home, you probably know that your credit score is  important. Maybe you've already been turned down for a mortgage because of a low  credit score. Or maybe you've recently pulled your credit report, only to  realize that your credit is worse than you expected. Don't give up on buying [...]

By | 2017-01-04T01:02:19+00:00 November 8th, 2013|Budgeting|Comments Off on What to do when your credit score is too low for a mortgage

Renewing and Renegotiating Your Mortgage

Overview When you bought your home, you probably signed a mortgage agreement that remains in effect for a certain period, called the term. When your mortgage term comes to an end, you will have to pay off your mortgage, renew it for another term or switch your mortgage to another lender. The end of your [...]

By | 2017-01-04T01:02:25+00:00 June 20th, 2013|Mortgage Products, Mortgage Tips|Comments Off on Renewing and Renegotiating Your Mortgage

10 Great reasons to use a Mortgage Broker

1. Get independent advice on your financial option As Independent Mortgage Brokers and Mortgage Associates, we're not tied to any one lender or range of products. Our goal is to help you successfully finance your home or property. We'll start by getting to know you and your homeownership goals. We'll make a recommendation, drawing from [...]

By | 2017-01-04T01:02:26+00:00 February 19th, 2013|Mortgage Tips|Comments Off on 10 Great reasons to use a Mortgage Broker

Tips for New Home Buyers

Once you've decided to buy a home, there are a few things you need to organize before you start the process. The more you have carefully considered what you want from your home and neighbourhood, and how much you are able to comfortably afford, the more quickly you will be able to decide which property [...]

By | 2017-01-04T01:02:26+00:00 February 19th, 2013|Home Tips|Comments Off on Tips for New Home Buyers