Reason #4. Expertise. Getting your financing approved to its fullest potential. Many people leave their bank branch meeting feeling disappointed that they have been declined, or that they are not approved for the financing amount they would like, or that they believe they can reasonably afford. As of lately, the recent waves of government mortgage […]

Reason #3. Availability. We don’t keep “banker’s hours”. We are always only a phone call or an email away for our clients and business partners. You won’t be left in the dark during your financing process, we always keep you updated. Whether you are getting pre-approved for your first purchase, under a timeline to get […]

Reason #2. Trust. We work for you. A trusted mortgage advisor serves to represent you in your negotiations with the mortgage lender, or multiple mortgage lenders. An employee at a lending institution is always going to be working in the best interest of that institution, which is not necessarily your best interest. Sometimes cross-selling incentives […]

Reason #1. Unbiased Advice Mortgage Brokers are industry professionals that provide free, independent financial advice. It doesn’t cost you a cent to call us for professional advice or a second opinion. In most cases, purchasing a home is the largest investment you will make, and it is critical that you understand the details of the […]

  Unbiased Advice. Mortgage Brokers are industry professionals that provide free, independent financial advice. It doesn’t cost you a dime to call us for professional advice or a second opinion. Trust. We work for you. We are paid on commission, only when you are satisfied with our product offering and the deal is done. Availability. […]

Turn the HOUSE you LIKE into the HOME you will LOVE. Government restrictions on refinance guidelines have reduced the equity homeowners can access for renovations. High ratio buyers especially, in a flat market, may wait years before the house has appreciated enough that an 80% LTV refinance provides any money. If home buyers want to […]

What Mortgage Insurance Means for You Mortgage insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending on the insurer. There are three mortgage insurers-Canada Mortgage and Housing (CMHC-public), Genworth (GE-private) and Canada Guaranty (CG-private). A […]

   Written by: Debra Carlson A variable interest rate loan is a loan in which the interest rate charged on the outstanding balance varies as market interest rates change. As a result, your payments will vary as well (as long as your payments are blended with principal and interest). Fixed interest rate loans are loans in which the interest rate charged on […]

The Bank of Canada has increased the qualifying benchmark rate for mortgages to 5.34% effective immediately.  This is not the actual rate borrowers are offered but the rate used to qualify high ratio mortgages and other mortgages when the contract rate plus two per cent is not used. In most cases, this means, at maximum […]