Lower Your Mortgage Payment

Mortgage Payment

๐Œ๐”๐’๐“-๐‘๐„๐€๐ƒ ๐ข๐Ÿ ๐ฒ๐จ๐ฎ๐ซ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ซ๐š๐ญ๐ž ๐ข๐ฌ ๐ก๐ข๐ ๐ก๐ž๐ซ ๐ญ๐ก๐š๐ง ๐Ÿ‘%. What if breaking your current mortgage will save you money (๐˜ข ๐˜ญ๐˜ฐ๐˜ต ๐˜ฐ๐˜ง ๐˜ฎ๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ)? Even when you include the pre-payment penalty. When interest rates fall, breaking your existing mortgage and renegotiating a new one at a lower interest rate can save you thousands of dollars. ๐‡๐ž๐ซ๐ž’๐ฌ […]

If Mortgages Were Cars

If Mortgages Were Cars

If mortgages were cars… …imagine you were shopping for a new car, instead of a new mortgage. The shiny Caymans are at the Porsche dealership. All the new Mustangs parked at the Ford dealership (consider these the banks!) You’re excited to buy a shinyย newย ride. So you drive around to different dealerships to see what they […]

No-Frills Mortgage Products

No-Frills Mortgages

No-Frills mortgage products typically offer a lower interest rate when compared to full-feature mortgage products. The lower rate is really the only perk. Here’re some drawbacks to a no-frills mortgage product. Potential Lack of Portability No-Frills products may not let you take your mortgage with you if you purchase another property before your mortgage term […]

GDS and TDS Calculations

Total Debt Service

Learn how mortgage lenders calculate your debt service ratios, GDS and TDS. You need to know these two basic calculations so you can crunch the numbers to find out what your budget and affordability is. Gross Debt Service (GDS) Lending guidelines allow you to use up to 32% of your gross monthly income towards housing […]

Pre-Qualified vs Pre-approved for a Mortgage

Pre-qualification vs Pre-approved for a Mortgage

Looking to get pre-qualified for a mortgage? Or wait, should you get pre-approved instead? If you’re like most people, you find the two terms confusing. Not knowing the difference between being pre-qualified and pre-approved could cost you your new home! Here is the difference A mortgageย pre-qualificationย allows a buyer to get an idea of what they […]

What is Title Insurance?

First Canadian Title

Title insurance protects you, the homeowner, against losses associated with title fraud and a variety of other property issues. Title insurance is unlike traditional insurance โ€” it does not just cover things that may happen in the future (e.g. title fraud), but also, property defects that have already occurred in the past, before purchasing your […]

Mortgage Myth Busters

Mortgage Myth Busters

Buying a home is an important decision. I’m here to provide guidance and knowledge to help you plan for a secure financial future through homeownership. With that in mind, here are a few myths about mortgages that are important to understand. Mortgage Myth #1… My bank will give me the best mortgage rate Banks profit […]

Mortgage Brokers Offer Choice

Mortgage Brokers Offer Choices

The next time youโ€™re looking for a mortgage for that new house or youโ€™re up for renewal on your existing mortgage, think about using a mortgage broker. Their services are free and they offer you an abundance of choices the banks simply canโ€™t compete with. Mortgage brokers have access to a vast array of lenders […]

Looking Beyond Mortgage Rates

Looking Beyond Mortgage Rates

Itโ€™s easy to get caught up in the idea that comparing mortgage rates will guarantee you the best bang for your mortgage buck. While this may be true for particular situations, there are many scenarios where this strategy is not practical. Here are three reasons why it doesnโ€™t always pay to make a decision based […]

Buying a Starter Home

Buy a home that fits within your budget and is a goodย starter home.

Your dream home isn’t always within reach when it comes to buying a house for the first time. This can lead many first-time home buyers wanting to wait and hold off for another year before going forward and making an offer on a place. But will you be chasing a dream forever? Should you wait […]