Home Purchase Loans

There are a surprising amount of Toronto residents who are feeling the pain of the 2017 spring market frenzy. Those who feel they overpaid for a property are looking for options when their home appraises for less. Here is how to renegotiate your agreement and save your new home. Toronto Buyer Looking To Renegotiate To
The month of July saw more increases in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has remained steady at 4.64%. The prime lending rate increased for the first time since September 2010 – this will eventually increase interest rates on variable mortgages and home equity lines of credit. Here is what
It may come as a surprise if you are in the middle of a five year fixed mortgage term. The surprise is that the mortgage industry in Canada has changed. Fundamentally, from the top down and this affects so very many of us in ways we won’t see until we go to make a change
I get a lot of phone calls these days. They go something like this: “What is your best interest rate for a five year fixed mortgage?” Sounds like a valid question. And yet there is so much more than meets the eye. Although the interest rate you secure for your mortgage is important – I
The month of December saw more ultra lows in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has remained steady at 4.64%. The prime lending rate is still holding steady – this will keep interest rates low on variable mortgages and home equity lines of credit. Here is what you need to
Are you a Brampton resident who is paying your landlord’s mortgage? Have a good job and decent credit but no down payment saved up? Well here is a lesser known strategy to have you in your new home in 100 days or less! Buying A Home In Brampton Without A Down Payment The Canadian housing
The month of October saw more ultra lows in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has remained steady at 4.64%. The prime lending rate is still holding steady – this will keep interest rates low on variable mortgages and home equity lines of credit. Here is what you need to
The month of May saw more ultra lows in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has remained steady at 4.64%. The prime lending rate dropped in January for the first time in five years – this will lower interest rates on variable mortgages and home equity lines of credit. Here
Woah! That’s what a surprising amount of Barrie residents are saying when they hear from the bank that the mortgage for their home purchase is in jeopardy! Another common scenario is when you applied for a loan and get the decline – total shock! You were always able to get it in the past. What
So you have been turned down from the bank for your mortgage. Ouch! And what is worse is you don’t even know why. For a surprising amount of Canadians it comes down to the new mortgage rules. Government restrictions are preventing you from getting your home. This is a problem but not one we can’t
The month of April saw more ultra lows in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has dropped once more. The prime lending rate dropped in January for the first time in five years – this will lower interest rates on variable mortgages and home equity lines of credit. Here is
The month of March saw more ultra lows in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has remained steady. The prime lending rate dropped in January for the first time in five years – this will positively affect interest rates on variable mortgages and home equity lines of credit. Here is
The month of Febuary saw more ultra lows in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has dropped slightly. The prime lending rate dropped in January for the first time in five years – this will positively affect interest rates on variable mortgages and home equity lines of credit. Here is
The month of January saw more ultra lows in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has not changed. The prime lending rate dropped for the first time in five years – this will positively affect interest rates on variable mortgages and home equity lines of credit. Here is what you
The month of December saw more ultra lows in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has not changed. The prime lending rate remains constant as well – keeping interest rates on variable mortgages and home equity lines of credit unchanged. Here is what you need to know for your best
The month of November saw more ultra lows in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has not changed. The prime lending rate remains constant as well – keeping interest rates on variable mortgages and home equity lines of credit unchanged. Here is what you need to know for your best
So you just finished flipping through that dream home magazine at the doctors office. The idea of refreshing your kitchen or bathroom is exciting however who has an extra 15-30K to make the dream a reality? Recent statistics have shown that Canadians have been conservative in paying down their mortgages and are more and more
The month of October saw more ultra lows in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has not changed. The prime lending rate remains constant as well – keeping interest rates on variable mortgages and home equity lines of credit unchanged. Here is what you need to know for your best
We’ve all had those days! More month than money – a surprise expense that was unplanned for – or how about this one: you put all your hope in getting approved for your mortgage but for reasons from A – Z the bank has declined you! Well the tough part of life isn’t going away
So you want to buy a home but your credit hasn’t been a priority over the last few years. You’ve been to your bank and left with a feeling of rejection. You need to get a quick crash course in credit rebuilding and here is where you will find it. Come on let’s go! Credit
The month of August saw more decreases in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has not changed. The prime lending rate remains constant as well – keeping interest rates on variable mortgages and home equity lines of credit unchanged. Here is what you need to know for your best September
Now a great story always consists of a character we can identify with – a villain or overwhelming problem – and a climactic victory over the bad guy or resolution to said problem. It is no different in the day to day world of Barrie residents. I meet hundreds of families who through often no
The month of July saw more decreases in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has not changed. The prime lending rate remains constant as well – keeping interest rates on variable mortgages and home equity lines of credit unchanged. Here is what you need to know for your best August
The month of June saw more decreases in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has not changed. The prime lending rate remains constant as well – keeping interest rates on variable mortgages and home equity lines of credit unchanged. Here is what you need to know for your best July
The month of May saw more decreases in fixed interest mortgage rates while the Bank of Canada’s qualifying rate has also decreased once more. The prime lending rate is unchanged – keeping interest rates on variable mortgages and home equity lines of credit unchanged. Here is what you need to know for your best June
The month of April saw a more decreases in fixed interest mortgage rates while the Bank of Canada’s qualifying rate is holding steady. The prime lending rate is also unchanged – keeping interest rates on variable mortgages and home equity lines of credit unchanged. Here is what you need to know for your best May
The month of March saw a more decreases in fixed interest mortgage rates while the Bank of Canada’s qualifying rate dropped a quarter of a point. The prime lending rate is holding – keeping interest rates on variable mortgages and home equity lines of credit unchanged. Here is what you need to know for your
It’s a different day than the one our parents grew up in. Back then their loan or mortgage was provided based on a good job and the relationship with their local bank. Not any more. Today we are subject to a process where our use of credit is weighed in quite heavily toward the interest
The month of February saw a slight decrease in fixed interest mortgage rates while the Bank of Canada’s qualifying rate held unchanged. The prime lending rate is holding – keeping interest rates on variable mortgages and home equity lines of credit unchanged. Here is what you need to know for your best March mortgage today:
We all want to be experts when it comes to striking out into that dusty area of our office and renegotiating the mortgage contract. The truth is there is so much to know! Even as a full time professional in the industry 24/7 – I am always working hard in keeping up with the pace
The month of December saw a slight increase with fixed interest mortgage rates while the Bank of Canada’s qualifying rate has remained the same. The prime lending rate is holding keeping interest rates on variable mortgages and home equity lines of credit unchanged. Here is what you need to know for your best January mortgage
The world of mortgages has never been more complicated as it is today. New rules, collateral charges, and information overload via the internet has made things ever more difficult for the layman. As much as the age of access to information has empowered us to a new level – there has also never been more
The month of November saw a holding pattern of fixed interest mortgage rates while the Bank of Canada’s qualifying rate has remained the same. The prime lending rate is holding keeping interest rates on variable and home equity lines of credit unchanged. Here is what you need to know for your best December mortgage today:
The month of October saw a pause in the upward momentum of fixed interest mortgage rates while the Bank of Canada’s qualifying rate has remained the same. The prime lending rate is holding keeping interest rates on variable and home equity lines of credit unchanged. Here is what you need to know for your best
The month of September saw pressure build in the bond market which has resulted in fixed mortgage rates moving higher. More recently the US Federal Government shutdown causing the trend to reverse for the short term. Meanwhile the Bank of Canada’s qualifying rate has remained steady. The prime lending rate is also holding keeping interest
The resale housing market has a lot of choice to offer. Yet a growing segment of the Canadian population is turning to fulfilling a long held dream of building their own personal piece of paradise. “John and Sally” were just those people and here is how they navigated the process of self build construction. Location
The month of August saw pressure build in the bond market which has resulted in fixed mortgage rates moving higher while the Bank of Canada’s qualifying rate has increased. The prime lending rate is holding keeping interest rates on variable and home equity lines of credit unchanged. Here is what you need to know for
The month of July had a spike in yields in the bond market which sent fixed mortgage rates higher while another hold in the Bank of Canada’s overnight lending rate was announced keeping variable and home equity lines of credit unchanged. Here is what you need to know for your best August mortgage today: Bank
So you want to buy a home but your credit hasn’t been a priority over the last few years. You’ve been to your bank and left with a feeling of rejection. You need to get a quick crash course in credit rebuilding and here is where you will find it. Come on! Credit Missing In
You are searching for the best darn – lowest rate mortgage available and don’t care if you have to get every bank to beat each other to death with a club to achieve it. Good – that’s right good. Welcome to the minority of Canadian mortgage holders who actually force the banks to compete for
The month of June has revealed a holding pattern in the Bank of Canada’s overnight lending rate and pressure in the bond market has already caused fixed mortgage interest rates to spike upwards. Here is what you need to know for your best July mortgage today: Bank Of Canada Rates Qualifying Rate: 5.14%                 Prime Rate:
So you have decided that you want to purchase a property for investment purposes. That’s great! And on top of this you want to find a great deal on a property that has a distressed seller or a run down and/or outdated home. Even better! Buying your first rental property can be challenging enough on
I get a lot of phone calls these days. They go something like this: “What is your best interest rate for a five year fixed mortgage?” Sounds like a valid question. And yet there is so much more than meets the eye. Although the interest rate you secure for your mortgage is important – I
Ever wanted to go behind the scenes and find out how the banks and other lenders – even mortgage brokers – are treating your credit situation? Want to find out what they think and are saying about you when you have left their office? Well I know and am ready to tell all (YOU ARE
The month of May has shown a holding pattern in the Bank of Canada’s overnight lending rate and pressure in the bond market is looking to send fixed mortgage interest rates up. Here is what you need to know for your best June mortgage today: Bank Of Canada Rates Qualifying Rate: 5.14%                 Prime Rate: 3.00%
There are many strong reasons to be investing in real estate today. Property values in many regional markets are still growing – Canada has a healthy immigrant population that needs and will need a place to live – and of course my favorite – mortgage interest rates are still sitting at historical lows. But for
The past month has yielded some excellent results for borrowers in continued historic low interest rates as well as strong competition in the mortgage marketplace. I will provide you with a breakdown of what is affecting rates and more info on some of the best mortgage products available today. Bank Of Canada Lending Rates First
Buying a house can be an overwhelming proposition. Yet the idea is a universal dream and one the majority of Canadians want to accomplish. But the question remains to be answered – How much house can I afford? This is not one to be answered by the bank’s mortgage calculator for reasons that are obvious.
Well despite the frosty start to April and a supposed spring – there is no doubt that things in the mortgage industry have thawed quite nicely. In fact – I would go on to say that we are now entering another spring market where fierce competition with mortgage interest rates or the coined “Rate Wars”
We all want to pay off our mortgage early. Like today if possible. Well I will tell you from extensive experience that the bank’s mortgage payment calculator is not going to get you there earlier like they are advertising. Why you may ask? Because they have a good reason to keep you inside the mortgage
Over the history of this fine planet we inhabit – only a few species have survived the cataclysmic events of the times. Cockroaches – Crocodiles – and Turtles are some of the hardy ones. I have heard some fine vernacular for my associates at the bank over my career and although cockroaches has been used
Ah the life of a successful self employed business owner – lower taxes, setting your own hours, unlimited income potential. But then you apply for a mortgage and BAM! Declined at your bank. Ouch. All the things that work to your favour are against you when you try to qualify for a debt like your
There are a few things we Canadians will not do without like our hockey, maple syrup, and a 5 year fixed mortgage? That’s right. Believe it or not, this mortgage product is as Canadian as they come. There is no doubt as 4 out of 5 new mortgages in 2012 were fixed rate and the
They say that in the information age that knowledge is power. But even in the information age having access to unlimited information including mortgage calculators can make things more confusing than less. The way the bank’s mortgage calculator is set up can mislead and even provide bad mortgage advice if left in the hands of

How Much House Can I Afford in Brampton?

Buying a house can be an overwhelming proposition. Yet the idea is a universal dream and one the majority of Canadians want to accomplish. But the question remains to be answered – How much house can I afford? This is not one to be answered by the bank’s mortgage calculator for reasons that are obvious.
When was the last time you heard some good news about your RSPs? It has been a long time and with the state of the global economy the way it is – I wouldn’t hold my breath on things getting better any time soon. So what can we do? Here is a less known but
Sometimes you just have to get back to basics. With all the noise in the media and seemingly constant and significant changes to the mortgage industry in Canada, it is easy to forget what is and is not possible these days. I am going to keep it simple here and cover off what you still
They say that in the information age that knowledge is power. But even in the information age having access to unlimited information including mortgage calculators can make things more confusing than less. The way the bank’s mortgage calculator is set up can mislead and even provide bad mortgage advice if left in the hands of
Never has there been a better time to invest in Real Estate! Don’t wait to buy…buy and wait! We have been bombarded from every angle on the sales pitch of investing in Real Estate. Yet we can’t negate the fact that those who have large net worth and healthy bottom lines are all invested in
Well it is official. As of November 1st, 2012 the new mortgage rules outlined in July will come into affect for all Federally Regulated financial institutions. This includes the chartered banks and the major trust companies. Although a great piece of literature to help the most chronic insomniac sleep like a log, it is critically
So you believed that with the uncertainty in the economy plus the changes to mortgage rules that you would not be able to purchase a home? Think again! I am so proud to announce that the Simcoe County Homeownership Program has made it possible for renters who thought they were out of the home market

First Time Homebuyer in Barrie

Many Barrie residents eagerly await the day when they pick up the keys to that pillar of a high quality Canadian life…their First Home! The home buying process can be complicated without the expert advice made available through your team of professionals including your Mortgage Broker. Here is what you need to know now! Home
Most Canadians are concerned about their mortgage for long enough to get the documents signed at their bank. After this, the annual statement comes in the mail and the mortgage goes to the back burner of their lives. We make our payments on time and think little else of the largest debt most of us
When you shop around for your mortgage, what comes to mind in the preferred features most Canadians desire? Best interest rates, flexible repayment terms, and low payments are at the top of the pile. However the mortgage market has changed dramatically over the last few years with the introduction of the banks using the collateral
Most Canadians at some point in their lives require a mortgage. But who will you turn to for help? There are many potential pitfalls of making this decision without researching your options. The seemingly logical choice of using the local bank where you do day to day business for your mortgage loan is not necessarily