TD Canada Trust Announces Mortgage Changes
As of the beginning of this week TD Canada Trust has started registering all of their mortgages as Collateral mortgages. TD went to considerable effort last week to advertise this change in the news last week and ...
Mortgage Flexibility is Key….it’s not all about a low rate!
After posting my last blog talking about there being more to a mortgage than just a low mortgage rate, I came across a survey conducted by TD Bank that I thought helped make my point. ...
5 Year Fixed Mortgage – Is it right for you?
Maybe...maybe not. As a mortgage broker the question I hate the most in the world is "What is your best rate?". I certainly don't have a problem answering people's questions, but really the only answer to that question ...
Condo Zoning Surprises
So your offer was just accepted on your new condo or loft. You are in the middle of getting your financing when you get a call from your Mortgage Broker saying there is a problem. what could it be? ...
Mortgage Qualifying Rates Explained
So you are looking for the best mortgage rate possible as well as how much you can afford. You are still undecided between the fixed and variable rate. Your mortgage broker tells you how much of a mortgage you ...
So you want to buy a rental property?
The benefits of using an experienced mortgage broker become more obvious in certain financing situations.....poor credit, new to Canada...self employed.....and finally, buying a rental property. How much of a down payment do I need? How much of ...
Mortgage Renewal – Don’t Accept Bank’s First Offer
I have been a loyal mortgage client with my bank for the past 5 years....they would only offer me there best rate upon renewal right? WRONG....Many Canadians believe their loyalty will translate in to preferential rates ...
Two Mortgage No-No’s
So you have your mortgage pre-approval or approval and you think you have a guarantee from the bank for your financing....Wrong! Most people do not realize nothing is guaranteed when it comes to mortgages and the piece of paper ...
What is a Home Appraisal?
Why Do I Need a Home Appraisal? Depending on your mortgage lender and how much money you are putting down, the lender may or may not require an appraisal on the property. First, let's talk about what a ...
Mortgage Documents – What you need to provide
So you have bought your first house and now you need a mortgage. You find a qualified Mortgage Broker in your area and he gets you a great rate......what's next? Well, the lenders are going to require proof that ...
