Collateral vs. Conventional Mortgage
There are two types of mortgage charges: • A standard charge is where the amount of mortgage money you are requesting is secured to the...
Contract vs. Discounted Interest Rate
While every mortgage has a contract rate some lenders record this differently in their paperwork. You may have a contract rate or you...
Ontario's Top 10 Cities for Real Estate Investment
The latest report released by the Real Estate Investment Network (REIN) looked at 36 economic and market factors. The report identifies...
Why do buyers buy?
So, what is the top motivator for people who plan to buy a home? Survey says! They want to stop renting. 65% of first time buyers and...
Why Do People Break A Mortgage?
Current statistics indicate that over 60% of Canadians break their mortgage earlier than a 5 year term, the average is at 36 months. The...
What is hiding in your fine print?
I would like to caution you to beware of is lender fees and asset transfer clauses. Some lenders offer fantastic, too good to be true...
Exit Costs of a Mortgage
The top reasons people break their mortgage are divorce, sell their home, interest rates have dropped, they need to pull equity out of...
Portable vs. Assumable
Having a mortgage that is able to be transferred to another property (portable) or another person (assumable) allows you some flexibility...
How to save money by Refinancing your home.
Moving homes can be expensive, in fact it is more costly than ever, and there logistics to consider. For those that actually like, or at least don’t mind their neighbours, or they live in a great school district … there are for many reasons that people before embarking on an expensive move. We believe in a client-first approach, and providing the expertise and insight that clients need for all their mortgage needs to assist people in making smart decisions with their money a
Bridge Financing Explained
A bridge loan or bridge financing can be available for clients as a way to “bridge” the gap between 2 mortgages when your closing dates are not the same when you buy and sell. You may be taking possession of your new home a week or two in advance of closing on your current home, either because of how your closing dates worked out, or because you want to do some renovating on your new home before you move in. Whatever the reason, bridge financing is going to be your best frie
