We were so humbled to be the Winners of the 2017 Todd Skinner Young Entrepreneur(s) of the Year at the Business Achievement Awards by the...

When is the best time to connect with your Agent/Broker to talk about your mortgage? The correct answer is not x number of months before your mortgage renews or x number of months before you purchase a home. It is actually all the time in between. One of the huge benefits of having a relationship a Mortgage Agent/Broker is to be able to prepare for your mortgage transactions properly. When people tell you they NEED a mortgage broker or they NEED mortgage advice now it is

Many clients get confused about what a pre-approval is and what a rate hold is. Typically a pre-approval is a full evaluation of your entire situation and a bit of a garuntee that you can afford the home you are attempting to purchase. In contrast a rate hold is a promise from a lender to give you a specified interest rate offer should you purchase in the next 120 or 90 days (depending on the lender). Pre-Approval A pre-approval is basically an underwriting of all your do

We can offer 3 different options to offer you to finance a home renovation. 1. Purchase Plus Improvements When you purchase a home the lender will loan you the extra money to fund a renovation that improves the value of your home. The lender will require quotes and often a second appraisal to confirm that the renovations will improve the equity in the home. The extra money will come out of your mortgage and be held in trust until the renovation is completed. Then it will

Do you have the lender pay your property tax on your behalf while they are paying your mortgage? I know that this is way easier to have one less bill the think about arriving in the mail each month but have you ever considered if this is in your best interest? Truly, convience is the only benefit to having the lender to this for you. Here are a couple down sides that you need to be aware of: Build up of reserve in Tax Account Your mortgage lender is not in the business of

OSFI announced new mortgage rule changes this week that will be effective January 1, 2018. We have been asked every day since how this will actually effect our clients. Basically now the stress-test that was previously only applicable to high ratio (less than 20% down) mortgages will now be applicable to people with more than 20% down. The stress test requires us to prove that the client qualifies at the higher of either the bank of Canada’s 5-year posted mortgage rate (cu