by Geoff | Aug 11, 2015 | Bank of Canada, Economy, Finances, Getting a Mortgage, Mortgage Broker, Uncategorized
When looking for a mortgage you have two choices, mortgage broker or bank. Ask yourself is a broker or bank going to give you the best possible rates. This should be a big deciding factor when making the decision whether to use a mortgage broker or bank. If you use...
by Geoff | Aug 4, 2015 | First Time Home Buyers, Getting a Mortgage, Mortgage Broker
A guarantor or co-signer is a person who agrees to repay a loan for another person if that person goes into default. Having a guarantor loan may be the only way for someone with bad credit, low income, not enough down payment, or questionable employment history to get...
by Geoff | Jul 30, 2015 | Economy, Finances, Mortgage Broker
There are many types of mortgage fraud. One of them is the use of straw borrowers, also known as a straw-man. The term straw-man originated in ancient Rome and is based on the theory that every person has two personas—one of them is as a real human being, and the...
by Geoff | Jul 29, 2015 | Mortgage Broker
During the past couple of years the term “collateral mortgage” has gained a bit of a negative reputation, especially since TV shows like CBC’s Marketplace have taken notice. Marketplace felt it was worth doing a segment about collateral mortgages because the lenders...
by Geoff | Jul 27, 2015 | Bank of Canada, Economy, Finances, Mortgage Broker, Rates
One of the biggest questions we receive is “What is better, variable or fixed interest rate?” The answer really depends on you! Here are some things to look at when considering a variable or a fixed rate: Risk – variable rates follow the Bank of Canada. When...
by Geoff | May 27, 2013 | Mortgage Broker, Uncategorized
Just a gentle reminder to all you homeowners….don’t forget to apply for your HOME OWNER GRANT…don’t assume that it applies itself. About The Home Owner Grant The purpose of the home owner grant is to help reduce the amount of residential...
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