by Geoff | Mar 14, 2022 | Bank of Canada, CMHC, Credit Score, DLC, First Time Home Buyers, Getting a Mortgage, House Hunting, Mortgage Broker, Mortgage Insurance, mortgage trends, Rates, Real Estate, Reverse Mortgages
Mortgaging a Property via Assignment Mortgaging a property via assignment is a contract provision included in some real estate transactions that allow the buyer to resell or transfer a property to another buyer before the deal’s closing date. As one of...
by Geoff | Mar 6, 2022 | Bank of Canada, CMHC, DLC, First Time Home Buyers, Getting a Mortgage, homeowners, Homeowners Grant, House Hunting, mortgage trends, Rates, Real Estate, Refinancing, Reverse Mortgages
Bridge Financing Bridge Financing, also commonly referred to as a “Bridge Loan”, is a way to help literally bridge the gap between closing on your current house and your new place. This product allows you to carry the mortgage on two properties for a specified...
by Geoff | Feb 27, 2022 | Bank of Canada, CMHC, DLC, First Time Home Buyers, Getting a Mortgage, Mortgage Broker, Mortgage Insurance, Rates, Refinancing, Reverse Mortgages, Strategy, Uncategorized
Our Discovery Call A Discovery Call is our first touchpoint with your client. We make a quick 5–10-minute phone call to simply connect with the client and gather some basic information regarding a mortgage pre-approval. After we ask the client all necessary...
by Aidan | Feb 23, 2022 | Bank of Canada
At the end of January, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.50% and the deposit rate at 0.25%. This means that the Bank of Canada rate stayed the same, which means variable rates will...
by Geoff | Feb 14, 2022 | Bank of Canada, CMHC, Credit Score, DLC, Economy, First Time Home Buyers, Getting a Mortgage, House Hunting, Mortgage Broker, Mortgage Insurance, Rates, Real Estate Investing, Refinancing
How Mortgage Rates Work The topic of how Mortgage Rates work is a long, complicated series of moving puzzle pieces that work together perfectly. Today we are going to break it down as best we can. During the process of taking out your first mortgage, you will learn...
by Geoff | Feb 8, 2022 | Bank of Canada, CMHC, DLC, First Time Home Buyers, Getting a Mortgage, Mortgage Broker, Mortgage Insurance, mortgage trends, Rates
Pre-Approval VS Rate Hold Pre-Approval VS Rate Hold… what are the differences? What are the benefits? Not even one Mortgage or Pre-Approval Process is the exact same as someone else’s. The Mortgage and Pre-Approval process are complex mazes of tiny puzzle pieces...
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