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...
by Geoff | Dec 23, 2021 | CMHC, DLC, Finances, First Time Home Buyers, Getting a Mortgage, homeowners, Homeowners Grant, House Hunting, Mortgage Broker, Refinancing, Reverse Mortgages
Increasing Your Purchase Power Most individuals that we connect with to discuss a Mortgage Pre-Approval also want to know how we can go about Increasing Your Purchase Power. More often than not, those individuals could afford to make mortgage payments. Usually,...
by Geoff | Dec 17, 2021 | Bank of Canada, CMHC, DLC, Getting a Mortgage, mortgage trends, Refinancing
Personalities of Your Mortgage Personalities of Your Mortgage Asking the right questions and understanding the Personalities of Your Mortgage is an important part of the mortgage process as it will allow you to understand which mortgage product is right for you! An...
by Geoff | Jun 19, 2018 | DLC, Getting a Mortgage, Home Renovations, Refinancing
HELOC, Refinance or Second/Third Mortgages? Which one should you choose to go with? If you have decided to tap into the equity in your home, the three can seem to be interchangeable at times and for many consumers can be a difficult decision on which one to select. We...
by Geoff | Apr 17, 2018 | DLC, Getting a Mortgage
Do you have a mortgage? So, do I! Looks like we have something in common :). Did you know that 6 out of 10 consumers break their mortgage 38 months into a 5-year term? That means that 60% of consumers break a 5-year term mortgage well before it’s due…but do you also...
by Geoff | Nov 4, 2016 | DLC, Finances, First Time Home Buyers, Getting a Mortgage, mortgage trends, Rates, Refinancing
What is the maximum mortgage amount one now qualifies for with the rules that came into effect on October 17th? Short answer: LESS. A minimum of 20% less, in fact. Before October 17th, the lenders calculated the maximum mortgage amount based on the contract rate of...
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