by Geoff | Dec 1, 2021 | Getting a Mortgage
a href=”https://geoffleemortgage.com/wp-content/uploads/2021/12/Private-Lending-Blog-Image.jpg”> Private Lending Mortgages Private Lending Mortgages or Alternate financing, although usually a more expensive option, can facilitate all kinds of client...
by Geoff | Jul 30, 2020 | Mortgage Broker
For many, buying a home is a very exciting time! You are beginning to plan out the next chapter (or the next big step) in your future! It can also be a time though where your time is in short supply and perhaps you don’t have time to go from one lender to the...
by Geoff | Feb 22, 2019 | Mortgage Broker, Strategy
Transfer/Switches are when you opt to transfer your mortgage to a new lender in order to take advantage of a lower rate. A transfer/switch does not include additional money to the existing mortgage balance owing, your mortgage amount will remain the same, however,...
by Geoff | Oct 4, 2018 | Getting a Mortgage, Mortgage Broker, Rates
25-year amortization or 30 years? Insured or Uninsured? With an A Lender or B Lender? These are just a few of the questions people have to decide on when they are pursuing a mortgage. But the biggest question of all: Fixed Rate or Variable Rate? With the...
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 | Jan 9, 2018 | Mortgage Broker, Rates, Refinancing
Ask any mortgage broker and they can tell you that there are a handful of misconceptions that the public has about working with a mortgage broker. From questioning their credentials (we all are regulated and licensed within our own province, and are constantly...
by Geoff | Dec 1, 2017 | Getting a Mortgage, Market Updates, mortgage trends, Refinancing
As many of you may remember, this past October the Office of the Superintendent of Financial Institutions (OSFI) issued a revision to Guideline B-20 . The changes will go into effect on January 1, 2018 but lenders are expecting to roll this rules out to their...
by Geoff | Oct 18, 2017 | Market Updates, Mortgage Insurance, mortgage trends
On October 17, 2017, OSFI (Office of the Superintendent of Financial Institutions) announced that effective January 1, 2018 the new Residential Mortgage Underwriting Practices and Procedures (Guidelines B-20) will be applied to all Federally Regulated Lenders. Note...
by Geoff | Oct 13, 2017 | Getting a Mortgage, Mortgage Broker, Rates
A mortgage in its simplest form is a contract. It has terms, conditions, rights and obligations for you and the lender. When you sign on the dotted line, you are agreeing to those terms for the length of time laid out in the contract. However, sometimes life throws us...
by Geoff | Nov 10, 2016 | Getting a Mortgage
When purchasing a property, it can be an overwhelming experience. Especially with the current real estate market when you need to make fast decisions and you need to get your questions answered quickly. Many think that their only option is talking to their bank where...
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