Resources

The 10 year fixed product does not seem to be a popular one amount mortgagors. Over the years, 10 year fixed term rates have went up and down and sometimes can pay off and sometimes it does not. You have to be careful if you are choosing to go with a 10 year fixed. For example, 10 year fixed 12 month ago was at a very low 3.79%. Compared to today’s 3.39% 5 year, you could say it would pay off to have that rate for 10 years. This would pay off if rates were to significantly increase in the coming years, which is always a possibility. According to economists, this is exactly what is going to be happening with fixed rates. Variable rates will increase as well, but not as much as fixed are predicted to rise.
Read More

2014 may be in full swing but the housing market has yet to fully launch. Poor weather and Holidays have severely limited the amount of available housing inventory in GTA. WITH MANY BUYERS SITTING ON THE SIDELINE IN 2013, AND LOW INTEREST RATES, THESE NEXT FEW MONTHS COULD BE ONE OF THE MOST COMPETITIVE AND HOSTILE WE HAVE SEEN IN A FEW YEARS.

Get a leg up on your competitors and get your financing in order TODAY.

Contact me for a PRE APPROVAL and know your financial position BEFORE you begin your search.

THE SIMPLEST WAY TO WIN IN A COMPETITIVE MARKET IS TO KNOW YOUR NUMBERS AND SET YOUR LIMITS.

Please pass this and my contact info along to anybody you know thinking about buying a property. Referrals are ALWAYS welcome.

Using the equity in your property can help grow your wealth and save thousands of dollars in interest over the life of your mortgage.  At the end of the day, we all want to pay off our mortgages faster and if all goes to plan, maybe leave our home or properties to our kids without a mortgage balance owing (lucky for them).  What if there was a mortgage strategy in place that can help you build a real estate portfolio, pay off debts and still pay off your mortgage at a faster pace? By doing this you can potentially leave the property/properties to your child/ren free and clear?
Read More

What is Private Mortgage Financing?

Private Mortgage Financing can occur when the borrower has to obtain financing outside of the traditional lending sources, i.e. Banks, credit unions, trust companies. The private lenders can be individuals who are searching for a better return on their money or, companies specifically, designed for these purposes.   Private financing is not shady as the bad criticism it may receive.  It represents a large portion of the mortgage financing industry here in Canada and provides another option for Canadian borrowers.
Read More

There are two different types of mortgages for self-employed borrowers.  One is based on qualifier income (proof of income on paper) and the other is non-qualifier income (no proof of income on paper).  There are big differences in lender policy based on each type of borrowers.

Read More

New To Canada Mortgage

If you are a new immigrant to Canada, obtaining a mortgage has never being easier.  You can qualify for a standard mortgage of up to 95% of borrowing.  That is right, up to 95%!  This program is open for all new immigrants with permanent residency, temporary residency, or a work VISA.
Read More

A reverse mortgage is a very unique product in that it allows you to access the equity in your home without the monthly payments of a typical mortgage. This product is ideal for seniors to use the equity how they please for retirement.
Read More

If you can see that in the future, it is going to become harder for your to make your monthly mortgage payments, there are options to consider other than just accept defaulting on your mortgage and causing foreclosure.
Read More

Purchase Plus Improvements Mortgage

This mortgage product allows the purchaser of a primary or investment property to add immediate renovation costs onto the new mortgage.  The renovations must improve the value of the property such as new flooring, roof, windows, kitchen or bathrooms.
Read More

According to a recent survey conducted, almost half of Canadians that participated, feel they will still be in debt by the time of retirement (approximately age 65). This information coming from Manulife Financial, stating Canadians are worried they will still be in debt, including their mortgage by the time they hit the retirement age. In addition to this, over half of Canadians said they were disappointed with how they managed their money over the years and felt they could have saved and delegated better.
Read More