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Clancy’s Mortgage Solutions
  • Types of Mortgages
    • New to Canada Mortgage
    • Self-Employed Mortgages
    • Purchase Plus Mortgage
    • Refinance Mortgage
    • Construction Mortgages
    • Private Mortgage Financing
    • Commercial Mortgages
    • Reverse Mortgages
    • Mortgages over $1,000,000.00
  • Services
    • Why use a Mortgage Broker?
    • Residential Mortgages
    • Commercial Mortgages
    • Construction Mortgages
    • Life Insurance
    • For Realtors
  • Apply Now
  • Resources
    • Blogs
    • Tools
    • Toronto Mortgage Glossary
    • Rates
    • Mortgage Calculator
  • About Us
    • Testimonials
  • Contact Us
Mortgage Agent > Resources > Tips
By: Robert Clancy

Why use a mortgage broker ?

If you asked your bank representatives how are fixed and variable mortgage rates calculated and did not know how to answer your question, what would you think? If you asked your bank representative how they calculate their fixed rate mortgage penalties and they did not know, would you still want to work with them? Majority of people still do.

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By: Robert Clancy

The Flex Down Mortgage Product

Trying to save up a down payment to purchase a home?  No need.  The Flex Down mortgage allows you to borrow the down payment and closing costs?
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By: Robert Clancy

How to pay down your mortgage faster!

The main objective of any mortgage borrower is to pay down there mortgage as soon as possible.  Naturally coming up with the money to do this is not that easy.  Two ways to chip away at your mortgage is to take an accelerated payment frequency and take advantage of the automatic payment increase allowed on your mortgage by your mortgage lender.  Here is an example.
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By: Robert Clancy

Documentation required when applying for a mortgage

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By: Robert Clancy

What is a Conventional and High Ratio mortgage?

What is a conventional and high ratio mortgage?

A conventional mortgage is where the buyer provides a down payment of 20% of the purchase price. In other words the mortgage may not exceed 80% of loan to value. Mortgages that exceed this limit are called High ratio mortgages.
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By: Robert Clancy

Speak to your broker before signing that mortgage renewal !

Typical process for a renewal is you will receive a letter in the mail anywhere from 120 to 30 days prior to your maturity date. The bank will offer you a rate that may be lower than the posted rate but is typically much higher than the current market rate. Most of us will sign the renewal and send it back just to avoid the hassle of more paper work, but is that the best option for your bank account.
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By: Robert Clancy

How to pay down your mortgage faster!

The main objective of any mortgage borrower is to pay down there mortgage as soon as possible.  Naturally coming up with the money to do this is not that easy.  Two ways to chip away at your mortgage is to take an accelerated payment frequency and take advantage of the automatic payment increase allowed on your mortgage by your mortgage lender.  Here is an example.
Read More

By: Robert Clancy

Why Interest Rates are Low

Below is a great article I found posted on http://client.advisor.ca it talks about why today’s interest rates are low. Hope you enjoy the read.

Why are interest rates so low? Many would blame the government, says Ben Bernanke, distinguished fellow in residence with the Economic Studies Program at the Brookings Institution.
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By: Robert Clancy

Why Use A Mortgage Broker ?

If you asked your bank representatives how are fixed and variable mortgage rates calculated and did not know how to answer your question, what would you think? If you asked your bank representative how they calculate their fixed rate mortgage penalties and they did not know, would you still want to work with them? Majority of people still do.

Read More

By: Robert Clancy

What is a conventional and high ratio mortgage ?

What is a conventional and high ratio mortgage?

A conventional mortgage is where the buyer provides a down payment of 20% of the purchase price. In other words the mortgage may not exceed 80% of loan to value. Mortgages that exceed this limit are called High ratio mortgages.
Read More

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Today’s Interest Rates

In todays Mortgage Financing Market mortgage rates are changing constantly. Today mortgages rates are based on so many different variables, it is impossible for an adviser to give a true rate quote without actually reviewing the borrower’s application first.

Click Here to read more.

BANK RATESTERMOUR RATES
3.891-YEAR1.99
3.892-YEAR1.69
3.393-YEAR1.69
3.894-YEAR1.74
5.345-YEAR1.99
6.007-YEAR3.95
6.1010-YEAR3.95
5.34Variable (3yr-closed)3.2
5.34Variable (5yr-closed)1.8
5.34Variable(Open)2.95
WHY USE A MORTGAGE BROKER?
https://www.youtube.com/watch?list=PL3M4lKT4ssGRFn7YrLMzqhQI86kSXERNx&v=WE_EgwFRils
Clancy’s Mortgage Solutions

I am a Mortgage Agent for one of the most successful mortgages companies in Canada.

Guaranteed lowest mortgage rates

Guaranteed lowest mortgage rates, call  (416) 899-1467 or email robert@SafebridgeFinancial.com

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