The Great Rate Debate: Fixed vs Variable Mortgages
What is best for you might not be what is best for someone else. So, you’re thinking of getting a mortgage and trying to decide between a fixed or variable rate? The fixed vs variable rate mortgage debate is a tale as old as they…
A Simple Guide to Understanding Mortgage Renewals in Canada
DO NOT JUST SIGN ON THE DOTTED LINE WHEN YOUR MORTGAGE RENEWS! When you mortgage comes up for renewal, your existing lender will most likely not offer their best terms upfront. They will send you a renewal letter in the mail, or sometimes call you…
Do you know how much you can afford?
Buying a house is an exciting and stressful time. On one hand, you are BUYING A HOUSE!! You will have a place that you can call your own, and a long term investment. Investing in your future is exciting! On the other hand, you probably…
Are Variable Rate Mortgages Really THAT Scary?
Are variable rate mortgages really that scary? This is a loaded question. I originally wrote this article back in 2019 and since then we have experience a massive change in the world – The COVID-19 Pandemic. While the mortgage and real state market has changed quite…
REALTORS: 3 things your mortgage lender should be doing for you
As a Real Estate agent, you deal with clients that have not been pre-approved for a mortgage. Some of you work with a Mortgage Broker, and some of you may work with a bank. This is obviously a great opportunity to refer your client to…
Minimum Down Payment When Buying a Home
What is the minimum down payment when buying a house in Canada? This is one of the most common questions I hear as a mortgage broker. Most people know that as a first-time homebuyer, you can put as low as 5% down on a home….
DO NOT make this mistake when applying for a mortgage!
I see it time and time again. A client comes in to get pre-approved, hears some great news (you can buy a house!), and then they make the ultimate mortgage mistake… From the time that they got pre-approved to the time that they made an…