TIPS AND GUIDES
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Why Use A Mortgage Broker Instead of a Bank for Your Next Mortgage?
When it comes to getting a mortgage, many people think that going straight to their bank is the best option. However, there is a better alternative that could save you time, money, and hassle: using a mortgage broker. In this article, we will explore the benefits...
The Life of a Deposit – From Realtor to Close
Buying a property can be overwhelming. Knowing who does what, where your money goes and all the ins and outs will provide you with some peace of mind when it comes to your deposit. Typically, when purchasing you are required to put a deposit down through your realtor....
How to get a Mortgage as a Realtor
If you are a realtor and you want to get a mortgage, you may have been told that you either cannot get a mortgage or that you may have to get a mortgage through a B lender or a Private lender. I am here to tell you that you have more options than just a Private or...
Five Things You Need to Know If Your Mortgage Renews in 2023
You could find yourself in sticker shock when you renew your home loan, with mortgage interest rates at or approaching 14 year highs. Understanding the process of renewing your mortgage and being prepared to pay higher interest rates in advance will make it easier for...
2 Best Tips for your Mortgage Renewal
Every year about 17% of Canadians renew their mortgage terms. The most popular term for Mortgage Renewal has always been the 5 year term, and although many people are unaware of this, there are shorter terms and of course with a shorter term your...
Current Interest Rates – As of June 2022
Current Interest Rates in Canada for Mortgages Interest Rates as of June 29, 2022 5 Year Fixed Rate Mortgages - insured or insurable are between 4.5%- 5.00% 5 Year Fixed Rate Mortgages -uninsurable are at 5.00% + Variable rate discounts are prime - 1% for...
Will your mortgage payment rise by 45%
Rates continue to be the hot topic - and another headline seems to have caused a lot of stir - The Bank of...
Should You Go Variable or Fixed Rate Mortgage?
Should I lock my variable rate or fixed rate mortgage? The age old question, one that can cause you sleepless nights. Today, I want to take a deep dive and cover a few things to provide better perspective. Understand what few people do... In order to answer this...
Bank of Canada Announcement June 1, 2022
On Wednesday June 1, 2022, The bank of Canada officially announced the increase to the overnight lending rate by 0.5%. This announcement was the world's worst kept secret for the last few weeks as Canada’s banks were anticipating this and will be increasing their...
Should You Lock in Your Mortgage?
Over the last
How to pay off your mortgage in 10 years in Canada?
How to pay off your mortgage off in 10 yearsThe average Canadian pays off their mortgage in 25 years. I'm happy to say most of our clients are well above average and pay off their mortgage in 10 years. You won't believe how simple we make it for you to be above...
What Do We Do
We help you get the right mortgage – but that’s not where our job ends. We specialize in portfolio building. We are definitely mortgage brokers, but we usually start with a plan in mind. The way we view it – is it is not just bout the one transaction, it is about...
Should You Pay off Your Mortgage
The next time you are at a cocktail party or family function and someone smugly tells you that they have paid off their mortgage – odds are they know little about personal finance and will likely limit their personal net worth as a result. After all, who really...
One Investment Property Away From Changing Your Life
It all comes down to you, and the choices that you make with the money that you do have. Risk is something that our parents, and the bank manager and the financial advisor talk about a lot. We need to understand risk, and we need to understand growth. These are the...
Financial Planning 101
When you are young, your planner will suggest a growth portfolio – because you are young, you can take a little bit more risk than most people. When you have kids and you start to approach middle age, your planner is going to suggest you move to a balanced portfolio,...