Today we’re talking a bit more about Fixed Rate Mortgages. This can be a great option for people who are nervous about interest rate fluctuation and need the stability of a fixed rate! There are pros and cons to both fixed and variable rates, it just comes down to what will work best for you […]
Today I’m pulling back the curtain on the most common question we get – how much do I qualify for? Here is how we determine the mortgage amount you could qualify for. Although there are many more factors involved, this is the foundation of where we begin! If you have questions about how much your […]
The Government of Canada announced that beginning this Spring, changes were coming to the First-Time Home Buyer Incentive Program for qualifying buyers in three of Canada’s most expensive housing markets. What is the First-Time Home Buyer Incentive Program? The First-Time Home Buyer Incentive is a program that aims to help make homeownership affordable for qualified […]
A lot of clients tend to shy away from variable rate mortgages because the potential of their interest rate fluctuating can seem scary at first. But there’s a lot you may not know about variable rates, how they work, and how much interest they could potentially save you. Here’s what you need to know about […]
My teenage daughter just got her first credit card and had a few questions about her monthly statement and the interest owing. It got me thinking, if she has these questions, than a lot of you might be wondering the same thing! So let’s break it down. Balances, interest, and minimum payments… what do they […]
As we reach the one year anniversary of the beginning of 2020’s series of COVID lockdowns, I just wanted to take a moment to reflect on all that the last year has taught us. Where are you now compared to where you were a year ago? Have you checked in on your goals recently? What […]
Happy 1st day of March! With (hopefully) warmer weather on the way, we tend to start shifting our mindset towards the summer and our future holiday plans. Now is also a great time to start thinking about cottages! Perhaps you’ve enjoyed renting cottages in the past, or you’ve always dreamed of a family cottage to […]
In Canada, we can provide mortgage financing to qualified homebuyers with down payments as low as 5% down. With less than 20% down, the mortgage is now insured against default. Mortgage default insurance can help buyers purchase a home and begin building equity sooner, compared to renting – where you gain no equity and increase […]
“What is the difference between getting a mortgage through a bank or working with a mortgage broker? And how do I know which choice is the right one for me?” I hear this question a lot and I wanted to take some time to provide some clarity about what my role as Your Mortgage Broker […]
Once you begin the mortgage pre-approval process, I will discourage you from applying for new credit cards, taking out additional loans, or financing large purchases – including those “buy now don’t pay for 2 years” offers as they all make an impact on your overall application qualification and/or your credit score. What may seem like […]
