Mortgage Broker vs. Bank Mortgage Specialist

Ever wonder about the difference between Mortgage Brokers and Bank Mortgage Specialists?...Being informed could save you thousands of dollars!

Mortgage Renewal Time - An Opportunity To Save!

Many Canadians renew their mortgages like they renew their subscription to Time or Sports Illustrated.  A couple of months before the renewal date the notice comes in the mail, you sign on the dotted line and your set for the next 5 years, no hassles, no worries... Approximately 70% of the homeowners sign the forms without even checking the terms and conditions of the loans...But at what cost?

No-Down Payment Mortgages

If the only thing keeping you from buying your own home is the inability to save for a down payment, then a Cash Back Mortgage can make the dream of owning your own home a reality. 

What is a cash back mortgage?
 

Using The Equity In Your Home To Save On Financing Costs

Looking to finance a large purchase in the near future?  With mortgage interest rates still near their all time lows, a home equity loan can provide a cost-effective way to lowering your borrowing costs.
 

Choosing Between Fixed and Variable Rate Mortgages

Finding comfort and peace of mind can go a long way in making the right choice.

With interest rates starting to creep up from their historic lows, many Canadians are starting to ask the question, “Should I lock into a fixed rate mortgage or go with a variable rate”? 
 

Mortgage Brokers Catching On With Canadians

A recent study done by the Canadian Mortgage and Housing Corporation found that more Canadians are taking advantage of the mortgage financing services provided by mortgage brokers or agents.  While back in 1998 less than 10% of all residential mortgages were obtained using mortgage brokers, today that number has grown to over 30%. 

DEBT... Societies Dirty Little 4 Letter Word

Debt is a fact of life for many individuals and families.  For those with good money management skills, access to credit cards and lines of credit can provide for security and flexibility allowing them to take advantage of opportunities they might not otherwise have.  However, for those with poor money management habits, debt can become a crippling source of financial and mental stress. 

Understanding Your Credit Score

With financial institutions continuing to tighten their lending requirements, it has become more important then ever to build and maintain a good credit history and subsequently a good credit score!

Your credit score is a representation of the information found in your credit history  and is used by lenders to determine if you are a good credit risk or not.  In general, lenders use this score based on the concept that how well you managed your credit in the past will indicate how well you can and will manage credit in the future.