Closing Costs Canadian homebuyers need to remember that they don’t get mortgage funding until they’ve closed and they can’t close until they’ve paid all their closing costs. A lot of first time home buyers are shocked by how fast closing costs can add up. While it varies, home buyers should…

Get informed. …learn the benefits of fixed and variable mortgage products before making a change so you can choose the best option for your current situation. Here are the Facts: how mortgage rates are set… The chartered banks set the prime-lending rate (the rate they offer their best customers).  They…

This is an important moment of opportunity! The end of your mortgage term is nearing and you now have the power to choose what’s right for you without paying hefty penalties! Save money without paying penalties to switch lenders! Now’s your time to access the best lender offering you the…

The key to making a substantial retirement contribution —as well as lowering all your monthly payments— is low interest rates.  That’s what makes home equity just about the best lending vehicle ever.  By rolling your high-interest debts and current mortgage into a new, low-interest mortgage, you’ll save on interest and…

Consider using your rent to buy your own home! If you can afford to rent, chances are that you can afford to buy.  Start building equity for your future by saving 5% for a down payment to purchase your OWN home.  Your monthly mortgage payments may be similar to your…

DON’T USE A BANK, USE A BROKER! One of the greatest advantages of using a mortgage broker is having access to over 50 lenders.  A bank will only offer you access to their products, while a mortgage broker can offer you more choices through multiple lenders.  With this vast product…

With a range from 300 to 900, your credit score captures your perceived lending risk at a moment in time.Your score tells lenders what kind of risk you are likely to be as a borrower. Your score can change from month to month. The companies that hold your credit and…