Variable Rate Mortgages Gain Popularity
Mortgage brokers in Canada have been arranging Variable Rate Mortgages for borrowers during 2013 at an increased pace. Due to economic conditions, the Bank of Canada has kept the prime rate at 3.00%...
View ArticleMortgage for Rental Property – New Product Features
Purpose of Funds • Purchase, Refinance (1-4 units non-owner occupied). • Equity Take-out: Maximum $200,000. • Not available on Purchase / Refinance Plus Improvements, New to Canada or Stated Income...
View ArticleWhat a Toronto Mortgage Broker Can Do For You
5 Things a Mortgage Broker Does For You That Your Banker Can’t When you decide to use a mortgage broker rather than dealing directly with the bank, you instantly gain access to their wealth of...
View ArticleMortgage Rates – Choosing a Fixed or Variable Rate Mortgage
Mortgage Rates – Choosing a Fixed or Variable Rate Mortgage One of the most important aspects of choosing a mortgage is choosing a fixed rate, or variable rate loan. Most advisers will tell you to...
View ArticlePayoff Your Mortgage Faster
Pay Off Your Mortgage Faster One of the highest financial priorities of Canadian homeowners is to pay off their mortgage as quickly as possible. Paying down extra principal in the early years can...
View ArticleMortgage Brokers in Toronto
There are many mortgage brokers in Toronto but only a handful have the knowledge and experience you need. It is important to work with someone who has had years of experience working with different...
View ArticleIncome Documents for a Mortgage Application
We’ve all heard the Scout motto “Be prepared”. It’s great advice if you need a mortgage. Assembling everything your lender needs to verify your income is a critical component of mortgage success. A...
View ArticlePrivate Lenders in Toronto
Many mortgage borrowers in Toronto and the GTA are using private lenders if they are having difficulty qualifying for a mortgage with the banks due to increased qualifying measures brought in from the...
View ArticleRefinance a Mortgage in Toronto
Refinancing a mortgage has many benefits in a low mortgage rate environment. As today’s credit cards, credit lines and other loans can easily be over 14%, combining these into one low rate mortgage can...
View ArticleToronto Mortgage & Real Estate Update – 2022 February
The market in the GTA and Toronto continues to show above average levels of price increases and low inventory, causing buyers to encounter multiple offer situations. Prices are now well above the...
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Mortgage Rates Increase in 2023
As you may have heard in recent news, mortgage rates are now at levels not seen since 2008. The prime rate is now 6.70% , a huge jump from the 2.45% lows of early 2022. All fixed rates terms are up...
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Mortgage Rates Dropping into 2024
The current mortgage rate environment in Canada is seeing bond yields decrease from their highs. Recent action in the bond market has seen yields drop about 70 basis points from their highs of about...
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Lower Mortgage Rates Continue in Toronto During 2024
Why Dropping Mortgage Rates Are Your Best Friend When it comes to buying a home in Toronto and the GTA , mortgage rates can feel like a roller coaster. Up one day, down the next! But right now, we’re...
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Find a Private Mortgage Lender in Toronto
Find Private Mortgage Lenders in Toronto When it comes to buying a home in Toronto, you might feel like you’re navigating a maze. Traditional banks are often seen as the go-to choice for a mortgage,...
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Debt Consolidation: Mortgage Refinancing in Toronto
Debt Consolidation: A Guide to Mortgage Refinancing in Toronto What is a Debt Consolidation Mortgage Refinance? Ever feel overwhelmed by multiple debts? You’re not alone. Many people in Toronto and...
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What is a Second Mortgage
How do Second Mortgages Work? Securing a second mortgage from private lenders in Toronto can be a viable solution for homeowners in need of additional funds. Understanding the intricacies of this...
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What Is A Second Mortgage
Securing a second mortgage from private lenders in Toronto can be a viable solution for homeowners in need of additional funds. Understanding the intricacies of this alternative financing option is...
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Mortgage Refinance Debt Consolidation
What is a Mortgage Refinance Debt Consolidation? Ever feel overwhelmed by multiple debts? You’re not alone. Many people in Toronto and the GTA struggle with juggling credit cards, personal loans, and...
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Find A Private Mortgage Lender in Toronto
When it comes to buying a home in Toronto, you might feel like you’re navigating a maze. Traditional banks are often seen as the go-to choice for a mortgage, but have you ever considered private...
View ArticleLower Mortgage Rates Continue in Toronto 2024
When it comes to buying a home in Toronto and the GTA , mortgage rates can feel like a roller coaster. Up one day, down the next! But right now, we’re seeing a dip in those rates, and that’s great news...
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