Collateral charge mortgage – What is this? Short Version This is a method of registering your mortgage currently used by nearly every Chartered Bank & Credit Union at this time. You are unlikely to avoid it with either of these two types of lenders, nor...
What have you done with your INVESTMENT property mortgage and why? This is another question which I encourage clients to ask or their Mortgage Broker or their banker. Short Version An open and questioning mind may lead one to mortgage products which result in savings...
[vc_row][vc_column width=”1/1″] Happy New Year! A few thoughts around resolutions to address your existing Mortgage; Payment Frequency and Amount. Take charge of something that is within your control, the effective amortisation of your mortgage. A change...
Good debt, bad debt, let’s talk about debt. Short version The focus on lending restrictions needs to include if not at this point be shifted primarily to consumer debt, i.e. credit cards, unsecured credit lines, auto loans, recreational vehicle loans, etc. Current...
Short Version; The boring CDN housing market, by the numbers it is clearly stable being primarily composed of borrowers with excellent credit, solid incomes, and reasonable down payments who met stringent qualifying standards in order to enter the market. Long...
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