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Cash Back Mortgages – There is no Free Lunch

Full disclosure, there is a bias within the following words.  I have tried for a few weeks to create more balance within this post, but in the face of effective interest rates of 53.38% (read on), it was exceedingly difficult to find significant strength in the...
Moving Up, Sideways, and Downsizing – Ten Costs to Consider

Moving Up, Sideways, and Downsizing – Ten Costs to Consider

Short Version Purchasing a Property should be a calculated move, lacking in surprises. 1. Speak to you Mortgage Broker ask if you ‘Qualify to Port your mortgage’. It is not well known that although the mortgage may be ‘portable’ both the...
Your Real Estate Deposit held ‘In Trust’

Your Real Estate Deposit held ‘In Trust’

Your Real Estate Deposit held ‘In Trust’. We recently had a client enter into a Contract of Purchase and Sale, with the standard subject clauses. The purchase price was $450,000, our the buyers were considered first-time buyers, hoping for 95% financing....
You have more power than you believe!  Mortgage Renewal.

You have more power than you believe! Mortgage Renewal.

The (quietly) raging battle behind the scenes over your Mortgage Renewal – things to know & understand. As you approach your mortgage renewal date, there is often a letter or a call from your current lender that arrives up to 6 months in advance of the...