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’. 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....
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...
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...
Spring has Sprung! Short Version There is no ‘mortgage rate-war’ Mortgage Rates are likely to remain flat or drop lower still. What will drive rates up? Good economic News. Maintain focus on the Variable Rate Product. 6 out of 10 CDN’s break their mortgages at...
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