Mortgage Tips - I Have a Mortgage for That

MORTGAGES FOR EXPENSIVE HOMES – NOT AS EASY AS IT SOUNDS

Large home purchases that require a mortgage present unique challenges in the Canadian Mortgage market. Sliding scales, director approval, multiple reviews, it all adds up to difficultly getting larger mortgages approved, unless you’re working with an experienced mortgage broker. In 2012 the government of Canada removed the mortgage insurers ability to approve mortgages of $1 …

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WHAT THE ELECTION RESULTS MEAN FOR YOUR MORTGAGE

Mortgage Tips / By Dalwinder Singh

With all the news we have seen on the election, I thought I would sum it up from a mortgage industry perspective. What the liberal win means for your mortgage: 1. We will see the continuation of the First Time Home Buyers’ Incentive. Check out the link for more information here: 2. Property Transfer Tax modifications …

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FIRST TIME HOME BUYERS INCENTIVE PROGRAM

First Time Home Buyer, Mortgage Tips, New to Canada / By Dalwinder Singh

The new First Time Home Buyer Incentive program from CMHC (Canadian Mortgage and Housing Corporation) was officially released on September 2. This program was met with mixed reactions across the mortgage industry, but we wanted to take a minute to give you the facts regarding the program. Below are the key points you need to …

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4 WAYS TO MAKE THE MORTGAGE PROCESS SMOOTHER

First Time Home Buyer, Mortgage Tips / By Dalwinder Singh

Mortgages are complicated—I get it! But there are steps that you as a home buyer can take to make the process a much smoother one (plus let you walk away with the sharpest rate!) 1. Use a Broker This should be the first step you take when getting a mortgage! Enlisting a trusted broker to …

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MORTGAGES ARE LIKE COFFEE

First Time Home Buyer, Mortgage Tips / By Dalwinder Singh

The most common question we get for mortgages is “what is your best rate?” Now imagine we walked into our local coffee shop and asked “what is your best price?” Doesn’t happen. There are all kinds of different coffees and lots of ways to make them. The same goes for mortgages. Getting a coffee at …

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CANADIAN ECONOMY HITS A MAJOR POTHOLE IN Q4

Mortgage Tips / By Dalwinder Singh

This article is written by Dr. Sherry Cooper, an award-winning authority on finance and economics with over 30 years of bringing economic insights and clarity to Canadians. It’s an interesting read to get some insight on the results of final quarter of last year, to see where the economy is headed in the short and …

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BUYING YOUR FIRST HOME? – THESE TIPS WILL SAVE YOUR LIFE

First Time Home Buyer, Mortgage Tips / By Dalwinder Singh

So you’re wanting to buy a new home? That is some very exciting news. First question, are you prepared?! We all know big-item purchases are scary. It’s expensive, you are fully committing to this household – there is no turn backing without that pricey consequence. I totally get it. The ultimate first-step is to do …

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5 C’S OF CREDIT TO GET A MORTGAGE

First Time Home Buyer, Mortgage Tips, New to Canada / By Dalwinder Singh

Whether you are buying your first home or have been a home owner for years, when you are looking at purchasing a property, finding the best mortgage solution for your specific situation can be an intimidating experience. Working with a licenced mortgage broker will ease that tension, along with knowing the basics of what lenders …

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NEW YEAR, NEW WAYS TO MANAGE THAT HOLIDAY DEBT!

First Time Home Buyer, Mortgage Tips / By Dalwinder Singh

I hope your holidays were spent warm, safe and in the company of family and loved ones. I also hope that you’re not drowning from all the holiday purchases such as the dinners, the appetizers, the gifts, the gift cards, the drinks, the party favours – shall I continue? It is expected that most people …

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A SHIFTING MARKET… AGAIN

Mortgage Tips, Second Mortgage / By Dalwinder Singh

The recent data sure has changed the tone of rates in the coming months. The prime rate – what variable rates are based on, while a few short weeks ago was expected to rise three times in the next 18 months now with the data on the slowing of the market and uncertainty in projects …

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