Every day, my goal is to take your mortgage off your mind. Nobody wants to get a mortgage, they only get one so they can buy a home. Finding the perfect home is what you should be focused on. I put your mortgage on my mind so it’s off yours.
When buying a home and getting approved for a mortgage, it's important to review any major changes with your mortgage broker first to assure that it will not affect your mortgage approval. 5 Things to avoid Before Your Closing Date When Buying a Home Changing Your Employment Even if a promotion is available, […]
There are many terms you will hear during your mortgage process. Some terms will be straight forward and other terms may not be. Here are three important mortgage terms you should know. They are prepayment, porting and assumable. Prepayment, Porting and Assumable Prepayment: Prepayment is the amount that a lender will allow you to pay, […]
The mortgage process can sometimes be a little confusing or overwhelming. In addition to your personal finances, mortgage rules and lender guidelines are always changing. However, focusing on the five Cs of credit can help. There are five key areas that are reviewed with a credit application and they have become known as the five Cs […]
A surprising 60% of mortgage holders break their mortgage during the term. When a mortgage contract is broken a lender typically will charge a penalty. There are many reasons why someone may need to break a mortgage. This post reviews the top reasons people break their mortgage. Top 8 Reasons People Break a […]
Porting a mortgage can be a great option when moving to a new house as porting can help you avoid a penalty from breaking your current mortgage. I am able to assist with porting and love helping clients through the process. There are are a lot of important points to know when porting a mortgage. […]
Over the last few years, more changes have been introduced to the mortgage rules in Canada. Some of these changes can affect refinancing a mortgage in Ottawa. These changes are important to know if you are thinking of refinancing your mortgage in Ottawa. Refinancing a Mortgage In the past, one was able to […]
When signing the mortgage package your Ottawa mortgage broker will ask you how you would like to pay your property taxes. Here are three ways you can pay them. How to pay your property taxes 1) Have your mortgage lender collect the taxes This is a very popular option and […]
A mortgage is a contract between you and the lender. The contract has terms, conditions, obligations, rights and so on. Many lenders will allow you to break the contract if you pay a penalty. For a fixed rate mortgage, this penalty is often the higher of three months of interest or an interest rate differential […]
The reward for making a larger down payment in the past was a lower rate. However, with recent changes in mortgage rules many lenders now have a higher rate for those with larger down payments. In the past mortgages were looked at as high ratio (less than 20% down) and conventional (20% or more down). […]
When buying a home, the different types of insurance that you may be offered, can be a little confusing. If you've ever asked, "What are all these insurances?", keep reading to learn more. What are all these insurances? The three main insurances that may arise when applying for a mortgage are: Mortgage default […]
