8 Mar

Happy International Women’s Day!

General

Posted by: Michelle Webber

Happy International Women’s Day! Sharing stories, lending a helping hand and standing together are the easiest ways we can make an impact on others. In the spirit of sharing stories, advice and strength, I wanted to highlight some things I’ve learned from reading about Arlene Dickinson. Always on the lookout for helpful articles, I searched […]

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28 Feb

Bank Broker Vs. Mortgage Broker

General

Posted by: Michelle Webber

  Ask any mortgage broker and they can tell you that there are a handful of misconceptions that the public has about working with a mortgage broker. From questioning their credentials (we all are regulated and licensed with in our own province, and are constantly re-educating ourselves) to assuming that the broker does not have […]

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25 Feb

Credit Unions: Alternative Mortgage Lenders

General

Posted by: Michelle Webber

Credit Unions are often overlooked as a choice for your mortgage lender – but there are reasons why considering a Credit Union might be well worth your while. One of the primary attractions for Credit Unions is that they are regulated provincially, so they are not restricted by the Federal regulations that banks and monoline […]

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21 Feb

Are you Ready to Buy a House?

General

Posted by: Michelle Webber

Here are 7 signs that you’re ready to buy your first home… 1. You have saved enough for the down payment Most people think the biggest hurdle to overcome when buying a house is saving up a down payment. You normally need to save at least 5% of the purchase price as a down payment. […]

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18 Feb

Why Can’t you Port your Mortgage?

General

Posted by: Michelle Webber

Policies are always changing, and when you port a mortgage, a FULL application must be approved and completely underwritten with full, credit, income, property and policy review. It’s a mistake to believe that just because you already had a mortgage, you will easily get a new one. Policies and rates are changing rapidly and you […]

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14 Feb

Winter is Here! Get a Worry Free Mortgage

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Posted by: Michelle Webber

This time of year, there are a few less mortgage’s being done- not many people want to move into a new home in the snow. But if you want to get a worry free mortgage, this is a great time to be shopping. Scope out those potential neighbourhoods – how many snow shovels? Will my […]

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11 Feb

7 Ways to Grow your Credit Score

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Posted by: Michelle Webber

Have you ever wished for a simplified guide on how to actually GROW your credit score? Well today is your lucky day! We have had years of experience working with individuals who come to us with poor or damaged credit and we have found 7 steps that prove to be tried and true in fixing […]

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7 Feb

What is a Collateral Mortgage?

General

Posted by: Michelle Webber

A collateral mortgage is a way of registering your mortgage on title. This type of registration is sometimes used by banks and credit unions. Monoline lenders, on the other hand, rarely register your mortgage as a collateral charge – which is an all-indebtedness charge that allows you to access the equity in the home over […]

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4 Feb

Six Home Purchase Closing Costs

General

Posted by: Michelle Webber

When you purchase your home, there are 6 additional costs to account for. They include: Home Fire and Flood Insurance Title Insurance Legal Fees Adjustments Land Transfer Tax GST Here’s an overview of what you can expect. Home and Fire Insurance. Mortgage lenders will require a certificate of fire insurance to be in place by […]

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31 Jan

The #1 Misconception About Mortgage Financing

General

Posted by: Michelle Webber

It is a reoccurring but common misconception that you will qualify for a mortgage in the future because you have qualified for a mortgage in the past. This is not accurate! Do. Not. Assume. Anything. Even if your financial situation has remained the same or has improved, securing mortgage financing is more difficult now than […]

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