HW ADVANTAGE is hiring!

HW ADVANTAGE is hiring!

HW ADVANTAGE Job Posting: Customer Care and Marketing Advisor HW Advantage a member of the successful and highly regarded ‘Loewen Group’ Mortgage Brokerage located in Burlington, Ontario Canada is hiring! Reporting to the Director, the Customer Care and Marketing...
What is Bridge financing??

What is Bridge financing??

Bridge financing is most commonly required when someone purchases a new home at an earlier date then they sell their existing home. When that person needs the proceeds of their sale for down payment on the new purchase, the lender provides this additional financing to...

Mortgage Insurance v.s. Life Insurance

Here is a topic I get asked about quite often.  People are shocked to know that Mortgage Insurance can actually be harmful to your financial health.  Canadian Banks sell more Mortgage Insurance than all the big insurance companies combined.  Although the banks are...

Mortgage breakage penalties

BEWARE OF THE FINE PRINT. What could mortgage breakage penalties COST YOU? I meet with clients on a daily basis to discuss their mortgage options and I often ask “what is your number one priority as I help you shop for a mortgage?” 99% of the time I get the same...

What is Refinancing?

Do you owe money on your credit cards or for property taxes? Thinking of buying a new vehicle or doing some home renovations? Are today’s interest rates lower than what you are currently locked in at?  Want to take advantage of lower rates and purchase a rental home...

Mortgage Shopping… Let me help.

There are 4 simple questions you MUST ask when “shopping” to help you determine if the bank or mortgage specialist deserves the privilege of managing your mortgage.  If they can’t answer any of these 4 questions properly, you should …RUN…DON’T WALK…to someone that...

CREDIT

Getting approved for a mortgage relies on three main components:  Income, down payment and CREDIT. Many people assume they have good credit but don’t actually know why, or how to maintain it.  Your credit history helps lenders determine how risky it would be to give...

MORTGAGE PRE-PAYMENT OPTIONS EXPLAINED

Pre-payment options can vary greatly between mortgage lenders.  However, this important feature can allow you to pay off your mortgage faster, and potentially save YOU thousands of dollars in interest. Here is a brief summary of the two types of pre-payment options...