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...
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...
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...
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...
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...
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...
Found your dream home but it needs a little updating? The Purchase Plus Improvements Program will allow you to add the cost of the renovation(s) to your purchase price which means you can put as little as 5% down and still get industry best mortgage rates! Here’s an...
Getting a pre-approval is one of the most important steps in purchasing a home. A pre-approval ensures you aren't wasting time looking at homes outside your qualified price range. It also helps you create a financial plan with respect to the costs of home ownership as...
Here’s part 10 of my 10 step series on mortgage tips here at Financial Uproar every Wednesday. Every step of the process will be covered from the application to qualifying to tips and tricks to save money on your mortgage and everything in between. To read all of...
