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Mortgage Broker Burlington Articles

The Pros & Cons of Co-Signing

The Pros & Cons of Co-Signing

When Qualifying for a Mortgage or Renewal is Just Out of Reach With stress tests and current home prices still out of reach, many Canadians are looking at co-signing in order to buy or re-finance their home. While this might not even be an option for some, for others...

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January Mortgage Forecast

January Mortgage Forecast

January Mortgage Forecast - 2018 was Stressful, but 2019 will be Hopeful  Let’s just say it... last year sucked for those most vulnerable trying to get ahead in the home ownership game. Thanks to the newly introduced “stress test” and rising rates, both fixed and...

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Changes to HELOC Rules Now In Effect

Changes to HELOC Rules Now In Effect

HELOC Home Equity Line of Credit The big banks have slowly and quietly introduced new regulations that could affect some 3.1 million Canadians with home equity line of credits. So what changes are we talking about here and how can it impact you? Well, for those...

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Is a Reverse Mortgage Right for You?

Is a Reverse Mortgage Right for You?

By retirement, often the largest asset our clients own is their home and that often plays into their retirement strategy. Early in our relationship, we ask specific questions surrounding retirement and work with our clients to ensure we understand their short and...

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Home Equity: Handling Life’s Unexpected Expenses

Home Equity: Handling Life’s Unexpected Expenses

You have a savings account, have contributed to RESPs for your child’s education and have life insurance. Sometimes all the planning in the world can’t account for those unexpected major life costs. Let’s look at the pros and cons of using equity in your home can help...

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The Mortgage Process: What exactly can you expect

The Mortgage Process: What exactly can you expect

The mortgage process can be stressful… ask anybody who’s gone through it once, twice or twelve times. It never gets easier, and now with the new financial rules and regulations in place, it seems to be even more daunting for people. Let’s change that! As a mortgage...

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Required Documents Checklist

Required Documents Checklist

Satisfying the terms of your mortgage approval can be a daunting task and often stressful. Our team at HW Advantage provides you with the guidance you need to ensure you have everything in order to close without delay (as much as possible). That is the advantage of...

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Self Employed Mortage? Why It’s Harder For You to Get One

Self Employed Mortage? Why It’s Harder For You to Get One

Self Employed Mortgage: The Ins and Outs While self-employed professionals often have a harder time qualifying for a mortgage, it’s not impossible. Any person qualifying for a mortgage will have their application vetted based on the same 3 main principals. Income,...

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Bank Traps to Avoid When looking for a Mortgage

Bank Traps to Avoid When looking for a Mortgage

Shopping for a mortgage: Whether you are buying a new home, refinancing, or renewing; spending the time and energy to obtain the best mortgage suited to your needs is extremely important. Banks often give the illusion that all you have to do is “get the best rate and...

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Mortgage Broker: An advocate for borrowers

Mortgage Broker: An advocate for borrowers

If you ask a mortgage broker “Why should I use a mortgage broker?” you had better clear your calendar for the rest of the day. A good mortgage broker knows and can clearly define the many benefits they can provide their clients. I for one am definitely passionate...

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2016 in Review: This Past Year in Canadian Mortgage

2016 in Review: This Past Year in Canadian Mortgage

2016 was quite a year in the Canadian mortgage industry! The first 9 months saw fixed rates dropping further to all-time lows (five-year fixed @ 2.29% at one point!) and in the meantime real estate prices continued to soar across most markets in Canada. In fact, it’s...

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