Mortgage Broker or Bank?

mortgage broker or bank 1

If you’re looking for a mortgage on a home purchase — or to renew one on a home you already own — is a mortgage broker or a bank your best option? The main difference is a bank mortgage officer represents only the products their institution offers, while a mortgage broker is an intermediary who […]

Cutting Red Tape for Self Employed Borrowers

Self Employed Home Buyer

How To Get A Mortgage for Self Employed Canadians. CMHC, the national housing agency is exploring ways to make it easier for entrepreneurs and new immigrants to buy a home by cutting some of the red tape required to prove they can afford to pay the mortgage. “Right now, under our mortgage insurance policies, you […]

What You Need To Know About The Principal Residence Tax Exemption

Tax exempts for new home owners

When it comes time to sell the family home, few homeowners give any thought to the possibility of having to pay taxes on the realized profit resulting from the sale. After all, everyone knows that you are not required to pay capital gains tax on your home, right? While it is true that you do […]

When Can We Afford To Buy A Home?

qualify first time home buyer

This is a question that is similar to the question that many young couples are asked after marriage regarding when they intend to start a family. Often the answer comes back that they simply can’t afford to have a child yet. Those of us who have been married, had children and survived financially know that […]

How “Rent to Own” Houses Work in Canada

rent to own ottawa

What is a “rent to own” home? Basically, it is exactly what it sounds like it is. It’s a home, owned by a homeowner or investor, that is rented out to tenants. However, the tenants have the “option” to purchase the home within a certain period of time for a predetermined price. Some homeowners use […]

Mortgages For New Immigrants

Mortagages for immigrants

As a mortgage agent in Ottawa, the capital of a definitively multicultural nation, I have been able to assist many clients who have immigrated to Canada realize the dream of home ownership. Due to my experiences with people from around the world, I am very confident in my ability to navigate with these new comers […]

Home renovation mortgage Canada

Home renovation mortgage Ottawa

Believe it or not, Spring is around the corner and when the days lengthen and become warmer and income tax returns yield a credit (hopefully), many homeowners acquire “renovation fever”. They have checked out all of the Home Shows and obtained a myriad of ideas that they are eager to implement to improve their home’s […]

How to get out of debt

get out of debt

As a mortgage agent I often encounter people who desperately want to learn about how to get out of debt  or piece of the North American dream, specifically home ownership but who have had a resounding “no” from traditional banks and who are completely disappointed with the failure of their quest. More often than not […]