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 […]

Purchase Plus Improvements Mortgage

purchase plus improvements

Do you want to purchase a home that needs some TLC? Do you want to get these renovations taken care of right away? This mortgage is available for purchases up to 95% loan to value. There is an available mortgage option that will help you pay for renovations with as little as 5% down, and […]

Mortgage Renewal Tips and Procedure in Canada

Optimum mortgage ontario

You may not know that we cover the costs to transfer your mortgage from one lending institution to another when it’s time to renew. If your mortgage is up for renewal and you are not increasing your mortgage amount but may want to seek best mortgage rates than that offered by your current mortgage lender, […]

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 […]

Credit! Why You Need It and How To Use It Wisely

Why you need credit

Many people do not realize that their credit score is one of the most valuable assets that they have. One of the credit misconceptions that I run into most often is that not having a credit card or line of credit proves that you are a good risk for borrowing. Although this seems like a […]

Here is a Method That is Helping Broke Homeowners Out of Debt

MORTGAGE RELIEF

Here is a Method That is Helping Broke Homeowners Out of Debt Mortgage Rescue is a process to reduce consumer debt without filing consumer proposal or credit counseling, most commonly utilizing proceeds of a mortgage to pay the creditors in a lump sum allowing for immediate credit repair to begin. Based on historical data, debt […]

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 […]

Getting The Most From Your Renovation Dollars

refinance for home renovations

For most of us, the family home is likely to be the largest single investment we will make. While the purchase of a home is driven primarily by the need to provide shelter for your family, all homeowners anticipate that the value of their home will increase over time. The extent of this increase depends […]

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 […]

Who Is The Best Lender For Your Mortgage?

best mortgage lenders for refinancing

Whether you are purchasing a home or refinancing your existing home, the guidelines for choosing a lender are pretty much the same. Most people, when needing a mortgage for either a refinance or a purchase, are primarily concerned with interest rates and rightly so. However there are other factors to consider that will affect the […]