Borrowed content from the DCL Network – great ideas to pay off debt! Thansk Len Anderson HOW TO PAY OFF DEBT FASTER – 25 SECRET TIPS YOUR BANKER DOESN’T WANT YOU TO KNOW 1. Make a double mortgage payment whenever you can. Doing this once a year can shave over 4 years off the mortgage! […]

Graciously borrowed from Pauline Tonkin of the DLC Network If a buyer can’t obtain a mortgage due to poor credit, employment history, lack of down payment or income — most lenders will consider lending if there is someone to act as co-signor or guarantor for a mortgage. The two options provide different requirements. Co-signer or […]

Graciously provided by Mark Alltree of DLC Network Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five per cent to 10 per cent for the portion of the house price above $500,000. The five per cent minimum down […]

CAN’T QUALIFY FOR A BANK MORTGAGE? HOW DO PRIVATE MORTGAGES WORK? There is almost ALWAYS a mortgage solution. New to Canada? Self Employed? Maybe a few credit glitches in your past? You just need to ask the right mortgage consultant. Not everyone can qualify for bank mortgages today. It doesn’t make you a bad person, […]

MOVING UP/DOWN OR ACROSS THE PROPERTY LADDER? 3 THINGS TO KNOW Moving up the property ladder is an exciting time in your life – having clarity on how the process works is key to your success. 1. Understand the terms of your mortgage and be prepared – get a pre-approval. Just because you already have […]

The math used is mind-blowing from the Big Banks when calculating pre-payment penalties on pay out before the end of term… Proof Scotiabank is Using a Mortgage Loophole to Take Your Money (borrowed from an industry colleague) Have a read through and focus on the Big Bank comparisons for the same mortgage and note that […]

The math used is mind-blowing from the Big Banks when calculating pre-payment penalties on pay out before the end of term… Proof Scotiabank is Using a Mortgage Loophole to Take Your Money (borrowed from an industry colleague) Have a read through and focus on the Big Bank comparisons for the same mortgage and note that […]

Borrowed from DLC Michael Hallett.. Versus (vs) – as compared to or as one of two choices; in contrast with. At least once a day I get asked, what’s the difference between ‘this’ and ‘that’? With this in mind I put together some content that will hopefully provide some clarity in regards to  a few […]

Borrowed from industry source Rob McLister… The Liberals’ new majority gives them all the power they need to influence Canada’s mortgage market. Interest rates, mortgage policy and affordable housing initiatives will all be affected. Here’s some of what the mortgage market can expect from Mr. Trudeau’s new government: Higher bond yields: Balancing the budget is not […]

With the Bank of Canada announcement today, have you ever wondered who the Bank of Canada is and what is its role in our economy? The Bank of Canada is the country’s central bank. Its role, as defined in the original Bank of Canada Act of 1934, is “to promote the economic and financial welfare of Canada. “ […]