Individuals with poor or bruised credit are avoiding banks and seeking out private mortgage lenders in Toronto. However, before spending your time trying to obtain a private mortgage on your own, read this. Why Get a Private Mortgage in Toronto? More homeowners and aspiring property buyers in Toronto are turning to private mortgages. Living in […]
The Importance of Having a Mortgage Pre-Approval In This Seller’s Market
Today’s housing market is extremely competitive, and buyers must be pre-approved if they want to improve their chances of an accepted offer. But how important is being pre-approved for a mortgage? The average home buyer is often unaware of how the process works in being approved for a mortgage, though they may have a general […]
Why rate hike signals are making now the time to lock in or refinance your rates
With our partners to the south flirting with the idea of raising the fed funds rate, we will be sure to see that reflected in a Bank of Canada rate hike ourselves. Reuters and Bloomberg are both anticipating a fed funds increase within the first two quarters of 2017, and the Fed anticipated in December […]
Why Use A Mortgage Broker When Buying A Home?
Buying a house is one of the biggest decisions that you will ever make in your life, which is why taking the time to do it right is imperative. It’s easy to get caught up in the excitement of the buying process, which often means settling on the first mortgage rate that your bank offers […]
Snap Up an Investment Property in Canada The Right Way
If we are to look at the current housing rental market in Canada, a real estate reporter of The Globe and Mail, Tamsin McMahon published a report in December 2015 that a lot of Canadian condominium buildings are being purchased by foreign investors. According to McMahon, based on the figures released by Canada Mortgage and […]
Six Reasons Why You Should Seek the Assistance of a Mortgage Specialist in Toronto
A mortgage specialist in Toronto is a licensed professional who has contact with multiple lenders who offer different mortgage rates. His job is to help buyers who need a mortgage to finance their purchase of a home or other properties to find the best rate, terms and conditions that is suitable for their particular needs. […]
Owning your first home may be easier than you think with the Home Buyers’ Plan
If you fall into one of the following scenarios, you may be able to take advantage of the Home Buyer’s Plan and benefit from significant tax breaks: You do not have enough cash for a down payment but have money in a Registered […]
5 Great Tips For First-Time Home Buyers
If you’re thinking of buying your first home, these five tips will help you enter the market with confidence. 1. Test-drive life as a homeowner Taking on a mortgage for the first time can seem like a big commitment and you may be unsure of how it will feel. Will you need to make sacrifices […]