I’ve worked as a Hamilton mortgage broker for many years and I know that most people won’t have the cash on hand to buy a home flat out. This means having to take out a mortgage, and taking out a mortgage needs careful planning if you want to qualify. Today, I am sharing with you […]
A question I often am asked, as a Grimsby mortgage broker is whether it pays to have a private mortgage or not. There are some instances where it can be beneficial to a home buyer, especially if they are having a hard time qualifying for a traditional mortgage. What is a Private Mortgage? This is […]
One of the hardest things for homebuyers to do is save up enough money for that all-important down payment on a home. As a Hamilton mortgage broker, I’ve always said that it’s best to start saving up well in advance. After all, the bigger the down payment, the lower the mortgage loan and monthly repayments […]
Having a mortgage pre-approval is a beneficial step when buying a home. As a Hamilton mortgage broker, I’ve seen first-hand the confusion between pre-approval and pre-qualification and how the difference between the two has affected my clients. While these terms have been used interchangeably by many lenders and larger financial institutions, they are different regarding […]
Have you ever heard the term “seller’s market” and wondered what that means? As a Burlington mortgage broker, it’s important to know whether the market is deemed a buyers or seller’s market. If you are looking for a home in a seller’s market it means that there are fewer homes on the market than people […]
When taking out a mortgage for purchasing a home, homebuyers can be surprised by the closing costs that are involved. It’s something you need to plan for and factor into your home buying budget. As a Hamilton mortgage broker, I help clients prepare for these costs so they aren’t surprised at the end of the […]
Many homeowners choose to refinance their mortgage at one point or another. As an Oakville mortgage broker, it’s my job to make sure all options are looked at when a client wants to refinance. It’s important to find a mortgage that is appropriate for what they need and for their financial situation. Refinancing your mortgage […]
I’ve had over 25 years of experience working as an Oakville mortgage broker with many homeowners using the service of a broker for the first time. Applying for a mortgage can be a stressful time for them and it’s easy to forget to bring things like the right paperwork, or not know what questions to […]
Something I do as a Hamilton mortgage broker is to help buyers find financing for construction mortgages. These are for homes that are not yet built or in the process of being built. The mortgage covers the expense of the construction of the home, and they are a bit different than your traditional mortgage loans. […]
One of the questions I get asked regularly as a Beamsville mortgage broker is why mortgage rates fluctuate so often. There are some key economic factors that work together which affect mortgage rates in Canada. Inflation, the housing market, unemployment, and consumer confidence are just a few of these things. Fixed and Variable Rate Mortgages […]