Let’s talk about the age-old question of whether it is better to go with a fixed-rate mortgage or to roll the dice on a variable-rate mortgage. Some Background Historically, variable rate mortgage holders on average have come out ahead over their fixed rate holding neighbours. Whenever you look at long-term averages, there are always exceptions […]
Are you currently shopping around for a mortgage? When considering which mortgage to use, asking as many questions as you want is always advisable. Purchasing a home and the mortgage that you will set up to finance your purchase are often the two largest financial decisions that you will ever make. You must know all […]
Our Hamilton mortgage broker team knows how big of a role that interest rates play in the financial market and lending costs. When interest rates are high, lenders have more incentive to provide homebuyers with the mortgages they need, because they profit from high-interest rates. Interest rates that are too high can negatively impact the […]
When you are looking to buy a home, your first step is finding a Hamilton mortgage broker. It can feel a bit overwhelming if you are doing this for the first time. There is a lot of information to take in and it’s important that you ask the right questions before you actually commit to […]
Mortgage renewal time can be busy for a Hamilton mortgage broker like me. It can also be an exciting and sometimes stressful time for homeowners. It’s a time when you can look to getting yourself a better mortgage package with lower rates. The market was a very competitive one, with homeowners being spoiled for options […]
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 […]
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 […]
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. […]
Market Update on the Hamilton, ON Area Part of my job as a Hamilton mortgage broker is to keep up to date with what is happening in the current housing market. Following trends can help plan ahead when it comes to finding my clients a good mortgage package or giving them advice on buying. Overall, […]