Have you ever heard of the term rate hold? If you have ever worked with a mortgage broker, chances are, you have! Rate holds are something that the majority of lenders offer to potential clients purchasing a new home who need a mortgage. Rate holds are generally not given out for people refinancing their mortgage Read More

Many people go through challenges in life that affect their finances. Divorce, job loss, health issues top the most common reasons. I commend you on getting your finances sorted out and back on track. The moment you FILE that consumer proposal or bankruptcy is the time to start rebuilding your credit history. YES, there are Read More

We all know food trucks are now a staple in the diet of any big city. They’ve revolutionized how many of us eat and they’ve put brick and mortar restaurants on notice. So, could the business model work for another favourite pastime: shopping? Ashley Mitobe is the owner and operator of Fashiontruck Canada, one of Read More

In case you didn’t know, construction mortgages are available through mortgage brokers! Even though the options for lenders are slim, it can still be accomplished. Unlike regular purchase mortgages where the funds are released on closing, the funds for construction mortgages are released in stages. With typically 15-month construction periods, here are the following advances: Read More

With all of the rule changes imposed by the federal and provincial governments around mortgage financing and real estate it may be more difficult to access financing. But don’t take it personally – sometimes it’s not you it’s the property. When lenders underwrite your application for approval they look at you as a borrower but Read More

With the importance of real estate in Canada, it is vital to understand how the various professionals in the sector operate when buying a home. Sooooooo… what is the difference between a Mortgage Specialist & a Mortgage Broker? At the surface they sound the same • They both arrange mortgages • They both can offer Read More

Are you in the market for a new home? That’s great – but if you’re not already pre-approved from your mortgage broker, be sure to read on. Pre-approvals are very important for two reasons. They give you confidence in knowing that a specific amount of financing is available for you. A pre-approval can put you Read More

Insurance coverage is something that everyone is “pitched” at some point or another in their life. Unfortunately, a lot of us have a negative attitude towards insurance or warranty as it is perceived as being a cash grab. Yes, if you are purchasing a flat screen T.V., that extra 2-year warranty for $100 might be Read More