by Amy Coburn | Sep 27, 2019 | Buying and Selling, First Time Home Buyers, Mortgage Basics
Here are some tips for anyone that has been approved for a mortgage. Once you have been approved and provided all of your supporting documents to your mortgage broker there are some guidelines to follow to ensure that you do not run into any problems with your...
by Amy Coburn | Jul 26, 2019 | About Rates, Mortgage Basics
The age-old question…do I go variable or fixed? Fixed mortgage rates are more popular and represent about 70% of all mortgages in Canada. With a fixed rate mortgage, you can “set it and forget it” as you are protected against interest rate fluctuations, so your...
by Amy Coburn | Jun 3, 2019 | Mortgage Basics
Do you want to reduce your monthly mortgage payments, get cash from your home equity, or get a better rate on your mortgage? It may be time to think about refinancing your mortgage. A 2018 study found that 47 percent of Canadians may need to take on more debt to pay...
by PrestigeDigital | Nov 22, 2018 | Mortgage Basics
Here are 5 of the most common myths about Mortgage Brokers and why the myths are not true. 1. You need to pay a huge premium to work with a mortgage broker. Untrue. Mortgage brokers are usually paid by the mortgage lender, such as a bank, monoline lender or credit...
by Amy Coburn | Jul 20, 2018 | Mortgage Basics, Retirement
Provided by HomEquity Bank Wouldn’t it be nice if you had the money to do more of the things you want to do? A CHIP Reverse Mortgage could be just what you need. It’s the simple and sensible way to unlock the value in your home and turn it into cash to help you...
by Amy Coburn | Jun 8, 2018 | Buying and Selling, First Time Home Buyers, Mortgage Basics
The are so many reasons to use a Mortgage Broker. Here are just a few. Choice: Many people’s first instinct when they need a mortgage is to go to their bank. And that is fine, we work with banks and credit unions all the time. However, the Mortgage Specialists at...
