by Amy Coburn | Oct 10, 2017 | Mortgage Basics
A question asked over and over. The simple answer is that the lender wants to make sure they will be able to sell the secured property in a reasonable amount of time and recoup the hundreds of thousands that they have lent, if the borrowers do not make their... by Amy Coburn | Sep 22, 2017 | About Rates, Mortgage Basics
So why is it that mortgage broker’s cringe when they are asked…”What’s your rate?”Things have changed greatly in the mortgage industry, especially over the last year. These days, we need to know all the details of an application before we can even give a range of... by Amy Coburn | Sep 7, 2017 | Community, Mortgage Basics
Guest Blog by Becca, high school student In High School they do not teach you about anything that has to do with banking. They do not teach you how to open a chequing or savings account. They don’t teach you how to understand interest rates. They don’t teach... by Amy Coburn | Aug 8, 2017 | First Time Home Buyers, Mortgage Basics
In the process of getting a mortgage, or any secured loan, you may be asked to get a Co-Signor or Guarantor. They sound like the same thing but they have 1 very distinct difference. A Co-signor, also known as a Co-borrower, are also considered to be a co-owner. ... by Amy Coburn | Jul 7, 2017 | Mortgage Basics, Retirement
As a follow up to our myth debunking of reverse mortgages in our last blog, we wanted to share a real customer story to demonstrate how a reverse mortgage can truly help.This example is about a single woman (Ms. C for short), aged 72, from a midsize city in central... by Amy Coburn | Jun 23, 2017 | Mortgage Basics, Retirement
Reverse mortgages have evolved over the years and become a product that many people are incorporating into their financial retirement plan. But there are still many people who do not understand what a reverse mortgage is and have a negative view of them which may...