by Amy Coburn | Oct 14, 2016 | Budget, Mortgage Basics
Reviewing your mortgage is very important in times when there is an interest rate change, when your mortgage deal comes to an end and also just a general annual review in order to determine how your existing mortgage compares to the new deals within the market. It is... by Amy Coburn | Sep 1, 2016 | Mortgage Basics, Mortgage News
Sometimes a traditional mortgage with a bank or monoline lender is not a good fit for our clients. That is why we can arrange private mortgages as well. Private mortgage companies have a higher risk tolerance for borrowers that fall within that same category –... by Amy Coburn | Aug 5, 2016 | First Time Home Buyers, Mortgage Basics
You may have heard mention of a collateral charge mortgage or this may be the first time you have heard the term. One method of securing a mortgage or loan against your property is a collateral charge. It has become standard practice at some of the big banks. It is... by Amy Coburn | Jul 22, 2016 | First Time Home Buyers, Mortgage Basics
We see it time and time again, first time home buyers, (even second and third time) caught off-guard by the costs of buying a home. Here is a list of some of the big and little expenses that you need to plan for when house hunting. Land Transfer Tax – When a property... by Amy Coburn | Jul 8, 2016 | Insurance, Mortgage Basics
Ever wonder why you’re offered mortgage protection insurance when you get a mortgage? In Ontario your mortgage broker is required by law to offer you insurance protection before you sign your mortgage. However, your mortgage broker is not licensed to offer you advice... by Amy Coburn | May 13, 2016 | About Rates, Mortgage Basics
Teaser rate – definition:The below-market interest rate that is offered by lenders or credit card companies to gain new business. Offering a below-market interest rate often encourages people to switch credit cards or lenders to save money. Also known as an... 