by Amy Coburn | May 2, 2016 | About Rates, Mortgage Basics
Is it time to renew your mortgage? Are you one of the many Canadians that just trust that the bank is offering you the best deal? Do you sign on the dotted line without reading the fine print? Stop!…do not pass go…do not collect $200…go directly to your mortgage... by Amy Coburn | Apr 15, 2016 | Buying and Selling, First Time Home Buyers, Mortgage Basics, Mortgage News
In a competitive seller’s market like today, the importance of knowing the accurate value of your next home is absolutely critical.Some people like to say that the true value of anything is determined by what the market will bear. But when buying a home, that’s a very... by Amy Coburn | Apr 1, 2016 | Mortgage Basics, Retirement
The truth is, debt in retirement use to be a faux-pas, but today, more and more Canadians are entering retirement with growing debt. The average life expectancy is higher than ever and the cost of living is often greater than pension incomes. A reverse mortgage allows... by Amy Coburn | Mar 18, 2016 | Buying and Selling, First Time Home Buyers, Mortgage Basics
A “Port”able Mortgage means that you can move your current mortgage to your new home. This can be a cost saving option when moving before your current mortgage term is up. Porting can protect you from mortgage breakage penalties.Straight Port: This is simply keeping... by Amy Coburn | Mar 4, 2016 | Buying and Selling, Mortgage Basics, Mortgage News
The real estate prices in the Hamilton and surrounding area is going up at a swift pace. Part of this has been caused by the lack of houses for sale and the increase in demand. It is actually making it difficult for some buyers to get that house of their dreams. Why... by Amy Coburn | Feb 19, 2016 | First Time Home Buyers, Mortgage Basics, Mortgage News
Effective February 15, 2016 new rules went into place governing the minimum down payment required on the purchase of a house in Canada.Here are the new guidelines for down payments: Purchases under $500,000 won’t be effected. The minimum down payment required... 