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... 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... 