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Author Archive | Rick Sekhon

Banks can’t keep up with demand

Justin da Rosa Brokers say they are experiencing longer than average turnaround times with the banks, suggesting it could be a result of a flooded market due to collective client fears that rates will continue to increase. “I would divide the segment into two parts; the adjudication part with the banks in general is probably […]

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Why Refinance?

Tina Dulay – GTA Mortgage Experts Team Member Typical Refinance Savings Current Situation Mortgage: $300,000 at $1,496.23 each month Car Loan: $30,000 at $700 each month Credit Cards: $20,000 at $600 each month TOTAL Monthly Payments: $2,796.23 New Mortgage $360,000 at $1,543.04 each month, which will pay off your existing mortgage, car loan, and credit […]

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Homes in GTA See Big Price Gain

Madhavi Acharya-Tom Yew Business Reporter Average prices for a single detached home in some Toronto neighbourhoods are up 12.7 per cent from last year. Toronto has another $1 million neighbourhood. The average price for single detached homes in Don Mills, Parkwoods-Donalda, and Victoria Village rose to $1.1 million in the first six months of 2013, […]

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Business Awards of Excellence 2013

GTA Mortgage Experts We have been nominated at Mississauga Board of Trade for their Business Awards of Excellence this year as the Business of The Year. We are honoured to have been considered for this nomination, as it encourages us to continue striving to provide the excellent customer service and mortgage products/advice to our clients. […]

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Buying a House? Don’t Make These Mistakes

Kimberly Palmer First-time home buyers can get easily side-tracked by fixable “problems,” like an unappealing paint color, and they often overlook hidden costs of home ownership like maintenance expenses. Such rookie errors are hardly their own fault, since they lack the experience that comes with owning property over time. With low mortgage rates luring many […]

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Why you should lock in your mortgage

Financial Post Locking in your mortgage is almost like buying an insurance policy — it’s going to cost you money but will help you sleep at night. There’s little doubt you can do better with a variable-rate mortgage, tied to prime, than fixing your rate for five years or even 10 years, but the gains […]

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Know Your Credit Score

A credit score, or credit rating, is a number that lenders use to estimate risk and determine a person’s likelihood to default on a loan. The higher the score, the better. A good credit rating will not only help you qualify for a loan, but could also secure you a lower interest rate on that […]

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Condo construction beyond demographic needs?

First National By a wide margin real estate watchers say the Canadian market is in the midst of or has already come in for a soft landing. The trends are not bearing out the gloomy projections that called for a 25% – 30% correction in housing prices. But (and there’s always a but) concerns continue […]

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How to Find the Right Mortgage

GTA Mortgage Experts With the wide variety of mortgage options available today, finding the right mortgage can be a daunting task. But choosing the right one can save you thousands of dollars. Start by understanding your options. Learn about fixed and adjustable rate mortgages, and speak to a mortgage broker to gain a clear picture […]

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