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Beware of Hidden Closing costs!

Everything you need to know about closing costs. When you’re shopping for a home never assume that the price of a property or the simple down payment is what you’ll need to close, there are many other costs to consider. Common Closing Costs: Appraisal Land Transfer Tax Title Insurance Legal Fees Lender Fees Brokerage Fees Property Tax […]

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Energy-Efficient Advantage — 💲1000’s in rebates

Little Known fact –  Get $1000’s in Rebates for Energy-Efficient Homes. CMHC, Canada Guaranty, and Genworth all offer partial Mortgage Loan Insurance Rebate of 15% or 25% to borrowers who buy energy efficient homes! A Buyer, who acquires an energy-efficient home will receive a 15% or 25% reimbursement of mortgage insurance premiums as part of […]

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Mortgage growth is slowing, but home equity loans are ticking up at twice the pace, says CMHC

New mortgage loans down 7.7% from last year TORONTO — The Canada Mortgage and Housing Corporation says the country’s mortgage debt increased at a slower pace in the last quarter of 2017 compared to the year before. The Crown corporation attributes the slowdown to rising interest rates and decreasing home sales. In its quarterly mortgage […]

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What is Reverse mortgage 🤔❓

Is Reverse Mortgage a Solution if you retire cash-poor? Reverse mortgages have never been this popular in Canada.  As a wave of baby boomers crosses the work-life finish line, those who are feeling house-rich and cash-poor, Reverse Mortgage might seem like a good financial alternative. The basic idea of a reverse mortgage is simple. Instead of making payments to build up equity […]

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What you need to know about Private Mortgages!

CAN’T QUALIFY FOR A BANK MORTGAGE? Not everyone can qualify for bank mortgages today. With the mortgage rules constantly changing, private or alternative mortgages are becoming the only way some people can refinance or buy. HOW DO PRIVATE MORTGAGES WORK? Private mortgages are short-term, interest-only loans, ranging in length from 1 to 3 yrs. Private […]

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Need a Low-Interest Private Mortgage?

CAN’T QUALIFY FOR A MORTGAGE? Private or Alternative Mortgages are becoming the only way some people can refinance or buy. NOT ALL PRIVATE LENDERS ARE THE SAME – we shop over 100 private lenders to secure the best rates. If any of these situations apply to you: Then we can help! We offer Private Mortgages […]

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Latest Interest Rate Update!

The odds of the Bank of Canada hiking rates on July 11 just shot back up to 70%! The Canadian dollar was climbing yesterday, Thursday, as bets on a rate hike rose. Investors are raising bets the Bank of Canada will move ahead with an interest rate hike next month, after Governor Stephen Poloz reiterated […]

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