Finding the Best and Right Mortgage Loans
The home mortgage might be biggest personal financial commitment of a borrower in his or her lifetime. Hence, it becomes very important to choose the right kind of home mortgage to save money as well as save from headaches which might crop up in the future. Mortgage is a kind of a pledge [...]
Cabin Fever? Mortgaging for Recreation Properties
All across Canada we’re seeing the recreational property market continue to go through the cedarshingled roof. Industry experts predict another year in which buyers seeking a property may outnumber the recreational properties available. The boomers are in their peak income years and have benefited from an unprecedented climb in the valuations on their primary homes. [...]
Accreditaion for Mortgage Brokers
Mortgage brokers are blossoming in the current environment and are gaining an increasing share of the mortgage market. This is great news because you should consult with a mortgage professional when you’re making one of the most important financial decisions of your life. But, keep in mind, that not all mortgage brokers have the same [...]
What Lenders Look For: Good Credit Improves your Mortgage Negotiations
Contrary to what you may think, you don’t manage your credit applications and payments in a vacuum. Your credit behavior (as some have learned the hard way) is tracked by credit bureaus such as Equifax Canada and TransUnion of Canada.
This information is tabulated, and then you are assigned a credit rating. It’s important for [...]
The Real Cost of your Cash-back Mortgage Option
If you look at the most stressful events in a person’s life, buying a home is on the top ten list. After all, it’s a big decision – both emotionally and financially. Many home buyers go through an anxious period after they’ve arranged for their mortgage and get ready to move into their new home. [...]
Homeowners are Taking Out Mortgages – not to Purchase a Home – But to Boost Their Purchasing Power
Real estate has been an outstanding investment in most parts of Canada in the past few years. Home valuations are continuing to rise and have broken through the peak of their 1989 “bubble” in many areas of the country. That’s good news for Canada’s 7.5 million home owners, who are enjoying an average increase of [...]
How to Generate Purchase Mortgage Leads Using Free Reports
How to Generate Purchase Mortgage Leads Using Free Reports
Over the last few months, one question I’m often asked is…”How can I attract purchase money prospects without involving local Realtors/Agents in the referrals process.” Let’s face it, as mortgage rates move around and the refinance applications continue to decline, a solid system for generating purchase leads [...]