One cost that can be overlooked by home buyers is mortgage default insurance. So, what exactly is mortgage default insurance and why do you need it? If you’re buying an owner-occupied home with less than 20% down payment, you are required to purchase mortgage default insurance in order to arrange your financing.  When buying a […]

A couple minutes could save you thousands of dollars. If your mortgage is coming up for renewal in the next 6 months its a good idea to give us a call and we will send you some mortgage options.  We work with 35 Lenders, including the big banks and credit Unions. We also work with B lenders and […]

When signing your mortgage commitment letter you will have to choose your payment frequency. If your goal is to re-pay your mortgage as quickly as possible, then you need to understand how different payment options will affect your repayment schedule. So what are your options? Click to read more… Please give us a call if […]

Jul 5, 2016, 09:50 AM by Maria Broekhof Thank you First National for your insight. … It has been a full business week since the people of the United Kingdom voted to take their country out of the European Union. There was a lot of fear-mongering about the “Brexit” and initially some of the apocalyptic […]

So, you’ve worked hard to save every penny and have managed to finally afford the down payment necessary on a home. You have searched high and low, only to find the house of your dreams at a price you can afford. Though your credit rating is good and you have a stable job, there are […]

This is a realty for many people over the age of 55. Many people will go into retirement with a mortgage and some debt.  Chip Reverse Mortgages are a way for some seniors to access the equity they’ve accumulated in their home as tax-free cash. This product has been offered in Canada since 1986 and is governed […]

Crude oil prices are poised for their biggest monthly gain in seven years, hitting a new high for 2016, and as day follows night, the Canadian dollar is up sharply–just shy of 80 cents U.S. Today’s February GDP report was not as weak as expected following the blowout number in January, leaving Canada likely to […]

70% of Canadians own homes! The average Canadian credit score is 700!  78% of Barrie homes sell within 30 days! Average house price in Barrie has increased by 15% recently. Home values are expected to go up for the rest of this year and into next year. Unemployment is expected to remain low. The government […]

Despite headline-grabbing stories about million-dollar houses pushing home ownership out of reach in Canada’s large cities, there’s still plenty of opportunity for first-time buyers in certain segments of the Canadian real estate market, says Dominion Lending Centres Chief Economist Sherry Cooper. Single-family home prices have been surging in cities like Toronto and Vancouver, but that’s […]

The true cost of mortgage penalties is a common concern and complaint among homeowners so it seems reasonable to review it once again.  Due to the sometimes complex calculations the banks use to determine this amount – consumers have been left in the dark when trying to make a decision on whether the cost of […]