Renting Vs Buying. What is right for me?
Renting VS Buying. The Great Debate. Renting vs Buying. Can we equate apples and oranges? I love the viewpoints on this topic. And have always found it so interesting [...]
24
11, 2022
24
11, 2022
What are Mortgage Pre-Payment Privileges?
Mortgage Pre-Payment Privileges allow you to pay down the principle of your mortgage penalty free! Â Every lender is different. Â Some lenders have "cheaper" rate options, but only allow 5-10% privilege annually. Â Standard pre-payment privileges range from 15-30% annually. Â This may [...]
24
11, 2022
What Makes Up Your Credit Score?
What Makes Up Your Credit Score? The algorithm for calculating your Equifax / Transunion Credit Score can be rather mind boggling. Â However, it's actually quite simple what impacts your beacon, and why. Â Below are the 5 key components of [...]
24
11, 2022
What is a Bona Fide Sales Clause
A bona–fide sale clause is a contract restriction that forces you to stay with lender until the term is up, unless you sell the property non-arms length.  Even then, the penalty when you break the mortgage early if you sell [...]
27
01, 2022
Why don’t I just borrow money for my renovation from a separate source?
You can and more then welcome too. Â However the benefit of the Purchase Plus Improvements mortgage is you get an incredibly low mortgage rate PLUS a low renovation loan "All in One". Â You will not find any Home equity, Â line [...]
27
01, 2022
Why is the purchase plus improvements mortgage rate lower then typical?
Good Question. Because of our buying power as a licensed Mortgage Broker through the super broker network Verico Finex Lending. We are offered very low interest rates. But on top of that, in order to earn your business for your [...]
7
10, 2021
Insured Vs Uninsured Mortgage Rates. Whats the Difference?
Insured Vs Uninsured Mortgage Rates. Whats the Difference? The internet is a fantastic shopping tool. Â Allowing us to source the most competitive and affordable products needed. Â Yet, searching for a mortgage rate has never been so complicated with all [...]
3
08, 2021
Mortgage Penalty Calculators
The most accurate way to calculate a mortgage payout penalty. Click on your bank to calculate the penalty to break your mortgage early. [...]
3
08, 2021
Interest Rate Differential (Mortgage IRD) Explanation
Interest Rate Differential (Mortgage IRD). What is it? The interest rate differential is calculation method lenders will use to break your mortgage early if needed. Simply put, depending on how far you are in the term of your product, they [...]
15
01, 2021
How much are Mortgage Broker Fees?
Mortgage Broker Fees are not complicated. Â The simple answer is: Â Nothing! Zero! Ziltch! Â A mortgage broker does not charge a fee for their service. We are simply paid a commission from lender we both agree is the best fit for [...]
