Five points to consider before you list your home

31st July 2017

 There are several things to consider before you take the plunge and put your home up for sale. This might sound obvious, but the first step is to call your mortgage broker, not your lender directly or your realtor. You don’t have to look long for an unfortunate story of someone who didn’t understand their […]

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Reverse Mortgages – Maybe not as evil as you thought

26th July 2017

 The best part of writing about mortgages is that I get the chance to educate people about a topic which I find endlessly interesting. Reverse mortgages are certainly a topic which deserves some consideration. Everyone seems to be quite polarized over this issue so it seems it is past time we took a closer look. […]

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Outside the box

25th July 2017

 From the pages of the summer edition of Dominion Lending Centres’ Our House Magazine. For most Canadians, a home comes in just a few different varieties. It’s either a single-family wood frame house, townhome, condo or high-rise. In the quest to find less expensive housing, alternatives to the conventional home were bound to get serious […]

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Time to Be Heard Canada

25th July 2017

 I met with a client recently who wanted to get a pre-approval before he sold his home. His neighbour is a very grouchy man who causes my client and his family a lot of stress. He just wanted to sell his home and move into a new one away from this situation. I had to […]

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5 reasons the bank may turn you down for a mortgage

24th July 2017

 Mortgage rules have become stricter over the past few years. Assuming you have a down payment, good credit and a good job, what could prevent you from obtaining financing for a home purchase? Below are five less obvious reasons a bank may turn you down: It’s not you, it’s the building Hate to be the […]

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Debt-To-Income: a Meaningless Metric

20th July 2017

 The human brain struggles with distinguishing between a real or imagined threat. Is it a snake? Or just a shoelace? One may kill us quick, and so we react fast and think it through later… or maybe never. Is the often cited, rarely critiqued, ‘debt-to-income’ ratio a snake or a shoelace? A killer lying in […]

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Home to a Hero

18th July 2017

    From the pages of the summer edition of Dominion Lending Centres’ Our House Magazine. How the humble house Terry Fox grew up in is becoming a Canadian landmark. The home at 3337 Morrill St. in Port Coquitlam B.C., is in a typical suburban setting, surrounded by green trees, well worn pavement and the […]

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How to shop for a mortgage

17th July 2017

 For many people, a home will be the largest purchase of their life. It stands to reason then, that when you are shopping around for your mortgage you will want to take certain steps to ensure you are getting the sharpest rate and best product. We have a few pointers to make you a savvy […]

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Top 3 Misconceptions about Reverse Mortgages in Canada

13th July 2017

 I recently read an article by Jamie Hopkins in Forbes magazine, entitled “Americans Don’t Even Know What Their Most Important Retirement Asset Is.” The article highlighted three common misconceptions about reverse mortgages and unsurprisingly, they are prevalent in Canada as well as in the U.S. Top 3 misconceptions about Reverse Mortgages: 1. The bank owns […]

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Bank of Canada Turns the Tide

12th July 2017

  For the first time in seven years, the Bank of Canada announced today that it was hiking its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic expansion this year. In a break from tradition, the Bank has […]

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Mortgage brokers are superheroes

12th July 2017

Mortgage brokers have a reputation as superheroes. Although we cannot leap tall buildings in a single bound we can do extraordinary things.  Is the down payment money coming from outside of Canada? I had a client who had a joint account with her father in Japan. She showed me bank statements with the money in […]

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