Understanding Basic Mortgage Terms

February 27, 2020By adminBlog

Buying a home is a big investment. With so much at stake, it’s important learn what you can about the home buying process as well as understanding the “language” of mortgage lending. So, to help you better understand what you’re getting into, here is a short list of common mortgage terms to increase your knowledge.  … Read More

The 5 C’s of Credit

November 16, 2016By adminBlog

When applying for a mortgage, it is common knowledge that you want to have good credit. But what does that entail? Below is a quick summary of what and how a financial institution examines your credit worthiness. It is separated into 5 categories, known as The 5 C’s of Credit! 1) Credit – The main … Read More

What it Means When Prime Rate Changes

November 7, 2016By adminBlog

With the recent increase that TD has made to their Prime rate, it leaves a lot of mortgage holders with a variable rate questioning what this means to them. Let me tell you. First, it is only TD that has recently changed their Prime rate from 2.7% to 2.85% – so far anyway. Typically once … Read More

Home Inspections

September 29, 2016By adminBlog

What are their purpose and why are they important? The purpose of a home inspection is to reveal any defects or flaws that a property has, so that potential buyers can make an informed decision and avoid costly surprises down the road. During an inspection, the inspector will investigate every room in the home to … Read More

Appraisals: What are they and Why do you need them?

July 21, 2016By adminBlog

1) What is their purpose? A home appraisal determines the professional opinion of a property’s true market value, whether it’s a house, condominium or vacant land. Typically, appraisals are used to assist in the decision making process of purchasing, selling or refinancing a home. 2) Why are they important to have? An appraisal helps a … Read More

How to Use Prepayments to Be Mortgage Free, Faster!

May 26, 2016By adminBlog

Using your mortgage prepayment options can drastically reduce the total amount you spend on your mortgage and shorten the time it takes to pay it down.. If you follow these three steps, you can be mortgage free sooner than ever! 1. Know your prepayment privileges Most mortgages have allowances for you to prepay down your … Read More

5 Ways to Damage Your Credit Score

May 10, 2016By adminBlog

1) Making Late Payments In general, your payment history has the strongest impact on your credit score. About 35 percent of your Equifax Credit Score, for example, is based on your payment history. That means that any late payments – whether on your credit cards, an auto loan, your mortgage, or another credit account – … Read More

Our 2016 Pledge To You

February 1, 2016By adminBlog

For most people, the purchase of a home is the single largest financial investment they will make. This means that the process can be very stressful without the right support. As a consumer, you have a lot of options when it comes to selecting the right team of real estate and mortgage professionals.  Surrounding yourself … Read More

The best gift for your Holidays? Keep your credit history in shape!

December 11, 2015By adminBlog

Winter has already hit Canada, and we are approaching the Holidays very quickly.  With Holidays come the purchasing of presents and quite often credit utilization. As credit history is one of several main components of a qualifying for a mortgage, budgeting for the Holidays and, furthermore, not maxing out your credit can avoid negative surprises in … Read More

DIY Christmas Wreath Tutorial

December 4, 2015By adminBlog

With the holiday season upon us we wanted to show you that we’re not just trying to save you money on your mortgage but on Christmas decor as well.  We chose Chris to do the tutorial with zero craft experience and we hope you enjoy the video, it’s worth a watch. Make sure you stay … Read More