The short answer, yes. Making bi-weekly payments on your mortgage will absolutely cut your interest costs and shorten the length of time it takes to pay off your mortgage. But accelerated bi-weekly payments can significantly reduce costs even more. How does it all work? There are 12 months per year and 26 two week periods … Read More
Connerton’s Corner
Why Use a Mortgage Broker instead of the Bank?
Mortgage Brokers work for YOU, not the lender. Mortgage financing that best suits your individual needs. By not being affiliated with any one lender, we give the client options by having access to numerous lenders. We are available to meet with clients based on their schedule. We educate you through the mortgage process. We are … Read More
Two Rules of Thumb When Considering Purchasing Income Property
In the world of purchasing income producing properties, looking at financial statements can be a daunting task. Here are 2 rules to consider whether a property could be profitable for you…simple guidelines to consider when deciding to purchase or not. 1. The 1% Rule When purchasing a property for investment purposes, it requires a thorough … Read More
Commercial Mortgage Basics
A commercial mortgage is a loan made using real estate collateral to secure payment. It is a mortgage that a company or individual can use to purchase a property either for their own use or lease to a third party. The following are some basics you should know before entering into the commercial loan process. … Read More
Thinking of Building? – Construction Loan Tips
Building a home is a complex process that involves multiple professionals including builders, lawyers, appraisers and lenders. To make sure this all goes smoothly, you want to find a mortgage broker who understands the construction process as well as the complexity of the mortgage procedure. Required Documentation for Construction Mortgage: -Â Â Â Â Â Â Â Â Â Copies of all quotes … Read More
5 Steps to Home Ownership
Buying a home is the most important purchase you will make and should not be entered into lightly. Whether you are a first time buyer or have purchased homes in the past, these steps are beneficial in the home buying process. Step 1: Contact a Mortgage Broker A mortgage broker will guide you through the … Read More
10 Commandments of Mortgage Lending
10 Steps to Help Avoid Disaster During the Mortgage Process Thou Shall Not   Change Jobs or Become Self Employed Thou Shall Not    Buy a Car, Truck or Van unless you plan to live in it Thou Shall Not    Use your Credit Cards or let you Payments fall behind Thou Shall Not  … Read More