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Building your dream home can be exciting but comes with it’s own set of financial challenges. Qualifying for a Construction Loan to build a new home is very different than qualifying to buy an existing home. Banks have strict guidelines when it comes to financing the construction of your custom home, including time-lines for the…Read More
We have a lot of people asking us , “Why won’t the bank lend me 80% of the value of my home”. The truth is, when it comes to lending on higher value homes, from a lender’s perspective, bigger isn’t always better. The bank considers that it is a higher risk to lend on…Read More
What are bridge loans ? Bridge loans are short-term loans that clients use when they have two different closing dates for the sale of their existing home and the purchase of their new home. Bridge loans are becoming increasingly popular as people prefer to have a few days to a few weeks to move or…Read More
While providing mortgage solutions for my clients over the past 12 years, I’ve had the opportunity to deal with the Canada Revenue Agency on several occasions. It seems that lately I’ve been dealing with them more than I’d like to. I mostly deal with them on behalf of my clients if there is an outstanding…Read More
It surprises me see the lack of interest people have when it comes to their mortgage, especially when it comes to how mortgage penalties are calculated. Part of the problem is that the person who set up the mortgage to begin with didn’t think it was important. They don’t take the time because they will…Read More
I’m shocked at times to hear all the reasons why people don’t take the time to review their options when it comes to renewing their mortgage. I get the feeling that people spend more time trying to find a deal on everything else they purchase but spend little or no time reviewing options for the…Read More
The importance of your credit score and how a small $50 charge cost this client thousands of dollars!
Recently I was faced with some very unfortunate circumstances pertaining to a great client with a not-so-great scenario when it came to obtaining his mortgage.There was no reason for it – the client paid everything on time, had great income and would have qualified for the best rates had it not been for this one…Read More
As the new school year begins, I just wanted to take the time to wish parents and their children a happy, safe and successful new school year. You can view a few tips by clicking here that might make “back to school” a little less overwhelming and more organized. Boating in Mala Luka, Croatia 2015 …Read More
I just got off the phone with a potential client. This type of conversation happens way too often and I think it is time I set the record straight. The conversation basically went like this. “Oh, well my credit is good so why would I use a broker when I can go to my bank?”…Read More