416-443-0300

Did You Get Your Mortgage From The Bank.

Watch this video…. it’s very funny. Banks tell you to do what serves their interests. The employee works for the bank, not for you. A Bank employee serves the purpose of their master…. the big bank. Their job is to net the bank as much interest on their money as is possible.  Be wise and […]

Share

Mortgage News Toronto

Mortgage  News  Toronto There has been a lot of talk lately about the changes being made to mortgage rules by the Office of the Superintendant of Financial Institutions Canada or OSFI. The largest concern was that upon renewal of the mortgage homeowners would have to requalify for their mortgage loan. This would have forced thousands […]

Share

Should Paying Off The Mortgage Wait?

There is never a downside to paying off your mortgage because it means interest saved which means thousands more dollars in your pocket, however if you recently received a gov’t. tax refund there may be other factors to consider.    If you take a $1400.00 tax refund and apply it to a typical mortgage at […]

Share

What Kind of Borrower Are You.

st1\:*{behavior:url(#ieooui) } <!– /* Font Definitions */ @font-face {font-family:SimSun; panose-1:2 1 6 0 3 1 1 1 1 1; mso-font-alt:宋体; mso-font-charset:134; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 680460288 22 0 262145 0;} @font-face {font-family:”\@SimSun”; panose-1:2 1 6 0 3 1 1 1 1 1; mso-font-charset:134; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 680460288 22 0 262145 0;} /* Style Definitions */ p.MsoNormal, […]

Share

The Death of Zero Down Mortgages In Canada

As of July 11th the Gov’t of Canada has tightened the rules on government backed mortgages.  There are five  major changes to the mortgage rules. 1/ No more Zero down. You will need a minimum of 5% downpayment to purchase a home. If you need to buy Zero Down you can still do so and must […]

Share
Optimization WordPress Plugins & Solutions by W3 EDGE