If you look at the most stressful events in a person’s life, buying a home is on the top ten list. After all, it’s a big decision – both emotionally and financially. Many home buyers go through an anxious period after they’ve arranged for their mortgage and get ready to move into their new [...]
Archive for the ‘Mortgage’ Category
The Real Cost of your Cash-back Mortgage Option
March 7th, 2010 
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Mortgage Plain-talk: What’s the Difference Between “amortization” and “term”?
March 5th, 2010 admin There are many stresses associated with home buying – both financial and emotional. And frankly speaking, it doesn’t help that the process comes with its very own foreign language. While your mortgage broker can help de-mystify these terms, it helps to have a bit of a primer on what some of these terms mean. [...]
Cabin Fever? Mortgaging for Recreation Properties
March 3rd, 2010 admin All across Canada we’re seeing the recreational property market continue to go through the cedarshingled roof. Industry experts predict another year in which buyers seeking a property may outnumber the recreational properties available. The boomers are in their peak income years and have benefited from an unprecedented climb in the valuations on their primary [...]
What Is A Reverse Mortgage?
February 14th, 2010 admin You may have heard your friends and family talking about reverse mortgages. There’s also been a lot of television commercials offering information about reverse mortgages and reverse mortgage companies. Yet with all of this talk going on about FHA insured reverse mortgages and what they mean to you, what exactly is a reverse mortgage?
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What Lenders Look For: Good Credit Improves your Mortgage Negotiations
February 6th, 2010 admin Contrary to what you may think, you don’t manage your credit applications and payments in a vacuum. Your credit behavior (as some have learned the hard way) is tracked by credit bureaus such as Equifax Canada and TransUnion of Canada.
This information is tabulated, and then you are assigned a credit rating. It’s important [...]
