Author: Dan

Even if you are the most organized and detail oriented first-time homebuyer you can still overlook some unexpected costs that are a part of the purchase of a new home. I've highlighted four of the costs that I most commonly hear by FTHB's with the goal...

Plainly put - A collateral mortgage is one way of registering your mortgage on title. Usually this type of registration is used by banks and credit unions. Most monoline lenders on the other hand will rarely register your mortgage as a collateral charge What is a...

What is Mortgage insurance? Mortgage default insurance protects lenders in the event a borrower ever stopped making payments and defaulted on their mortgage loan. It is is mandatory in Canada for down payments between 5% (the minimum in Canada) and 19.99%. When you put less than 20% down, you’re...

Congratulations, you've just finished the mortgage process, removed subjects, and are now preparing for your meeting with the Notary to complete your new purchase. This is a time for celebration, not panic. A good Broker will prepare you for the added costs associated with purchasing...

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