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Is It All About Rate? Most believe that it is. Many think that obtaining the lowest rate is essential to your real estate investment success. But keep in mind, rate is but one of the four main parts of any residential mortgage offer. Amount, term and amortization period are also critical factors. Each component is related to your...

There comes a time in everyone's life where they go from renter to homeowner. This is not an easy feat for most people, and one that should be taken seriously. But what do you know? You’ve never done this before. Therefore I thought I'd help...

January 1, 2017: OSFI imposed onerous capital requirements on default insurers, thus disadvantaging many bank competitors (and consumers) by jacking up rates substantially on low-ratio insured mortgages. November 30, 2016: New stress test regulations were extended to include insured mortgages with 20% equity or more. It...

Of all the things you can learn about money –the rule of 72 should be at the top of your list. The Rule of 72 is a shortcut to estimate the number of years required to double your money at a given annual rate of return. The...

Banks and Lenders growing concern about fraud has caused lending institutions to make their regulations on documentation for mortgage approval much more strict. At the beginning of the mortgage approval process, your mortgage broker will request documents from you, which show proof of your income, down payment and...

The first step to many when looking for a property is to go to their Bank or BROKER, and ask for a pre-approval. A pre-approval lets the buyer know how much he or she would be approved for by a Bank or lender based on their...

It's funny anytime you bring up real estate prices with your parents, and they tell you they bought their first home for $150,000 20 years ago. And look at them now.  Yes, it's true, homes are expensive, but the silver lining is that mortgage rates are at...

As of February 22nd, 2017 the land transfers tax exception increased its limit from $475,000 to $500,000 for First Time Home Buyers. I'm going to be honest, as much as this makes a great head headline on the front page of The Province, I question it's effectiveness....

With interest rates as low as they are, now is a great time to invest in revenue properties. Consider starting to buildi your revenue property portfolio or add to your existing list of properties. Make sure you're working with a mortgage professional that's an expert in this niche, and will provide...

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