Feeling pushed into a fixed rate ?
Oct 21st
Canadian banks are trying to convince consumers to lock in their mortgage rates because more than 20 per cent of the home loans they have negotiated have become unprofitable, according to industry sources. The push has come after the banks cut the discount they offered to consumers with variable rate products More >
What is new and different about a Tax deductible Mortgage?
Sep 12th
I wouldn’t say its “new” but these techniques have only been used to make the rich, richer. It is a method of designing your finances that extends the remarkable benefits of debt conversion to almost anyone with a mortgage. Wealthier Canadians commonly employ expensive tax accountants and tax lawyers to More >
Hey Michael, I’m shopping for a mortgage, am I not just looking for the lowest rate ?
Sep 12th
~Yes and No, of course rate is a key component, but sometimes a mortgage can be compounded differently to work against your rate. If we all wanted the lowest rate, wouldn’t we all just get the exact same mortgage? What I’m trying to get at is, there’s much more to More >
What can I do to maintain a high credit score?
Sep 12th
This is a GREAT question, your credit score can also be referred to as your Beacon Score or a Fico Score
Your “Credit Score” is not just based on the usual approach of making the payments on time. In fact, many of us know how we lose points with late payments, surpassing More >
How important is Credit Score when qualifying for a mortgage?
Sep 12th
~Credit Score also known as Beacon Score is definitely one of the key components when qualifying for a mortgage. It can help determine how much the down payment needs to be. It can also determine what sort of product can be applied. Most of all, it can be used as More >
