Each Office Independently Owned & Operated
Posted by: Tracy Luciani Price
With some pride when we do the initial analysis client announces I only have $120,000 mortgage. With a house worth $450,000, the client is almost giddy with excitement that their mortgage is almost gone. But hey wait a minute, with credit pulled the client also owes $90,000 on a line of credit and it’s maxed. […]
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For the first time in a long time, we are now encouraging Variable Rate Mortgages (VRMs) for clients that qualify. Fixed mortgage rates have increased by about 0.40% in the last 6 weeks. Today’s Fixed rate is hovering around 2.84% and just a few weeks ago, it was 2.44% and for a time it was […]
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We were very happy to hear this week, that finally, the youth of Ontario will be learning about financial literacy as part of their school curriculum. The details are yet to be rolled out, but it’s a step in the right direction. As it stands, we learn our financial habits primarily from our parents and […]
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Sometimes terrible things happen to wonderful people. Life has a funny way of throwing a curveball when we least expect it, and sometimes, unforeseen circumstances mean that incurring huge expenses and not being able to keep up with the payments. We see this scenario all too often. Recently, two sets of clients came to us […]
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Debt has now become a nightmare in the mortgage world. Prospective homeowners have to be very careful about the debt they accumulate because they could find themselves becoming eliminated from the housing market. The federal government recently changed the rules surrounding unsecured lines of credit, so now lenders must use 3% of the balance as […]
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How much more stress can we take as Canadians? Why hit homeowners and hope-to-be homeowners without adequate time to plan and adjust? Prior to October 17th, in order to qualify for a typical 5-year fixed rate mortgage amortized over 25 years, as long as you had a 5% down-payment, you could qualify at the rate […]
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30 year-old Antonio came to us, tired of being forced by landlords to move every year with his young family. He was paying rent of $1500 per month and with every move, the rent increased. He was struggling and hitting cash stores to help make ends meet. Unfortunately, although his income could support a new […]
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We can now say without question, that the Tipping Point has occurred. By definition, this is the point at which a series of incidents has become significant enough to cause a larger, widespread, more important change. Let us explain… When we first started this business 16 years ago in Mount Forest, we got all the […]
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Here is something you will never see written in an article about mortgages. Ron and I started our mortgage business 16 years ago with the value to always ‘do what’s right for the client’. It was humble beginnings for sure working from our home helping one client at a time. We faced and continue to […]
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An article in The Financial Post Saturday May 28th entitled, “THE FIXERS”, referred to the manipulation of the gold market worth trillions of dollars per year where bankers collude and conspire to manipulate the price of gold stock before they place buy and sell orders designed to maximize profit. Folks, we need to wake up […]
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