LIVING PAYCHECK TO PAYCHECK?Well you are not alone. In fact over 30% of Canadians are struggling, big time, according to a Rainy Day Survey by BMO. We see it all the time in our business and suspect that reality is more like 40 to 50 per cent. 27 % have savings that would last only […]

  First time home buyers are such easy prey for the banks. They know so little and if the bank can put them in a mortgage that keeps them in debt, they have done their job. Maximizing profits on the little guy is what the banks are all about. One of their favourite products to […]

By Tracy Luciani PriceIf we save one homeowner from this dangerous practice, we have done our job. No one should paying their mortgage weekly. We can`t believe the number of new clients who tell us the bank told them to increase the frequency of the mortgage, so they will pay their mortgage down quicker. That’s […]

Nothing beats The Personal TouchAs of late, we have been asking clients why they decided to deal with us. We thought people would answer things like well you got us the best rate which, of course, we always do. But the answers even surprised us. New clients told us, they liked the, ’personal touch’. That […]

CREDIT IS KING NOW! Never before has credit been so important. With the new government rules for a 600 beacon score, people applying for mortgages now need to extra vigilant about their credit. This is especially true if you are thinking of downsizing due to debt load. Lenders, who at one time couldn’t really care […]

Amanda and Jerry wanted to buy their first home. They had been turned down at the bank and told their credit score was not acceptable without any further explanation. They came to us to see if we could help.We went over their credit report with them in detail and discovered that there was a delinquent […]

FIXED RATE MORTGAGE PENALTIES:                                                                         How the Big Banks Have You Hook, Line and Sinker  For most homeowners, figuring out your mortgage penalty can be like solving a Rubik’s Cube. Mortgage penalties are written with so much ‘legalese’, they are totally confusing. The sad fact is that you don’t realize how costly it can be to break your mortgage until […]

  Total Confusion.  That’s the way Jules, a single mom from Fergus described her financial life.  She has a good job with the government making 60 k a year.   Three years ago,  Jules took out a tiny mortgage of 100 k with one of the major banks when her marriage broke down.  Later,  the bank rolled out a big line of credit for 30k and a […]

LET’S GET REAL ABOUT THE PROSPECT OF A REAL ESTATE ‘CRASH’  “It seems a day doesn’t go by without the media hyping the suggestion that the housing market is going to crash” says Andy Charles of Canada Guaranty, a private mortgage insurer that competes with CMHC.  A Chicago based credit rating agency, Fitch Ratings last week […]

ANOTHER BANK ‘HORROR’ STORY TURNED GOOD We recently had new clients come in who had sold their home firm and purchased another based on a bank pre-approval. Initially they were assured “No Problem” by the bank and all seemed fine until they realized the bank was taking too long to get them an approval for […]