As mortgage professionals with 25 years experience, we see it all. In the present economy we are seeing more and more people selling their homes, not because they want to, but because they ‘believe’ they have to. If you have approached your bank and have been turned down and put your home on the market, […]

Buying a place for your children is a good alternative to paing thousands of dollars towards residence fees or rent. Here’s the math. Rent $500/month=$6,000 a year=$24,000 over 4 years of school. This money could go towards a mortgage instead as an investment for you, as opposed to paying the landlord’s mortgage. We have owned […]

Last weekend Don Cherry, our celebrity spokesperson, was stolen from our front door on Tower street. Thieves actually cut the wires that held the life size poster of Don. People have called to ask where this most recognizable celebrity has gone. Who could do this dastardly deed? Kids are crying, Women are wondering and men […]

The cornerstone of all relationships is truthful communication, especially when it comes to finances. Despite the fact that an overwhelming majority of Canadiands agree that a couple getting married needs to share financial information and goals, a surprising number of newlyweds do so. Less than half have discussed key financial matters prior to marriage, including […]

As mortgage professionals with 25 years experience, we see it all. In the present economy we are seeing more and more people selling their homes, not because they want to, but because they ‘believe’ they have to. If you have approached your bank and have been turned down and put your home on the market, you […]

When people refinance, a penalty is incurred. The bank’s method to avoid having the customer pay ‘out of pocket’ for the penalty is to ‘blend’ the old with the new rate. That is if they stay with the same bank. Remember the bank will not tell how they came up with the blended rate, you […]

The interest rate picture is once again looking good.The Bank of Canada did not increase prime, and in fact they may not until next year. Main reason being, our heady loony will soar if the spread between Canadian and U.S.A. prime grows further, hurting exports further when economic growth for the second half of this […]

This was the title of a recent article in the Financial Post by a financial author(presumably some kind of expert)who described how she saved thousands by going from bank to bank negotiating for the best deal she could get. Her story began over 10 years ago when she bought her first house. She went to […]

Who said doctors do not make house calls anymore? Last week a doctor called us for a mortgage. Over the years we have provided mortgage solutions for many professionals:Teachers, Nurses, Police, Firefighters, Project Managers, Engineers, major Business Owners etc., but nothing says ‘you have arrived’ like a doctor wanting us to arrange a mortgage for […]

Lines of credit(LOC) are popular products pushed by the banks because they can earn better interest for the bank than variable rate mortgages and human nature being what it is, people have difficulty paying them down. Most new clients are unaware their LOC may be secured against their home as a  mortgage. The positive side […]