Renewal:Your mortgage amortization years are divided into 1-2-3-4-5 and even 10 years term at a time, enabling your lender to adjust interest rate to current market conditions and or simply reclaim the loan from you … Read More
What is HELOC?
In its simplest form, a HELOC works somewhat like a credit card. You can borrow money up to a certain credit limit set by your lender and then pay back the borrowed amounts along with … Read More
When is a good time to get into the market?
When it comes to real estate, one of the most common questions is: when is the best time to buy? The typical response is the best time to buy was yesterday and the second best … Read More
Mortgage qualifying
Do you know whether you qualify for a mortgage and, if you do, do you know how much you can afford? Before you can even begin to think about buying a home, you should answer … Read More
Fixed or Variable rate mortgage, that is the question
What will fit you Spring has arrived and we’re starting to get a better sense of the real estate market in Canada this year. Sales and listings have been on the decline, but we’re still … Read More
Waive mortgage conditions? Not so fast!
recaalberta / 2 hours ago Real estate professionals often ask why mortgage professionals seem reluctant to provide them with a letter confirming that their clients’ financing conditions have been met and they can waive conditions. They are … Read More
What stress test of your mortgage means?
First look at a scenario now: SYour current mortgage is a five-year fixed-rate term. Your rate is probably at or below 3%. Let’s use 2.89%, as many of my clients were averaging this rate back … Read More
First time Home Buyers and RRSP planning
I hope all is well and that you’re having a great start to 2019. Thank goodness we are hopefully past the worst of the cold. I just wanted to reach out to you as you … Read More
CHIP aka Reversed Mortgages
A letter to me from the Regional Manager of Home Equity! Read all very carefully and if you think you can benefit from my services, please call or email and I will be more than … Read More
Mortgagepro is your best bet to get a mortgage approval where others fail
MortgagePRO Ltd. is a mortgage brokerage providing mortgages for a large spectrum of clientele across Canada since the turn of the century. One would ask, so what, there are other brokerage doing this for ever, … Read More