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The Smaller The Better

December 8, 2014

When it comes to home buying, buyers have to consider different factors in choosing a home. It is common for people to face expenses other than their mortgage payments such as heating, electricity, insurance, and property taxes.  Experts recommend home buyers go for smaller homes – the smaller the home, the cheaper it is. 1. […]

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Baby Boomers – No Plans to Downsize

May 24, 2013

A recent study shows that nearly half of the baby boomers from 1947-1966 are planning to move from their current residence to another of equal or larger size than their current home. With this happening, smaller, single-sized family homes are creating an over-supply. This study also involves more than half of Generation Y. They have […]

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Go Variable or Go Fixed

May 23, 2013

Home owners nowadays tend to choose a fixed-rate mortgage since rates are at a remarkable all time low!  Even though the prime rate lowered during the financial crisis in 2007-2009 and has not gone up since, the popularity of a variable-rate mortgage hasn’t gone up because of the low fixed-rates in today’s market. The great […]

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Making a Smart Real Estate Purchase

May 22, 2013

Every now and then people tell you stories on how they overpaid for a house, never ordered an inspection only to find that they incur huge unexpected expenses. Here are a few tips from a professional’s point of view to reduce the chances of any of this happening to you. Stick to the budget! When […]

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Looking To Upgrade To A New Home

March 8, 2013

Many young couples presently renting or living in a condo are now looking to upgrade themselves by buying a home, because mortgages rates being so low and affordable. Maple Leaf Mortgages is finding that many young couples are eager to move out of their condos or apartments and purchase a home since they are starting […]

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Real Estate Market for 2013 is Looking Up

March 6, 2013

The Federal government is being targeted by the mortgage brokers’ organization stating that the new law that was passed in the summer of 2012 makes it difficult for clients to be eligible for an insured mortgage. People who are involved in the housing market knew that things would eventually slow down, as has happened in […]

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Private Mortgage Loans

November 28, 2012

Private mortgage loans are primarily for people who have a challenging credit score and in desperate need of quick money. Borrowing from private lenders is a great way to consolidate debts, get rid of high monthly payments and to increase credit scores. Private mortgage borrowers are sometimes faced with power of sale. A major factor […]

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What Is A Second Mortgage?

November 28, 2012

Second mortgages or “Home Equity Loans” are mortgages that are registered after your primary mortgage. Borrowers would have to make payments for both their mortgages, simultaneously. Second mortgages are a popular alternative for refinancing to consolidate debts. The borrower can avoid the higher payments by arranging for a second mortgage which would reduce monthly payments […]

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Toronto Condo Prices Projected to Rise

November 28, 2012

Canada’s largest city, Toronto, tops the list for most expensive city in Canada and condo prices are only expected to rise in 2013. Reports state that the surging population growth in the bustling metropolis will stimulate the demand for small, compact dwellings in the heart of the city. Already the surging demand for condos and […]

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The Mortgage Industry Changes And How A Mortgage Broker Can Help

October 16, 2012

Recent rule changes to high-ratio mortgage means that mortgages requiring CMHC and GE Insurance, makes it more difficult for individuals to qualify for a mortgage. To view the new rules under The Canadian Mortgage and Housing Corporation (CMHC), go to www.investopedia.com for the Canadian Mortgage and Housing Corporation (CMHC) Definition. As of July 2012, CMHC […]

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