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News

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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Real Estate – Is it a worthy investment?

January 5, 2012

History dictates that investing in real estate has been one of the best investments.  For some, real estate has earned them more capital without the risk that some other investments pose.   Financial institutions and private lenders will lend money for the purchase of real estate because they understand that the likelyhood of their investment failing is minimal.    Here’s why investing in real […]

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Variable rate vs. Fixed rate mortgages

May 19, 2011

In determining whether you should go with a variable rate vs. fixed rate mortgage how do you decide….. Yes, let’s flip that coin, VARIABLE vs. FIXED… the best Variable Rates are prime (3.00%) minus .80%, which means your payment is at a rate of 2.20%. Sounds great and it is, for qualified candidates. News just […]

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Facts about HST

August 24, 2010

Starts July 1, 2010 HST is 13% = 5% GST + 8% Provincial Sales Tax No HST on residential re-sale transactions except for tax on commission payable by the seller on closings after July 1st (see below) No HST on residential rents HST on commission payable by the seller on sales (re-sale transactions) being completed […]

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Spring is in the air

May 5, 2010

Spring is in the air.  Thoughts turn to outdoors; walks, spring cleaning and fixing those things around the house that need fixing. Many mortgage brokers don’t listen to their clients.  They just do things, without any regard for how their mortgage advice or mortgage given to the client will affect them in the future.  Maple […]

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Reflection on the year 2009

December 6, 2009

Looking back on the year 2009 does not resonate with thoughts of optimism.  This year has been one of recession, reflection and rebound.  The three “R”s as we see it.  The year started off with sounds of doom and gloom for businesses, governments and consumers alike. Since the last recession in 1991/1992, we have been […]

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