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The Smith Manoeuvre

Debt is pretty much a given for most Canadians. But do you have the wrong kind of debt? The wealthy have debt too. The difference is that they turn their loans into “good debt” by making the interest tax-deductible with the help of accountants and lawyers. So, while the wealthy are transforming their house mortgage loans […]

How To Keep Your Credit Score Sparkling?

Give Your Credit Score a Super Boost!  When purchasing a home, your credit score plays a significant role in the interest rate you may qualify for. Not only that, but it also may determine if you are approved for a mortgage or declined.  It’s frustrating for you to go through the mortgage application process only […]

Banker Vs. Broker: Do You Know the Difference? 

Question for you: Did you work with a banker or a broker for your last mortgage?  We may have already done business together, and you may understand the difference between a banker and a broker. Even so, this might be worth a quick refresh in case you have a friend or family member who could […]

The Pitfalls Of Mortgage Portability

“Is my mortgage portable?” is a frequently asked question.  The answer is probably yes. “Is it easy to port my mortgage?” is a question that should be asked frequently but isn’t.  And the answer is probably not!  What Is Porting A Mortgage? When selling your existing home and buying something else, porting your mortgage involves transferring the […]

Co-Ownership

There’s lots of talk about co-ownership in Canada these days – it’s one way of resolving the challenges of affordable housing and getting more people into a position of owning a home (or at least a portion of a home). Here’s what you need to know about co-ownership and how it might affect you. Co-ownership […]

Winner Magazine 2022

I am excited to announce that I had the honour of being in Winner Magazine for their July issue. I did an exclusive interview with them on my exceptional mortgage broker services and award winning financing solutions. CLICK HERE to read the full article. As always, this couldn’t have been done without the continued support of all of […]

What Lenders Look For

Aside from your down payment, banks and lenders expect to see your complete financial profile when deciding whether or not to approve your mortgage and when selecting your interest rates. So, let’s break down exactly what they are looking at. When considering you as a borrower, lenders look at three main areas: credit, income and equity.Credit Credit is […]

Banks vs Mortgage Finance Companies

Do you know the difference between banks and mortgage finance companies?  Mortgage experts like us work with various lenders to maximize your loan options, including banks and mortgage finance companies (MFCs). It’s crucial that you know the difference between banks and MFCs, because your unique needs may be suited better to one or the other. […]

5 Common Mistakes

If there is one piece of advice I give out all the time, it’s to remind my clients that your mortgage pre-approval is conditional. It’s based on a snapshot of your current financial situation – so my job is to help you make that snapshot look as good as possible! A few things can get […]

Closing Costs

Before you purchase a home, you need to be aware of expenses that are over and above the selling price of your house.  These expenses are called closing costs, and they usually come in at around 1.5% – 2.5% of the total purchase price.  I want you to be prepared and not encounter any “surprises” […]