Borrowers who may not fit the rigid restrictions of traditional lending institutions may find that a home equity loan is the best way to secure financing for purchasing additional property, refinancing, or consolidation of debts. Chances are the value of your home has increased since you bought it. A home equity loan can get you […]

What is foreclosure? -It is a legal process for a mortgagee (lender) to sell, or take ownership of, a property when the owner defaults on the mortgage. In other words, the homeowner entered into a contractual agreement in order to buy the property but has not been able to meet the promises made under the […]

Why is it for first-time homebuyers only?  For many Canadians, especially young people and first-time buyers, finding an affordable place to call home is not just a challenge – it feels like an impossibility. There aren’t enough houses for people to buy, or apartments for people to rent. That makes finding a good place to […]

Foreclosure is the legal steps that a lender takes to recover arrears and principal on mortgage loan that is in default. Our Lending Partners are specialized and will help take steps that can stop the mortgage foreclosure from proceeding. The first step is to contact us for more direction. We will do a fast analysis of the foreclosure […]

The Federal Government’s First-Time Home Buyer Incentive will launch on September 2, days before an expected fall election call. The new program was announced in the federal budget in March of 2019, but some of the key details about how the program would work were left out. Below are the details we know so far […]

Know your options. Beat the Banks. March 27th, 2019 – Recent interest rate drops! Check us out for your Renewal, Purchase or Refinance mortgage! Here are the latest available rates- 1yr fixed 3.79% 2yr fixed 3.64% 3yr fixed 3.59% 4yr fixed 3.39% 5yr fixed 3.19% 5yr variable – P-1.10% (2.85%) 7yr fixed – 4.14% 10yr […]

If you are a first-time home buyer in Canada, with some RRSP`s saved, you may be able to use them as a down-payment to purchase Canadian property. Here are some rules to know. Maximum withdrawal First-time home buyers in Canada can borrow up to $25,000 of RRSP money tax-free to purchase a home, including shares […]

PRIVATE MORTGAGE LENDING Mortgages represent one of most common investments in the world – by banks and institutional lenders. Banks like mortgage investing for the same reasons that you probably will. -Good return on investment. -Relatively lower risk than many alternatives. -Private mortgage lending investments are also RRSP-eligible. Generally, most private mortgages are considered “equity” mortgages, […]

Maintaining good credit – There`s more to it than you think. Read below as you will likely learn something new. The information can apply to anyone – First-time home buyers to existing homeowners looking to refinance. A person`s credit history is stored in a database called a Credit Bureau. Credit Bureaus are privately run companies […]

There are generally two ways to get a mortgage in Canada: From a bank, or from a licensed mortgage professional. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, and trust companies … offering their clients more choice, […]