Watch this video…. it’s very funny. Banks tell you to do what serves their interests. The employee works for the bank, not for you. A Bank employee serves the purpose of their master…. the big bank. Their job is to net the bank as much interest on their money as is possible. Be wise and […]
Mortgage News Toronto
June 7, 2012 by
Mortgage News Toronto There has been a lot of talk lately about the changes being made to mortgage rules by the Office of the Superintendant of Financial Institutions Canada or OSFI. The largest concern was that upon renewal of the mortgage homeowners would have to requalify for their mortgage loan. This would have forced thousands […]
Should Paying Off The Mortgage Wait?
November 17, 2008 by
There is never a downside to paying off your mortgage because it means interest saved which means thousands more dollars in your pocket, however if you recently received a gov’t. tax refund there may be other factors to consider. If you take a $1400.00 tax refund and apply it to a typical mortgage at […]
What Kind of Borrower Are You.
July 22, 2008 by
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The Death of Zero Down Mortgages In Canada
July 14, 2008 by
As of July 11th the Gov’t of Canada has tightened the rules on government backed mortgages. There are five major changes to the mortgage rules. 1/ No more Zero down. You will need a minimum of 5% downpayment to purchase a home. If you need to buy Zero Down you can still do so and must […]