A Home Buyer’s Checklist
As an experienced mortgage brokerage, we want to help you make smart decisions when it comes to buying your first home or vacation home. We understand that your decision to purchase is probably one of the biggest buys you’ll ever make, so it’s important to us to help you think ahead. Here are some tips that will help you make informed buying decisions.
How to Choose and Work with a Mortgage Broker
The majority of homebuyers get their loans through a mortgage broker—a professional who’s in the business of compiling and filtering through the options for you. A mortgage broker acts as your agent to “shop lenders” for the best possible loan terms, given your financial situation and goals. Many provinces require mortgage brokerages to be licensed, and individual mortgage brokers are sometimes certified too.
Real Estate Investments: Buying Property Under a Corporation Name
Are you looking to generate more income? Buying property can help you to achieve this goal. One of the greatest benefits to real estate investments is that they help you to increase your income, not to mention that the actual property value can increase over time.
In the Forecast: Are You Prepared for High Variable Mortgage Rates?
A word of warning about variable-rate mortgages, since you probably don’t want to regret your decision. For instance, you wouldn’t want to invest in a property with an ocean view that’s right in the middle of a know hurricane zone, right? We want you to be prepared for the high-variable mortgage rates that may come in the very near future. Although we aren’t too sure when the interest-rate market in Canada will be affected, we do know that you can expect to see an increase of at least 1 or 2 points on prime rates, whenever the storm hits. In order to help you prepare for this unknow hike we’ve created a plan just for you.
A Comparison: Mortgage Broker or Bank?
It might seem like a hard decision to choose between a mortgage broker or a bank, especially if you are looking for the best mortgage rates and best deal. Understanding the differences, advantages and disadvantages of both options will help to make your decision easy.
Renew Your Mortgage Seamlessly with These 5 Tips
Mortgage payments are the most single largest expense for Canadian homeowners. Yet, nearly 27% opt for automatic renewal at the end of their term, even though most fail to seek out a better deal. Looking for a better renewal deal can lower your payments. Here are 5 tips that can make the renewal process seamless.
How-to Avoid Buying Mistakes & Ensure Your Closing Goes as Planned
Many homebuyers jump the gun once their offer has been accepted. It’s important to keep in mind that they buying and closing processes don’t end there. There are a number of issues that can arise and knowing how to avoid these issues is the key to a successful closing. Afterall, you don’t want any added cost to your already expensive purchase, right? Here’s how you can ensure your closing goes exactly as planned.
3 Tips to Get the Best Mortgage & Save Thousands
Haven’t you ever wondered how you can get the best mortgage possible while saving money in the process? Here’s how to get the best mortgage possible. Learn how to easily avoid downfalls and save thousands of dollars in the process with these helpful tips below.
New Rules Bringing More Business to Mortgage Brokers
A number of new home borrowers flew into action last week in order to beat the very tihgt anticipated timeline for the new federal rules coming into effect on Monday, October 17, 2016. For first-time homebuyers, these new rules will reduce their financial ability to buy a home. In fact, there has been such an increase in first-time home buying that national loan origination software, used by Mortgage brokers to submit mortgages, was down for some time. Many mortgage brokerage firms, including AKAL Mortgages (servicing Mississauga and Brampton), stated they were 100% busier this week when compared to a normal work week.
An In-Depth Look – Commercial & Residential Real Estate Investments
Commercial and residential real estate investments can be quite complicated, especially when the need for a mortgage comes into the picture. There is so much paperwork that needs to be completed and payment requirements can cause investors to become easily frustrated and/or discouraged. Although investing in real estate can always a wise investment, it’s not wise to go it alone, especially if you’re hoping it to make a profit or generate revenue. This is where a financial mortgage broker can come in extremely handy. They can assess your wants and goals and advise you of your options and assist you with tremendous amount of paperwork that is involved, as well as educate you on expected costs, so you won’t be caught off guard.