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Why use a local mortgage broker in Guelph instead of an on-line brokerage?

Why use a local mortgage broker in Guelph instead of an on-line brokerage?

  Why use a local mortgage broker in Guelph instead of an on-line brokerage? There are so many mortgage options available on-line, but why use a local mortgage broker in the Guelph, Kitchener/Waterloo/Cambridge instead of going on-line? That’s because they’ll understand the local housing market conditions which have a significant impact on your mortgage financing.… Read More

Things to know when buying or selling a home in Guelph, Kitchener, Waterloo and Cambridge

Things to know when buying or selling a home in Guelph, Kitchener, Waterloo and Cambridge

Things you’ll need to know when successfully buying or selling a home in Guelph, Kitchener, Waterloo and Cambridge. Get pre-approval before you list your home – requalify your mortgage. Other considerations are: Job changes Credit history changes Calculate the equity you’ll have Budget to help you keep on track Do a Buy/Sell Calculation Contact us… Read More

Debt Consolidation Plan

When should you consider consolidating your debt with your mortgage and why?

  If you are unable to pay off your debts each month and your total debt exceeds $5000. Interest rates and how they are calculated vary widely. Interest on a mortgage is calculated twice a year A Line of Credit loan is calculated monthly and usually carries a higher interest rate Credit cards are calculated… Read More

Financing Existing Student Rentals: Challenges That Can Be Overcome

Financing Existing Student Rentals: Challenges That Can Be Overcome

  Financing existing student rentals: Challenges that can be overcome An area of mortgage expertise I focus on is financing and refinancing rental properties. As a rental property owner myself, most clients appreciate the first-hand knowledge on the pros and cons of owning real estate as an investment.  I have made some great decisions with… Read More

Banking Regulator sees potential risks; Current home values are stabilizing in most regions

Banking Regulator sees potential risks; Current home values are stabilizing in most regions

    Banking regulator sees potential risks in high home prices, debt loads. The Office of the Superintendent of Financial Institutions (OSFI) is set to finalize changes to residential lending guidelines (B-20) by the end of this month. They are proposing changes that will see a ‘stress test’ applied to those borrowers buying a home… Read More

Economic Growth; The OECD has raised expectations for Canada. Should we expect interest rates to continue to rise?

Economic Growth; The OECD has raised expectations for Canada. Should we expect interest rates to continue to rise?

The Organization for Economic Co-operation and Development has raised its expectations for economic growth in Canada this year compared with a June forecast. The Paris-based economic think tank says it now expects the Canadian economy to grow by 3.2 per cent this year, best in the G7. That is up from its forecast in June… Read More

CMP Women of Influence 2017

CMP Women of Influence 2017

For decades, the mortgage industry, like many other business sectors, has long been dominated by men. In 2017, that’s no longer the case. The 50 women on this list prove that mortgage brokering is no longer just a man’s game. Following an overwhelming response from lenders and brokers across all provinces, CMP culled this year’s… Read More