Pragmatic advice in tough financial times
We all fall on hard times. All. Of. Us. Even some of the world’s wealthiest people have made and lost fortunes. But many, facing tough times and having to start over from nothing, were able to bounce back and remake fortunes again. In today’s economy, even the formerly stable public sector here in Ottawa isn’t…
Do I really have a choice? Mortgage options lenders can’t provide
Sometimes it feels like we don’t have a choice. We’re expected to just take what the banks give us, and accept it. But I’m telling you, you do have a choice. You’re not bound by what the bank offers you. I understand that shopping around can take some time. It can take some effort to…
My best mortgage broker moment pt. 2
In part 1, we talked about how to really understand how a good mortgage broker gets you the right mortgage, you need to understand how lenders look at you using the 5 “C’s” of credit: Capacity – whether your income is sufficient. Capital – whether the size of your down payment is sufficient. Collateral –…
My best mortgage broker moment: pt. 1
Have you ever wondered if you wouldn’t be able to qualify for a mortgage, or that it would be so difficult it’s not even worth trying? You’re not alone. Many people ask themselves the same questions – either because they’re self-employed, have had financial difficulties in the past, or are just unfamiliar with the mortgage…
Your mortgage rate is too high? Focusing on the rate alone can cost you more
In Ottawa, when the Bank of Canada announces a change in its prime-lending rate, it’s always big news. The Mortgage Rate is Always News The media seeks out analysis from economists and banking and business experts. Inevitably, talk turns to how it will affect the housing, real estate and mortgage markets. So understandably, clients focus…
You can’t beat the mortgage broker
One of the biggest misconceptions clients have is the difference between mortgage brokers and banks. Or rather, the lack thereof. Many just don’t know the difference. All they’re wondering is how to get a mortgage. That’s understandable because frankly, when it comes to getting a mortgage in Canada, the banks would rather you didn’t know…
Choice is good: Why would you limit your options?
“I’ve been banking with (fill-in-the-big-6-bank-name) for over 10/20/30 years!” So why choose a mortgage broker Ottawa? Here’s why! Mortgage Brokers give you choice I hear this all the time. You’re loyal to your bank. Maybe your first savings account was opened at this bank. The first dollar you ever earned was deposited in this bank.…
When you Remortgage Your Home
Remortgage for a Refreshing Solution When life throws you lemons use your home equity to make lemonade! Your home equity can provide much needed financial support when it matters most, and a refinance mortgage can be the perfect solution to a touch situation. Life’s Full of Surprises There are all sorts of challenges that you can’t…
Mortgage Transfers Make Sense
You have more choices than you think Need help with getting a mortgage but know you need a new financial partner? A mortgage transfer from another financial institution is easy and there are many reasons why you might want to do this. Among them are: Better service A better interest rate, and Greater repayment flexibility. Mortgage Transfers…
Think you’re out of options? If You’re Self Employed, a Mortgage is Still Possible
Can I Get a Mortgage? Self employed mortgage? You’re thinking there’s no way. You’re thinking, with your credit rating, nobody’s going to approve you for a mortgage. Or you’re self-employed and don’t know where to start when trying to prove your income. If the bank you’ve been a client with for years won’t approve you,…