Understanding the Credit Bureau
If you are looking for a mortgage Ottawa residents would do well to understand the Credit Bureau. A credit bureau is a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. What You Need to Know to Get Your Mortgage Ottawa It is an…
It’s Time to Renew
Don’t Fall For the Trap A renewal is like a fresh start, so don’t get caught by the banks! When a term is coming to a close, most Canadian banks will send a mortgage renewal notice in the mail a few months before the term is up. At this time the banks tend to take…
Debt Consolidation
Want to decrease your monthly payments and increase your monthly cash flow? Debt consolidation using your home equity can be a smart way of achieving both. With a refinance mortgage, you can make a strong, positive difference on your family’s financial situation. Debt Consolidation Can: Help increase your credit score Offer simplicity of one payment…
Understanding Your Credit Score
Driven by the financial industries desire for an equitable method of comparing the credit worthiness of borrowers, Fair Isaac & Co developed a credit measurement tool in the 1950′s called the FICO score in Canada it’s called a Beacon score. Today it is considered to be the industry standard. The BEACON Score The three most recognized credit reporting…
How to Get a Mortgage: The Credit Bureau
Mortgages Made Easy If there’s one organization people are afraid of, it is often the “Credit Bureau”. But usually, that’s because they are not well understood. A credit bureau is a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. It is an organization…
It’s about Knowledge, Convenience and Choice!
It’s about Knowledge, Convenience and Choice! I am often asked why people should use a Mortgage Broker instead of going to their banking institution. Mortgage Brokers do not work for any specific lending establishment and typically we do not lend money but rather put you in touch with those who do. Brokers are aware of…
First Time Home Buyers
How to Get a Mortgage Are you tired of renting and are ready to buy? Want to become a first time home buyer? Great! Buying your first home is a big financial decision and can be an overwhelming process, but with the right mortgage broker it can be easier for you! “Even though we’re seniors,…
Helping My Community
As an entrepreneur, I recognize that my success as a mortgage broker and a community partner is directly related to the health of the community that I work and live in. That’s why I am committed to a number of Ottawa Charities. I think one of the greatest things I have witnessed in my profession…
Can You Afford to Buy?
A scary but important question! It’s a good idea to determine how much you can afford before you start looking for your home, or even worse, falling in love with a home that costs more than you can afford. Mortgages Made Easy When determining what you can afford some things you will need to consider…
How To Get a Mortgage – Insurance
Mortgage Insurance versus Life. Is there a Difference? Owning a house is a dream for all of us. However a home is a costly affair these days and thus requires a lot of borrowed money. If you are a borrower it is recommended that you purchase some protection. However, it is important that you know…