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…
Home Renovations
A Financial Facelift Is your home ready for some badly needed renovations? One sure way to increase the value of your home is by upgrading or remodelling. With home renovation loans, you can quickly access the capital needed to make these changes. You can finance your desired home renovation projects by taking advantage of the…
What Will My Costs Be?
There are many extra expenses that come along with owning a new home. It is a good idea to be prepared for such costs. Some notable fees include: Home Inspection Appraisal – Property Survey Lawyers Fees Moving Costs including hook ups Land Transfer Tax Title Insurance CMHC / Genworth fees You should and can be…