Mortgage Brokers vs. Banks – A Comparison

As you embark on the home-buying process for the first time, the road can seem daunting. The best place to start is like anything else: at the very beginning. Starting at the beginning means deciding if you should choose a mortgage broker in Windsor or opt for your local bank to fund your mortgage. Although both options have their advantages and disadvantages, it’s important to carefully consider which financing solution is right for you. You already have a relationship with your bank Most of us at least have some sort of history with our bank; those [...]

By |2019-05-14T10:31:12-04:00May 14th, 2019|Mortgage Information|0 Comments
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Top Six Things To Have In Your Commercial Mortgage Package

When it’s time to secure a commercial mortgage for that property you’ve been eyeing, you want to go into the process on the right foot. Ensuring that your commercial mortgage package features the necessities is of the upmost importance. It very well could mean the difference between securing a commercial mortgage and being left out in the cold; it will also provide you with leverage to refinance if you’re aiming for a lower interest rate. Keep these six things in mind when putting together an effective commercial mortgage package. Net worth statement A net worth [...]

By |2019-02-11T15:27:21-05:00February 11th, 2019|Commercial Property|0 Comments
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With Chaotic Volatility, Should I Be Worried About My Commercial Property?

Do you own your own business and constantly worry about the state of our economy as it stands today? What about in a few years from now? While it seems like there are headlines affecting the performance of markets every single day, the truth is that now isn’t the time to worry. True, markets feel much more volatile lately but this is aligned with long-term, traditional norms (more on that in a moment). Let’s take a closer, quick look at what’s happening, what that means for you, and how you should be reacting. In the [...]

By |2019-01-02T14:33:03-05:00December 30th, 2018|Commercial Property|0 Comments
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Repositioning Your Commercial Space

The next time you find yourself feeling saddened about a commercial property that’s falling apart and has seen better days, consider doing something about it! Repositioning a commercial property is actually more feasible than you might think – and makes a lot of sense. So regardless of whether you have your eye on a commercial property that needs some serious TLC or you want to reposition your current commercial property for a quick sell or just to give yourself some working capital to fund future streams of income, get to know the concept behind repositioning [...]

By |2018-12-19T10:29:36-05:00December 17th, 2018|Commercial Mortgage|0 Comments
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How To Apply For A Reverse Mortgage

Is a reverse mortgage right for you? Most people know that such a mortgage allows them to get cash from their home, but beyond that it’s a mystery. What’s the purpose of a reverse mortgage? More importantly, how do you apply for one if you know that your family could benefit from it? Our mortgage broker team is here to help. Below are the most important factors to consider when applying for a reverse mortgage, and what you must take into consideration as you decide whether it’s right for you. Why would you need a [...]

By |2018-12-17T15:54:47-05:00December 4th, 2018|Mortgage Information|0 Comments
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What Does It Take To Qualify For A Mortgage In Ontario?

No matter if you are a first-time homebuyer or it has been a while since you purchased your current home, you may be wondering what all goes into qualifying for a mortgage in Ontario. We can’t lie: there’s a lot that goes into it. Yet, we can easily break these down into a few simple steps. Having a trusted and dependable team of real estate experts in Ontario can make this process go swimmingly, so have no fear as you go forward. Below are the basics of qualifying for a home mortgage. Income [...]

By |2018-12-17T15:54:41-05:00November 27th, 2018|Mortgage Information|0 Comments
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Here’s What You Need To Know About TDS/GDS Debt Service Ratio

One of the most frustrating parts about buying a home is the sheer amount of confusing vocabulary you have to understand. There’s much to learn, and if you’ve been in the beginning phase of getting pre-qualified for your mortgage then you may have heard terms like, Total Debt Service (TDS) and Gross Debt Service (GDS) get thrown around. If you don’t know what these terms mean or even how they could impact getting a mortgage, don’t fret! Below are the most important things you need to know about TDS, GDS, and how they affect the [...]

By |2018-11-08T09:17:07-05:00November 20th, 2018|Mortgage Information|0 Comments
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First-Time Homebuyers Tax Credit: What It Is, Who’s Eligible

Nobody likes paying taxes – especially when you’re closing on your first home. It feels like yet another payment you have to make to finalize the deal; while discouraging, it’s an essential part of the process. Even so, first-time homebuyers may be eligible for a first-time homebuyers tax credit. If eligible, first-time homebuyers must either apply for a refund within 18 months of registering the conveyance deed or the date of the unregistered disposition (whichever the case may be). Who’s eligible? You must never have owned a home or even an [...]

By |2018-11-20T09:52:25-05:00November 13th, 2018|Mortgage Information|0 Comments
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What You Need To Know Before Breaking Your Mortgage

You may be sick of your current mortgage lender and want a better offer. Or maybe you like your lender, but you’ve ran the numbers and it breaking your mortgage seems like the best strategy for your family. Everyone has their reasons for breaking a mortgage and there’s nothing wrong with it. Every situation is different, so if you think breaking your mortgage will be helpful in the grand scheme of your financial situation, it’s worth considering. Even so, know there are ramifications to breaking your mortgage. Below are some of the penalties you are [...]

By |2018-11-06T11:39:49-05:00November 6th, 2018|Mortgage Information|0 Comments
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When Should You Refinance Your Mortgage?

Should you refinance now, or wait until later? Did the perfect window for refinancing already close, or is there a chance that it can be opened again? The answer seems like a revolving door: it’s changing all the time. Everybody wants the lowest rate possible and we can help, but when should you refinance your mortgage? Let’s look a little closer to help you figure out when it’s the right time to refinance. Lower interest rates This one is a no-brainer – although many borrowers opt to keep their current mortgage due to fear of [...]

By |2018-10-30T10:32:00-04:00October 29th, 2018|Mortgage Information|0 Comments
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