Make the Right Mortgage C...
Make the Right Mortgage Choice
Statistics tell us that more than 80% of Canadians will determine their mortgage choice based solely upon the interest rate that they ...
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The Truth About Pre-Appro...The Truth About mortgage Pre-Approvals Pre-approvals are probably the most misunderstood area in mortgages today. This is because the big banks have g...
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Interest RatesInterest Rates Eighty percent of Canadians use interest rates as the sole criteria to find a suitable mortgage. However, 80% of Canadians also break t...
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Gifted Down PaymentsThe Gifted Down Payments Understanding gifted down payments and how they could affect your mortgage. There are many legitimate forms of down payments ...
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The Mortgage You Don't Wa...The Mortgage You Don't Want Average house prices in Oakville are significant. Thus a mortgage is a large expense and should not be treated as a commodity. ...
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Happy Holidays from Mortg...Wishing all our Oakville clients happy holidays and a merry Christmas! May the festive season be filled with great memories. Thank you for being great clients and we wish you the v...
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Who Wants to Be House Poo...Who Wants to Be House Poor? You can avoid being house poor by following these quick tips! We in Oakville have been blessed with a very strong housing ...
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Rental Properties – Is it...Rental Properties – Is it for everyone? A rental property can be a great enhancement to your financial portfolio. After all, it is a very tangible ass...
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Meet Jim and Margie. They...Meet Jim and Margie. They Wanted to Be Mortgage Free. Meet Jim and Margie. They grew up in Oakville and they are in their early twenties. They go out with a great ...
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Types of Mortgages – The ...Types of Mortgages – The Confusion Removed Most people think that a fixed mortgage is closed and a variable mortgage is open, which is not true. The rate type, wheth...
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Bridge LoansBridge Loans So, you have bought your beautiful new home and sold your existing home first, but it closes after your new home. What to do because your down payment i...
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Is it Worth Breaking Your...Is it Worth Breaking Your Mortgage? Interest rates are at an all-time low and many people have rates that are above 3%. Those people are legitimately ...
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The 10 Reasons Why People...The 10 Reasons Why People Break Mortgages Statistics show that 83% of people break their mortgage before their mortgage matures, incurring penalties as a result. ...
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Down Payment Amounts and ...Down Payment Amounts and Sources When purchasing a property and the borrower needs a mortgage, a down payment is necessary. The down payment is the ca...
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Mortgages for Self-employ...Mortgages for Self-employed People Self-employed people are the special kind who want to serve others through the great work that they do. They face r...
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How to Build and Maintain...How to Build and Maintain Good Credit Your credit is more important than your income when it comes to mortgages. A mortgage is obtainable with a relat...
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Secondary Homes: You Can ...Secondary Homes: You Can Buy a Cottage with a 5% Down Payment If you have ever wanted to own a cottage, care for your aging parents that live far from you or save ho...
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Canadian Mortgage LendersCanadian Mortgage Lenders As Canadians we are very blessed to have one of the strongest banking systems in the world. This is because our banking syst...
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The Death of the Equity M...The Death of the Equity Mortgage Rewind 5 years. Canadians could get a mortgage for 65% of the value of their home without declaring much actual income. If the borro...
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New-to-Canada MortgagesNew-to-Canada Mortgages From the day I arrived at Lester Pearson International Airport, I loved Canada. This beautiful country only genuinely felt like home to my fa...
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The Ten Absolute Must-hav...The Ten Absolute Must-have Privileges for Your Mortgage Most of us are pretty good at determining the value in our everyday purchases. Some people would pay a lot mo...
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Jacques Du Preez Quote“The mortgage business is fun, fast moving and ultimately a people business. People trust us because we care about them and we are excellent at what we do.” - Jacques Du Preez - ...
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What Down Payment is Righ...What Down Payment is Right for You I remember buying my first house. My goal was to save as much a down payment as I could. I first paid off all my de...
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Mortgage Broker Tips - Ho...Mortgage Broker Tips - How to plan for the best Mortgage Buying a home and taking out a mortgage is the biggest financial commitment that anyone will ever make. “Th...
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Mortgage Supporting Docum...Mortgage Supporting Documents – What to expect Buying and owning a house is fun and part of everyone’s dream. Getting the financing to pay for the house is the borin...
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Mortgage Renewals Explain...Mortgage Renewals Explained Mortgage Renewals - What happens at renewal time? Mortgages in Canada have set term lengths and mortgage renewals present ...
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Important Announcement: M...Important Announcement: Mortgage Rule Changes New Mortgage Rules (Q3 2017) In early October 2016 the federal finance minister announced new mortgage r...
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Mortgage AppraisalsWhat is an Appraisal? An appraisal is the evaluation of a property’s value for financing or other purposes. In this article, we will cover appraisals for mortgage financing...
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Co-owning a propertyCo-owning a property Sky-high real estate prices in big cities, combined with the new mortgage rules have made it increasingly difficult for first-time buyers to ent...
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CMHC Confirms, Credit Sco...CMHC Confirms, Credit Scores are Improving! Recently published data from the CMHC (Canada Mortgage and Housing Corporation) shows that Canadians in general are more sensible...
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Part 1/4 - Why we make de...We create debt when our expenses exceed our income. That sounds so obvious. If you Google “what causes debt” it renders 203 million results.
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Part 2/4 - How to pay off...Now that we have a better understanding why we create debt, let's look out for these pitfalls and try to avoid them.
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Part 3/4 - How to stay ou...Dieticians estimate that 95% of people who lose weight during a diet will put the weight back on once they stop the diet.
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Part 4/4 - The Debt Snowb...This plan is not new, but it works. It is designed to keep us motivated while we pay off our debts. There are many philosophies about how and which debt, in a line-up of debts, to ...
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Debt Snowball Plan FileNow That You've Read All The Articles In The Series, Please Watch The Instructional Vi...
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Part 1/3 - What happens a...What happens at mortgage renewal time? Unlike the United States, Canadian mortgages have a Term period and an Amortization period. The end date of the current mortgage term ...
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Part 2/3 - Planning your ...Planning your mortgage renewal - Part 2 of 3 Most people only consider what it takes to enter into a mortgage, but the more important question is what it woul...
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Part 3/3 - Your Mortgage ...Your Mortgage Renewal Is it a switch or a refinance? YES, I WANT TO RENEW MY MORTGAGESwitch and Refinance When your mortgage matures, your goals for your new mortgage...
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Land on your feet with th...Land on your feet with the New-to-Canada mortgage program We held a New-to-Canada mortgage webinar, and the participants loved it! Introduction...
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Some Rules for Foreign Pu...Some Rules for Foreign Purchasers in Canada Now that we’ve covered the content for those who are new-to-Canada, we’re going to talk through foreign purchasers. A for...
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Taking the Step Towards a...Taking the Step Towards an Investment Property. Our topic for July’s webinar was ‘Investment Properties’. A firm favourite! This is an exciting theme...
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Improving your Life with ...Improving your Life with a Secondary Home - our Webinar Takes you Through it All Complete the form below to download the FREE Secondary Home check ...
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Budget like a bossBudget like a Boss Budgets are a vast, but exciting topic and there is always something to learn. For the evening, we covered relevant content in three areas: ...
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Self-employed webinar sum...Mortgages for the self-employed In 2007, an individual could buy a home with a 0% down-payment. Thinking back to that year (which doesn’t feel so long ago) brings about the ...
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Real-life tips to help yo...Real-life tips to help you face your mortgage Your wallet is not the only thing quivering when you go through the mortgage process. Your heart, brain and tightly wound nerve...
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Mortgage Refinance Webina...The problems and solutions around refinancing your mortgage. Canada’s ever-changing mortgage rules, mortgage slang and lack of education from financial institutions, makes i...
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Pre-approvals Webinar Sum...Everything you need to know about pre-approvals A pre-approval is an important part of the mortgage journey. This article is based on our recent webinar all-about mortgage p...
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How variable and fixed mo...How variable and fixed mortgage interest rates are determined In this article we will clarify how variable and fixed mortgage are determined by financial institutions. Most ...
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Mortgages when life happe...Mortgages for When Life Happens to Us… No one likes hard times and very few people want to talk about them, but they are inevitable and unavoidable so we will be wis...
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How to Take Advantage of ...How to Take Advantage of Hard Times The past few weeks have been a whirlwind. Between the worry of the health and safety of our loves ones, to our own mental state a...
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Live Interview With a Len...Your Mortgage during COVID-19 from the Lender’s Point-of-View Sometimes all you need is a change in perspective to see things clearer. The current time is full of un...
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Credit and your mortgageCredit and your mortgage As we move forward with clarity and hope, I encourage you to look at the reality of your finances. The team at Mortgage Allies understand th...
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Leverage COVID-19 to Redu...Leverage COVID-19 to reduce mortgage interest rates When life gives you lemons… Make lemonade! We’re approaching a tough situation with relentless optimism as far as...
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Consolidating Debt Into Y...Consolidating Debt Into Your Mortgage In July’s webinar we looked at consolidating debt into your mortgage. You might be wondering what exactly debt consolidation is...
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Looking at Bridge LoansLooking at Bridge Loans Bridge loans… What, when, how, why? Let’s get you informed and empowered around this topic. Use Our FREE Bridge Loan C...
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How to Kick-butt Virtuall...How to Kick-butt Virtually It is encouraging and inspiring to see how businesses have stepped up and found new ways of serving their clients. We’re constantly in awe...
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Property-BuyoutsNavigating Your Way Through A Property Buy-out A mortgage buy-out is necessary when one or more property owner/s pay out the other’s share of the property’s equity, ...
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Getting Mortgage Free fas...Getting Mortgage-Free Faster All of us dream of retiring at a reasonable age with sufficient savings, a paid off mortgage and no debt so that we can enjoy the fruits...
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Construction MortgagesConstruction Mortgages Building a custom home suited to your exact needs is most people’s dream. When house prices are high or even unaffordable, we start to look fo...
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New BuildsPre-construction Mortgages This Article will cover mortgage financing for newly built, 100% completed properties purchased from a 3rd party builder/real estate devel...
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Mortgages for non-Canadia...Mortgages for non-Canadians Canada has had an incredible real estate market for the last 20 years, and we are blessed to live in one of the most desirable countries ...
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Mortgage Stress testThe Mortgage "Stress Test" What is the "Stress Test," how is it determined, is it a good thing, and how does it affect you? Inescapably, it will affect the applicant...
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Purchase plus improvement...Purchase Plus Improvements It has often been said that we live in homes that we don't really like, to fix them up three months before we sell them for the next perso...
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Why a seller should insis...Why a seller should insist on a condition of finance In a very active, fast-moving, competitive real estate market where property prices are rising at unprecedented ...
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Mortgage supporting docum...Mortgage Supporting Documents Once you are eligible for a mortgage and are finalizing your mortgage, it comes down to managing and fulfilling your mortgage condition...
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Mortgage TermMortgage Term This is the 8th article in our Mortgage Life Cycle Costs series. As a reminder, Canadian banks are a saturated oligopoly. Oligopolists are interdepend...
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AmortizationMortgage Amortization This is the 9th article in our Mortgage Life Cycle Costs series. As a reminder, Canada’s large banks are a saturated oligopoly. Oligopolists a...
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Mortgage Payment Frequenc...Mortgage Payment Frequencies This is the 10th article in our Mortgage Life Cycle Costs series. Why write these Mortgage Life Cycle Costs articles? We have seen many...
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Mortgage sticker priceIs your mortgage sticker price blinding you? What do I mean with "sticker price," and what is a mortgage's sticker price? Your mortgage's sticker price is what you s...
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Mortgage Advocacy and Sup...Mortgage Advocacy and Support This is the 12th article in our Mortgage Life Cycle Costs series. What do we mean by Mortgage Life Cycle Costs and why write so much...
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Mortgage Terms and Condit...Mortgage Terms and Conditions This is the 13th article in our Mortgage Life Cycle Costs series. What do we mean by Mortgage Life Cycle Costs and why write so much...
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Mortgage Pre-Payment Priv...Mortgage Pre-Payment Privileges This is the 14th article in our Mortgage Life Cycle Costs series. What do we mean by Mortgage Life Cycle Costs, and why have we writt...
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Mortgage PortabilityMortgage Portability This is the 15th article in our Mortgage Life Cycle Costs series. What do we mean by Mortgage Life Cycle Costs and why write so much about this ...
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Mortgage AssumabilityMortgage Assumability This is the 16th article in our Mortgage Life Cycle Costs series. What do we mean by Mortgage Life Cycle Costs and why write so much about this...
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Getting Ready to Buy a Ho...Getting Ready to Buy a Home in Ontario: A Mortgage Broker's Guide to Preparation Introduction Purchasing a home is one of life's most significant milestones, especia...
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Avoiding the PitfallsAvoiding the Pitfalls: Choosing the Right Mortgage When it comes to selecting a mortgage, it's crucial to be aware of potential pitfalls that could have long-term fi...
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Mortgage PenaltiesMortgage Penalties This article is Part 6 of our Mortgage Life Cycle Costs series. In our Mortgage Life Cycle Costs series, we warn you that an over-focus on intere...
