As a first time home buyer you are eligible to withdraw funds from your RRSP under the Home Buyer’s Plan (HBP)administered by Revenue Canada (CRA). The plan is designed so that your RRSP funds can be drawn, tax-free, for your down payment however there is no requirement that they be used specifically for your down [...]
Down payment is an important piece of the puzzle when you apply for your first mortgage. Lenders like to see that you are coming to the table with your own money at play. It shows that you have had the ability to save/invest which helps with the overall application. If you are considering buying a [...]
Investing in mortgages is a great opportunity that is overlooked by many investors. There are many methods and ways to invest in mortgages. The following is the skinny on investing in mortgages: Why Should Someone Consider Investing In A Private Mortgage? A mortgage is a unique investment that provides the investor with a predetermined return [...]
Son Of A Broker on the ladder learning to work hard, work dirty and work for free I spent the last 2 weekends out in Oakville learning what it means to work hard, work getting dirty and work for free helping my brother Mark rebuild a 1940s era detached bungalow he bought with his [...]
Any of Tridac – The Mortgage Centre’s clients know exactly what my connection to piggy banks is. If you’ve done business with us then you no doubt have received one of our cute little piggy
Late last week while I was away in Punta Cana for the Mortgage Centre Annual conference lenders announced their newest fixed rate mortgages. Lenders are now offering 3.15% for a fixed 5 year rate mortgage
Yesterday Bank of Montreal announced a new fixed 5 year rate mortgage that has set a new all time low for mortgage rates in Canada. Is it the lowest rate? Yes. Is it the best
Bank branches sometimes promote them and you may have come across paper and online ads for them. So what is a cashback mortgage, and more importantly, who should consider them? A cashback means that the
I’m happy to announce the Son Of A Broker Facebook Friday the 13th contest! Lets change your luck this coming Friday the 13th and give the traditionally unlucky
There’s seldom an occasion during which we can sit back and contemplate time gone by and time to come. Thank goodness we mark each calendar year with a definite beginning and end. This gives us
I stand corrected. Earlier this fall I mused on my blog that fixed rate mortgages had run their course and would hold steady or trend upwards gradually into 2012 and beyond. I thought that the
Several weeks ago I went about buying a new set of downhill skis for the upcoming season. I had no clue what was available on the market and I didn’t have the time to go
Earlier this fall I partnered up with a great website called Ratehub.ca. The site is unlike anything else you’ll find online. For starters, it’s not run by a financial institution or mortgage broker so the
Reaction to BMO’s 2.99% Fixed 5 Year Mortgage 3 comment(s) 
What Is A VTB or Vendor Take Back Mortgage? 1 comment(s) 
Shopping Online For Skis & Mortgages 1 comment(s) Son Of A Broker © 2012. All Rights Reserved.
