Before applying for a mortgage check your credit to verify that your personal information is up to date, your financial information is correct and ensure that you aren’t the victim of fraud.
Who doesn’t love a contest? Especially when the prize is $300 bucks. And the good people at ratehub invited me to participate in their Homebuyer Jeopardy contest. For details on the contest check out their Facebook page.
Being a mortgage broker can be tough. There’s plenty of competition and choice for mortgage borrowers. With a crowded market place it’s a challenge to differentiate my service as a mortgage broker from that of the bank.
Since the announcement by Ottawa in late June, 2012 that it would make changes to the mortgage rules, I’ve been flooded with lots of questions. Part of my role as a mortgage broker is to help educate borrowers.
By now you’ve probably heard that the Government is making changes to the mortgage rules. Among other changes, the maximum time you can amortize your mortgage changed from 30 years to 25 years. The new rules kick in on July 9th.