Posts tagged ‘Mortgage Broker’
The Mortgage Radar: One Of Kind Unique Property Financing, RRSP to Fund Your Own Mortgage, Extra Payments Go A Long Way
Tweet A few months ago my Dad added a couple of posts to this blog in the “Files of the Broker” section. One of his post was about “Oddball Property Private Mortgage Financing“ where he explained the challenges of financing unique homes and told the story of how he used his Mortgage Investment Corporation to [...]
The Mortgage Radar: The Tax On Stupidity, A New Credit Crisis
Tweet In 1996 British political scientist David Runciman wrote an essay entitled The Plot To Make Us Stupid; David Runciman on the National Lottery. As part of his thesis Runciman argues that the lottery which was first described as a tax on stupidity given that the odds of winning are 14 million to one (Lotto [...]
TD Collateral Mortgage: Green Fuzzy Handcuffs
Tweet Last Monday on the 18th of October the TD bank made an announcement that set the mortgage industry a buzz. It sparked immediate debate calling into question the integrity of the bank and how it would effect borrowers. Essentially what TD has done is figured out a way to prevent borrowers from leaving them [...]
Mortgage Radar: TD Bank Collateral Charge, Investment Properties, Mortgage Qualification For Self Employed, Targeting New To Canada, Tax Deductible Fortitude
Tweet The Mortgage Radar includes news and blog articles that have come across my desk in the past 7 days that I think are of interest or provide entertainment value. The TD bank announced a major change to the way they register their mortgages, changing them from a “standard charge” to a “collateral loan”. The [...]
What Is A VTB or Vendor Take Back Mortgage?
Tweet This generation of first time borrowers are spoiled rotten. Imagine their shock 5 years from now when their ultra low 3.59% fixed rate mortgage is renewed into a more realistic 6% mortgage? When I speak to older borrowers who have been around the block a few times I am constantly reminded by them of [...]
Monday Mortgage Review Sept 27th 2010
Tweet Officially these are the lowest fixed rate mortgages my father ever remembers being able to offer over the course of his 34 year long career. They may be lowest I’ll ever be able to offer as well. Here are the current Toronto Mortgage Interest Rates available this week: 2.70% – 1 Year Fixed 2.90% [...]
Mortgage Financing For Artscape Triangle Lofts
Tweet Artscape Triangle Lofts is a very unique condominium development. It has been created with the specific purpose of preserving important artist work/live space in the Queen West Triangle. Artscape Triangle Lofts includes a mix of affordable rental units for professional artists as well as below-market ownership units for artists and non-profit arts professionals. I [...]
Monday Interest Rate Review August 23rd 2010
Tweet Mortgage interest rates continue to stay low as weak numbers indicate that we are still far from full economic recovery. Rates are always changing and it’s hard for a borrower to explore and shop the entire market to ensure that they are getting the right product and best rate. Mortgage brokers are people who [...]
What is a Conventional Mortgage?
Tweet As a Toronto mortgage broker it’s important for me to remember that there is mortgage jargon and terminology that my audience may not be familiar with. When I work with clients I try and make the experience as educational as possible and I always make an effort to step back and explain mortgage terms [...]
