As many of you know, my wife and I had our first child a couple of weeks ago (a healthy baby boy, Markus), so if you were wondering where the past 2 “Mortgage Monday” posts were – I skipped them to either a) spend time with my new son and/or b) to sleep. 😉  Needless… Continue reading Mortgage Monday Rate Update – November 2011
Author: Tim
Tim is a mortgage agent in Barrie who specializes in helping first-time home buyers. He works with a variety of lenders and can help customize a mortgage with the best rates & options that fit the needs of each customer.
What is “Prime Rate”?
The Prime Lending Rate in Canada (like in many other countries) is a reference interest rate charged by banks and lenders to their most “creditworthy” customers. In reality we find that most banks and lenders in Canada base their best interest rate (usually in the form of a variable interest rate) on the prime lending… Continue reading What is “Prime Rate”?
How Much Do Mortgage Brokers Cost?
Back in the “old days,” people would usually only go to a mortgage broker when they weren’t able to find a mortgage on their own (self-employed, past bankruptcy, bad credit, insufficient income, etc) – they had usually been turned down by a bank, and needed the help of a mortgage broker to obtain financing.  The mortgage broker… Continue reading How Much Do Mortgage Brokers Cost?
A Closer Look at Credit Reports
If you want to purchase a house and need a mortgage, someone is going to have to pull a credit report at some point along the way. Â A credit report outlines credit history and ultimately, credit worthiness. Â Credit-reporting agencies are governed under The Consumer Reporting Act, and anyone who pulls a credit report needs to… Continue reading A Closer Look at Credit Reports
Mortgage Monday Rate Update – October 2011
Whether you like it or not, stats and numbers are a part of the world of mortgages. When rates changes even the slightest of percentage points, it could cost or save you thousands of dollars. Every once in a while, here on the Mortgage Monday posts, I’ll update you on what’s going on in the… Continue reading Mortgage Monday Rate Update – October 2011