The Million Dollar Question?

By Mortgage News

My blog today is about the Baby Boomer generation born between 1946 and 1964. There are 9.6 million of us (I am one myself) that represents 25% of the population in Canada. I have recently read several articles, mostly written by expert analysts and economists, predicting the spending habits and decisions Baby Boomers will make in the years to come. One prediction is that a good many will be selling their 3,000 square foot home and replacing it with a 1,200 square foot condo. Continue reading “The Million Dollar Question?” »

Lowest Rate (Price) Vs. Best Product…Which Do You Choose?

By Mortgage News

Normally when we receive telephone calls from new clients, the first question on their minds is “what is your best rate?” Although rates are very important, how many of us pick up the phone and call a car dealership and ask them the very same question “what is the lowest price car on the lot?” Continue reading “Lowest Rate (Price) Vs. Best Product…Which Do You Choose?” »

Thinking About Renovating, Investing, or Consolidating Your Debts?

By Mortgage News

Well you are in very good company! In a recent CAAMP (Canadian Association of Accredited Mortgage Professionals) survey prepared by Will Dunning (CAAMP Chief Economist) in May 2012, it is estimated that the majority of the 18% of mortgage borrowers who took equity out of their home in the past year did so for these purposes. Continue reading “Thinking About Renovating, Investing, or Consolidating Your Debts?” »

Considering a Rent-To-Own Property?

By Mortgage News

If you are, then there may be a few things to keep in mind from a lender’s perspective. Perhaps the main reason you are even considering this option is that you are having difficulty qualifying  for a mortgage at the present time. It may be a lack of a down payment, a bruised credit bureau report, or insufficient income to debt service your mortgage. Continue reading “Considering a Rent-To-Own Property?” »