Mortgage: Who do you go with – Broker or Bank Representative?

Very recently a client advised me that she was planning on speaking to her accountant regarding the financing of her home purchase. I advised her that she could talk to her accountant, but that at the end of the day the most helpful person for what she needed was a mortgage broker (or a similar bank representative). Based on your income a mortgage broker will determine how much you can actually afford to spend. Now who do you go with? A mortgage broker or a mortgage bank representative? Well, I recommend my clients to... Read The Rest →

Mortgage: Thinking about transferring or porting?

RateHub breaks it down by answering some of the FAQs on transferring or porting your mortgage. What happens when you want to move to a new home after three years in a five-year mortgage? It’s not an uncommon predicament – in fact, 70% of first-time buyers do not make it to the end of their five-year term and on average break at the 3.5 year mark. Is it possible to transfer your mortgage from one home to another? We recently sat down with Toronto mortgage broker James Laird for a little... Read The Rest →

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