New First Time Home Buyers Program

On September 2nd, 2019 the Government of Canada is introducing a new program to help first time home buyers save on their monthly mortgage payments. This new equity sharing program is designed for first time home buyers across Canada. There is still more information that needs to be released but this is what we know … Continue reading New First Time Home Buyers Program

Pre-Approved and Pre-Qualified – Know the Difference

When you start looking for a mortgage, you will hear the terms pre-approved or pre-qualified. Although these terms are similar, there is one big difference. I recently had a client (lets call him Sam) come to me saying he was pre-approved with the bank for up to $300,000 but wanted to use me because my … Continue reading Pre-Approved and Pre-Qualified – Know the Difference

Variable Rate Mortgages & How They Work

Variable rate mortgages are getting lots of attention lately as the bank are offering some specials. You will see the variable rates being offered anywhere from prime minus 0.90% to prime minus 1.15%. Prime rate is currently 3.45%. One major bank has their prime rate at 3.60% to make their variable offer seem more attractive. … Continue reading Variable Rate Mortgages & How They Work

The Four Types of Insurance in a Home Purchase

When purchasing a home you are going to hear the word insurance a few times through your conversations with the people who are going to help you get into your home. It would be nice if we just had one insurance and that covered everything but that is not the case. There are four different … Continue reading The Four Types of Insurance in a Home Purchase

You Could Win $100,000 Off Your Mortgage

Earlier today, Mortgage Alliance awarded a lucky winner the buy down of their mortgage of $100,000. This could be you next year. With every funded mortgage your name gets entered in to win up to $100,000 off your mortgage. Call me for your next purchase, Refinance, or mortgage renewal and let's try and knock your … Continue reading You Could Win $100,000 Off Your Mortgage

What is Purchase Plus Improvements?

Many people who are out house shopping are looking for the perfect place to call home. You may find that yard that is perfect but the kitchen does not work. Or, you find the kitchen works but the bathrooms or flooring are so outdated it makes you forget how good the rest of the house … Continue reading What is Purchase Plus Improvements?

What Do I Need For A Mobile or Modular Home Purchase

Purchasing a Mobile or Modular home on leased land is different from purchasing a detached home. These homes are registered at a registry office as opposed to a land titles office since the ownership of the land is not changing. There is a little more paperwork that is required when you are leasing the land … Continue reading What Do I Need For A Mobile or Modular Home Purchase