Tag Archives: Mortgage Brokers

Life is Short, Make your Mortgage Shorter

One positive consequence of the tighter mortgage rules is shorter amortizations.  While extending your mortgage over 40 years may make your payments more manageable and allow you to qualify for an even bigger home, you may never live to see your mortgage burning party. In pricier markets, the rational has been that you will enjoy significant capital appreciation that can contribute to your retirement savings.  Many are also under the … Read More

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Maxed Out and Ready to Refinance

The average non-mortgage debt held by Canadians has climbed by 3.47% to $27,131 over last year.  One reason behind the increase is the new mortgage rule limiting the amount you can refinance.  Canadians who have maintained their spending patterns can no longer use the equity in their house to wipe the slate clean.  Instead they are left with a mountain of high interest debt. While the new rule makes sense … Read More

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The Top 3 Benefits of Using a Mortgage Broker

The mortgage brokerage industry has grown by leaps and bounds over the past decade.  The only reason any industry can grow that quickly is because it’s adding value to consumers.  20 years ago mortgage brokers were relegated to helping consumers that couldn’t find a mortgage for themselves, but mortgage brokers began finding a new niche; finding better mortgages for all homeowners.  Here are the top 3 reasons a mortgage broker … Read More

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