5 Jun

Mr. Mortgage Broker, Please Give me the Best Rate!

General

Posted by: Chetan Sholanki

In the past, it was easy to give our clients the best mortgage rate available. Unfortunately, new government regulations have created a fragmentation of interest rates that make “giving you our best rate,” more complex. It’s important to distinguish between what is “insurable” and “uninsurable.” An “insurable” mortgage is approved at 25 years amortization and […]

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6 Apr

Your Mortgage is More than a Rate

General

Posted by: Chetan Sholanki

The mortgage process can seem huge and overwhelming. It can be an emotional process because a mortgage is the loan you are taking to buy a home for yourself and your family which makes it infinitely more than just a loan. Or it may represent the loan you are taking to refinance your home to […]

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3 Apr

Banks & Credit Unions vs. Monoline Lenders

General

Posted by: Chetan Sholanki

  We are all familiar with the banks and local credit unions, but what are monoline lenders and why are they in the market? Mono, meaning alone, single or one, these lenders simply provide a single yet refined service: to fulfill mortgage financing as requested. Banks and credit unions, on the other hand, offer an […]

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8 Mar

How to Not Qualify for a Mortgage

General

Posted by: Chetan Sholanki

  If you have no desire at all to qualify for a mortgage, here are some great ways to make sure you don’t accidentally end up buying a house and taking out a mortgage to do so. One of the best ways to ensure you won’t qualify for a mortgage is to be unemployed. Yep, […]

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6 Mar

Inside and Outside the Box Mortgages in Today’s Market

Mortgage Tips

Posted by: Chetan Sholanki

As we truck along in 2017, Mortgage Brokers and Lenders are adjusting to the new risk based mortgage rate pricing that came into play after the Finance Minister changed Government backed mortgage default insurance regulations in late 2016. Lenders often choose to pay for mortgage default insurance on mortgages where the borrower was not required […]

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9 Feb

Was the answer no?

General

Posted by: Chetan Sholanki

There are other options aside from banks for your mortgage. Purchasing a property can be an overwhelming experience especially with the current real estate market as you need to make decisions quickly. Consider using a mortgage agent as we have access to more lenders and products than the bank and can find the right mortgage […]

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