Blogs about: Canada Best Rates
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What is a "closed" or "open" mortgage?
When you are shopping for a mortgage, you may hear the terms, CLOSED or OPEN mortgage. Let me explain the difference between these two options so you can determine which one is better for you. OPEN… more →
themortgagebroker Blog
Vendor Takeback Mortgages - Why They Rarely Work in Canada
merc359 wrote 4 weeks ago: People call me all the time wondering if they can use a vendor take back mortgage on the purchase of … more →
Fixed, Variable, 25 vs 35 Year Ammortizations
merc359 wrote 1 month ago: I saw a video today that was very interesting and features BNN interviewing Brad McLister, editor of … more →
What is a "closed" or "open" mortgage?
mortgagemississauga wrote 1 month ago: When you are shopping for a mortgage, you may hear the terms, CLOSED or OPEN mortgage. Let me exp … more →
Fixed or Variable Rate Mortgages - The Unending Debate
merc359 wrote 1 month ago: I get calls and questions on this topic almost every week. Given the changing market, it’s tim … more →
Appraisal versus Building Inspection - What are they?
merc359 wrote 2 months ago: During the process of getting a mortgage approval, you broker may require you to get an appraisal. M … more →
Bank of Canada Hold Prime Rate - Outlook for the Future?
merc359 wrote 2 months ago: The Bank of Canada announced yesterday that they were holding their overnight rate steady. This mean … more →
No Money Down Mortgage / Zero Down Mortgage
merc359 wrote 2 months ago: Most of the public is unaware that no down payment or zero down mortgages still exist. On October 15 … more →
Audio Blog - Mortgage Penalties and How They Are Calculated
merc359 wrote 3 months ago: I have been doing some audio advertisements on the radio lately, and given the number of questions t … more →
But My Credit Score is Over 700!! I Thought That Was Good Credit!
merc359 wrote 3 months ago: This is a complaint that I hear from people from time to time. They pull their own credit score, see … more →
How Are Mortgage Brokers Compensated in Canada?
merc359 wrote 3 months ago: I read an article today that really made my blood boil. It was an article that talked about the diff … more →
HOT News: Lenders slashing variable discounts
mortgagemississauga wrote 4 months ago: Hot news for those who are looking for variable rate mortgages. Here is the best deal available to … more →
Can You Extend Your Pre-Approval Rate?
merc359 wrote 4 months ago: Given that rates were at the lowest point EVER back in May/June (around 90 days ago in some cases) s … more →
Private Lenders - What Are they and What do they lend on?
merc359 wrote 5 months ago: Whenever someone wants a loan the bank won’t do, they call me and ask, “but don’t … more →
Mortgage Insurer Changes Rules. The Winds of Change are Blowing Hard!
merc359 wrote 8 months ago: There are presently 3 mortgage insurers in Canada: CMHC (Canada Mortgage and Housing Corporation), G … more →
The Financing Clause
mortgagemississauga wrote 11 months ago: If you have been through the process of purchasing a home, you may have remembered a clause, at the … more →
Why Use a Mortgage Broker? How are Mortgage Brokers Paid?
merc359 wrote 1 year ago: Through all my writing and explanations about mortgages and products, I’ve forgotten the funda … more →
How Much Does Rental Income REALLY Help When Buying a Home?
merc359 wrote 1 year ago: “Mortgage Helpers,” “In-Law Suites,” “Rental Suites,” “Una … more →
TD, RBC, Scotia Claiming Losses and Out of Cash?
merc359 wrote 1 year ago: You read that right… The biggest of the banks are all writing down investments and claiming hu … more →
Bank of Canada Lowers Rate. Will Banks Follow - Not So Far!
merc359 wrote 1 year ago: The bank of canada moved rates more than expected today by lowering its target overnight rate by 0.7 … more →
