Blogs about: Mortgage Myths
Vendor Takeback Mortgages - Why They Rarely Work in Canada
merc359 wrote 3 weeks ago: People call me all the time wondering if they can use a vendor take back mortgage on the purchase of … 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 →
Beware the "Armchair Critic"
merc359 wrote 4 months ago: Many times I spend weeks, months, and even years working with clients to get them into a position 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 →
Do You Pay More Interest With a 35 Year Mortgage Than a 25 Year Mortgage?
merc359 wrote 6 months ago: This is common question: do you pay more interest on a 35 year mortgage than with a 25 year mortgage … more →
How to Pay Your Mortgage Off Faster - Bi-weekly, Weekly, or Monthly?
merc359 wrote 6 months ago: I get a lot of questions from clients that run along a similar vein: “How do I pay my mortgage … more →
Fixed or Variable? My Argument AGAINST Variable Rates!
merc359 wrote 7 months ago: Not a day goes by that I don’t get an inquiry from an applicant asking me: “What is best? Fixe … more →
Vendor Takeback Mortgages - Are They All They Are Cracked Up To Be?
merc359 wrote 9 months ago: I take inquiries and questions from clients about Vendor Takeback Mortgages on a weekly basis. The p … more →
MYTHBUSTING: “… But the Property Has 3 Suites in the Basement and Will Totally Cover a Mortgage!”
merc359 wrote 11 months ago: I took three calls today from clients looking to finance the purchase of a property that had a main … more →
MYTHBUSTING: "I have 35% down payment so I don't have to prove income..."
merc359 wrote 11 months ago: There was a time, not so long ago, when a buyer with 35% down payment basically was gauranteed appro … 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 →
What is a TRUE Mortgage Broker? What is a "Rover" or Mobile Lending Specialist?
merc359 wrote 1 year ago: I’ve been made slightly crazy this week with clients telling me they have been working with a … more →
Mythbusting Mortgage Extra Payments and Payment Timing
merc359 wrote 1 year ago: This is part one of a small series of articles I am going to write that will bust (or prove) tips an … more →
