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Using your Home Equity to Buy a Second Home

Do you wish to buy a new house but don’t have the necessary funds? If you have equity, the options for this may become more available. However, there are a few factors to consider when buying a second house with equity from your current property.  All of this will be covered in this blog post. Read more about Using your Home Equity to Buy a Second Home[…]

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Mortgage Fraud: Identifying It and Avoiding It

Mortgage fraud is typically committed by fabricating payslips, annual statements, or employer statements and using them when applying for a mortgage.  Mortgage fraud is the practice of having someone falsely represent you in order to modify the title to your house or other property without your knowledge, obtain a mortgage on your title, or both. Read more about Mortgage Fraud: Identifying It and Avoiding It[…]

Reverse Mortgage

What You Need To Know When Getting A Reverse Mortgage

Learn more about Reverse Mortgage, including how it works, who qualifies, and how much it will cost you, by reading on. Terms The following criteria must be met in order for you to qualify for a reverse mortgage in Canada: You need to be a homeowner aged 55 or older. The property must be your Read more about What You Need To Know When Getting A Reverse Mortgage[…]

Reverse Mortgage

The Canadian Reverse Mortgage Market is Changing – What you need to know 

Reverse Mortgage is a great option for Canadian homeowners to obtain cash for necessities like living costs and travelling. Reverse mortgages, however, have a bad reputation. Some of the negative connotations are due to misunderstandings. Why does the Reverse Mortgage product have a bad reputation?  The primary reason for the bad reputation of Reverse Mortgages Read more about The Canadian Reverse Mortgage Market is Changing – What you need to know […]

Reverse Mortgage

What is a Reverse Mortgage?

A Reverse Mortgage, also known as a healthcare mortgage, is a type of loan designed to allow homeowners over 55 to access the equity they have built up in their primary residence. In Canada, Reverse Mortgage are an excellent way for homeowners to get access to money for living expenses, travel, and other needs. Additionally, the Read more about What is a Reverse Mortgage?[…]

Why Mortgage Agents Should Use Social Media

Any mortgage agent’s marketing strategy should include an understanding of how to develop a social media strategy for the mortgage sector.  Additionally, a successful social media campaign can improve business opportunities.  Building your social media brand may be simpler than you think if you use some tried-and-true tactics that remain effective.   The following are Read more about Why Mortgage Agents Should Use Social Media[…]

Life’s Simple Steps To Get You Out Of Holiday Debt

So we have just come off another Christmas and New Year’s break and by all accounts it seems everyone is happy last year is behind us. Now we start with the New Year’s Resolutions; losing weight, quit smoking, stop drinking, make more money and get out of debt. All good intentions yet we seem to fail Read more about Life’s Simple Steps To Get You Out Of Holiday Debt[…]

What To Watch Out For When Buying A Condo

There are several factors to consider when buying a condominium. This includes reviewing how finances are handled by the condo board. This article details what to watch out for. Like other real estate properties within Ontario, the condominium market continues to thrive. In 2021, sales in the Greater Toronto Area (GTA) have increased over 70 Read more about What To Watch Out For When Buying A Condo[…]

How To Obtain A Mortgage In A Post-Pandemic World

A unique scenario occurred during the initial phase of the coronavirus pandemic. New mortgage lending reached all-time highs at chartered banks. Much of this was fueled by historically low-interest rates, thus, the majority of mortgages were renewals thanks to these lower numbers. The Post-Pandemic World The government has gotten a hold of the coronavirus’ tail Read more about How To Obtain A Mortgage In A Post-Pandemic World[…]