This is definitely a significant change and one that should be considered when looking for mortgage financing with TDCT. TDCT quietly changed their standard mortgage clauses earlier this year and without much fanfare..until ... Read More
Kim Gibbons in Feb/Mar issue of Moneysense Magazine – Financing Renovations
Please click here to read the article "Home Renovation Reality Check" Kim Gibbons, ” Your Mortgage Superhero ®” Mortgage Broker FSCO lic. ... Read More
Marketplace takes on TDCT and disclosure of collateral charge mortgages
Last week Marketplace on CBC ran an episode called "Busting the Banks" where they investigated disclosure of collateral charge mortgages to consumers. This is a hot topic and I have written an article previous to this about ... Read More
Understanding Collateral versus Standard Charge Mortgages
More lenders are moving to collateral charge mortgages so it’s becoming increasingly important to understand the differences between a collateral and standard charge mortgage. TD Bank announced in October, 2010 that all new ... Read More
Is a 7 or 10 year fixed rate mortgage right for you?
With long term mortgage rates at an all time low there has been a lot of buzz with consumers who would tend to lean towards a 5 year term to lock into either a 7 year fixed rate or a 10 year fixed rate mortgage. There is a ... Read More
Rate Drops – Another reason to use a Mortgage Broker
The time between when your mortgage is approved and when you close - who is watching the rates for you, advising of any significant rate drops and providing you with the best rates right up until closing? Would your bank ... Read More
More on the New Mortgage Changes – How they may affect you
The Government announced on January 17th that they will be making changes to their government backed mortgages. Namely, any mortgage that has less than 20% as a downpayment (with a few exceptions). The changes are very ... Read More
Kim Gibbons on Global News re: new Mortgage changes announced Jan 17, 2011
On Monday Jan. 17th the federal government announced 3 changes concerning government backed (CMHC) mortgages. The three changes as are follows: 1. The maximum amortization will be decreased from 35 years to 30 years. This ... Read More
Kim Gibbons on Global News commenting on TD Canada Trust’s new mortgage changes effective Oct. 18, 2010
To watch the interview please click here... For those considering a TD Canada Trust mortgage, take note. TD Canada Trust made a sweeping change to their mortgage lending effective October 18th, 2010. They are no ... Read More
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