Going through a divorce or becoming legally separated is always a challenging and emotional time. So many questions regarding your largest asset - your home, and what can be done to satisfy both parties. I speak with many ... Read More
Real Estate Agent Kickbacks and How They Can Harm You
Does your Real Estate Agent refer your mortgage directly to a bank or bank Mortgage Specialist? Chances are, if they do then they are getting paid to refer your business. Are you aware of that? If not, then you should ... Read More
The CMHC Mortgage Insurance Premium Increase as of June 1, 2015
CMHC announced on Thursday, April 2nd that they will be increasing mortgage insurance premiums for homebuyers that have 5%-9.99% of the purchase price as a downpayment by 15%. For homebuyers with 5% down - the premium on the ... Read More
Mortgage Prepayment Penalties Explained
Fixed rate mortgage penalties, variable rate mortgage penalties, bank penalties versus non-bank penalties - understanding the differences of each is crucial when choosing your mortgage. When clients take ... Read More
How to Avoid Penalty Shock on your Mortgage – Kim Gibbons featured in Yahoo Finance
As Canadian consumers become more educated and savvy with mortgage options the spotlight focuses once again on penalties and the true cost of breaking a mortgage. Here is a great article that discusses this very thing and ... Read More
TDCT quietly makes changes to their Standard Mortgage clauses – Buyer Beware
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
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
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