2 differences between banks and mortgage brokers

2 differences between banks and mortgage brokers

Canadians are discovering that there are 2 big differences between the big banks and a mortgage broker. 1. Banks offer only their own products. A bank can offer only their individual products and with no clear definition on what the best discount and mortgage offering...
6 reasons not to sign your mortgage renewal notice

6 reasons not to sign your mortgage renewal notice

Did you recently receive a notice from your lending institution reminding you that it’s time to renew your mortgage? No matter how good the offer looks, don’t just sign it and send it back. Bring it in to us, and we’ll see if we can find you a better deal. On the...
Saving at the gas pump can affect your mortgage

Saving at the gas pump can affect your mortgage

The Bank of Canada announced last week that it’s cutting its key overnight lending rate by a quarter of a percentage point because of plunging oil prices. A combination of high supply and low demand—particularly outside of the US—has caused the low oil prices. While...
Why signing your renewal notice may be costing you more money

Why signing your renewal notice may be costing you more money

When it’s time to renew their mortgage, many homebuyers stay with the institution where they do all their banking. In the majority of cases, your lender will offer you a moderate discount over the posted rates, and all you have to do is sign a letter you receive in...