Mortgage & Finances

Picking the Right Mortgage Broker

Picking the Right Mortgage Broker

About half the deals that I do are with a mortgage broker that I recommend. The other half is a toss-up. Meaning I never know who I am going to get to work with. Yes, work with. A lot of ...

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Insurance Companies Want More

Insurance Companies Want More

At our weekly meeting, our manager brought up a situation that was affecting a buyer and the purchase of a home.

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New Real Estate Tax Law for Home Owners

New Real Estate Tax Law for Home Owners

The Canada Revenue Agency (CRA) is smartening up and putting a new rule in place starting for the 2016 taxes, that requires all taxpayers to report the sale of their principal residence, whether they owe tax or not.

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When the banks say NO

When the banks say NO

Recently I worked with a client that put an offer on a house in Lachine down by the water. It was a turn of the century duplex with a crawl space. The roof needed to be done and the foundation ...

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Are you REALLY financially ready?

Are you REALLY financially ready?

So you’re all ready to buy a house. Are you REALLY financially ready?
Many eager buyers ready to purchase their first home forget to plan for all the expenses and end up facing unpleasant financial surprises.

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Marc-Andre Rocher – Mortgage Specialist

Marc-Andre Rocher – Mortgage Specialist

I like to talk about people who impress me, and Marc-André Rocher does just that. I’ve been working with Mark for a bunch of years now and his latest achievement, his new website, is motivational and inspiring.

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The Ins & Outs of financing up to an 8plex

The Ins & Outs of financing up to an 8plex

Marc-André Rocher from the Royal Bank gave a talk at my Real Estate Investment Group about bank financing for residential multi-door. For information on our group, click here: Montreal Real Estate Group

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Cancelling your mortgage, $11,000 fees!!!

Cancelling your mortgage, $11,000 fees!!!

Clients of mine have had their mortgage for sixteen months with Industrial Alliance. They have to sell their house.

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Discharge of a mortgage on an immovable: New rules

Discharge of a mortgage on an immovable: New rules

The Chambre des notaires du Québec has put a new rule into place in regarding discharging your mortgage.

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Evaluate your Financial Situation

Evaluate your Financial Situation

There are many tools available to help you evaluate your financial situation and make your dream of becoming an owner come true

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CMHC – yes or no

CMHC – yes or no

This is an article that was posted on the CMHC website. It's an interesting article showing you the difference between having CMHC involved or not. I am posting this article solely on the fact that there were all these “hidden” ...

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How much can you afford when you buy a home?

How much can you afford when you buy a home?

A pre-approved mortgage lets you know the maximum amount you can borrow to buy a home before you even begin looking for one. You can then make an offer on a property with peace of mind.

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Are you planning to renovate your existing home?

Are you planning to renovate your existing home?

Financing renovations and energy-saving improvements are easy thanks to a CMHC-insured refinance mortgage.  

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CMHC

CMHC

Is this your first home ? If so, did you know that if you accumulate a 25% down payment, you don’t have to have CMHC involved, which could save you 3%.

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Make a mortgage broker part of your financial plan

Make a mortgage broker part of your financial plan

The mortgage world – like the investment world – can sometimes be confusing. There is a vast array of choices – open, closed, fixed, floating, long or short amortization, prepayment options, portability…

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“But I can’t afford to buy….”

“But I can’t afford to buy….”

Many people would like to start building equity in their own home, but are held back by concerns about cost.

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Should you use your RRSP’s to purchase a new home?

Should you use your RRSP’s to purchase a new home?

Registered Retirement Savings Plans (RRSP) were created to encourage Canadians to save money for their retirement. In 1992, the government hoped to stimulate housing sales with the creation of the Home Buyers' Plan.

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Self-Employed and need a Mortgage?

Self-Employed and need a Mortgage?

If you work independently or own a business, then you know that it pays to keep your taxable income as low as possible. That makes you a smart business person. But the story can change when you try to get ...

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Your mortgage is a goldmine of potential savings

Your mortgage is a goldmine of potential savings

If you are like most homeowners, you are focused – for good reason – on finding the best possible rate for your mortgage. Your mortgage broker can offer you the best range of rate options and terms. If a mortgage ...

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