Can I get pre-approved for a home purchase loan before I’ve found my property? Absolutely. However, you should note that this pre-approval is not the same as a commitment letter. The pre-approval states the amount you will qualify for as long as all the information you have provided is accurate. A pre-approval should help when […]Read More →
A lot of mortgage brokers in Toronto don’t like to talk about the negative events that happened in the U.S with the “Sub prime Market”. In fact if you even mention the word sub prime around brokers or realtors a hush will definitely follow. The US had a bad case of over lending. Canada has […]Read More →
How much does hiring a Toronto mortgage broker really cost me? In most cases nothing! 9 out of 10 times we get paid directly by the lender saving you money from the start. We don’t take a penny from you and all Mortgage Brokers are regulated by FSCO The Financial Services Commission of Ontario. Mortgage […]Read More →
Did you know that by law in Canada, if your down payment is less than 20% of the value of the home you are purchasing, you are required to obtain mortgage insurance? Mortgage insurance is not the same as life insurance or home insurance. Mortgage Insurance is the insurance required by the government in case […]Read More →
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