Category: Blog

Seven Steps to Buying Your First Home

Buying your First Home. From pre-approval to closing day. You’ve got this! Buying your first home; knowing where to start, and all the steps in between can be mind-boggling. And since this may be one of your largest life-time purchases, it can get pretty stressful. These seven distilled steps to buying a home help put …

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First Time Home Buyer Government Incentives

First Time Buyers Government Incentives

Home Buyer Government Incentives Every savvy college student knows there are lots of bursaries and scholarships out there – you just have to know where to look. It’s the same with home buyer government incentives. There are some good government programs – especially for first time buyers – that help put money back in your pocket. MUNICIPAL GOVERNMENT …

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Five Common First Time Buyer Mistakes

Buying your first home is exciting and scary all at the same time. It’s terrific there is so much readily accessible information online, but still – there is no substitute for having wisdom and experience in your corner. Do not take that long and wind­ing road to home ownership alone my friends. For one it’s lonesome …

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Toronto mortgage broker changing peoples’ lives

Toronto mortgage broker changing peoples’ lives It is hard to put into the words the impact of what Ross can do!!!  I am a HUGE sap and many of these clients and their stories fill me with gratitude!! We really are changing peoples’ lives. Here are a couple of examples: Our most recent client is a …

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AskRoss Toronto rental property questions and answers

AskRoss Toronto rental property questions and answers Dear Ross, can I buy an investment property with a small down payment, like say five or ten percent only? No, you are going to need at least a twenty percent down payment if you want to purchase an investment property. Not many of us have that kind …

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Not the time for short closings in the Toronto real estate market

Not the time for short closings in the Toronto real estate market Strange things are happening in the mortgage world the past few weeks. It’s as if all the government and media’s efforts to slow down the real estate industry are finally taking effect. Couple this with the typical annual Spring Real Estate Market, and everything …

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Toronto mortgage with no down payment is no problem

Toronto mortgage with no down payment is no problem It seems the barriers to entry into Toronto real estate ownership keep getting higher and higher. In recent months we have seen government intervention in mortgage lender guidelines; increased default insurance (CMHC, Genworth or Canada Guaranty) premiums, and a white hot market pushing home prices to …

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Lowest mortgage interest rate

“Ring ring” “Hello, Concierge Mortgage Group – how may we be of service today? “Hi I want to know your best five year rate” “Okay sir, no problem. Will that be a hi-ratio mortgage or are you putting down more than 20%?” “Why does that matter? I just want to know your best rate.” “Well …

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Toronto mortgage rates enter a brand new era

Say hello to a new three tier pricing structure for five year fixed rate mortgages. Hi ratio mortgages will still enjoy the lowest rates. 30 year amortization periods for conventional mortgages will be subject to a premium in many cases – up to 0.15% Rob McLister of Canadian Mortgage Trends has done a tremendous job …

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Top ten reasons to refinance your Toronto mortgage

In the Greater Toronto Area, mortgage rules and guidelines have been in a state of flux for two months. Seems like every week, lenders are modifying or even suspending certain lending programs. Recently affected are rental properties, refinances and the length of amortization periods; and mortgages for self-employed Canadians are even harder to obtain now. …

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Toronto Mortgage rates expected to rise – the Trump effect

Toronto Mortgage rates expected to rise – the Trump effect Last week TD Bank decided to increase their Prime rate from 2.70% to 2.85%. Analysts speculated other banks would follow suit, but not as yet. Yesterday though, a number of significant players in the Canadian mortgage industry suddenly announced significant increases to their five year …

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October 17th, 2016 is day zero for the Canadian Mortgage Industry

Hi ratio mortgage home buyers rushed to beat Oct 17 rule changes Today is the first day Canadian home buyers with less than 20% down payment find themselves with significantly lower purchasing power. Brokers estimate the impact will be to reduce your budget by around 20%. Before today, you did not have to pass this test …

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