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Toronto mortgage
“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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Power of sales process stopped just in time Sandra has been a loyal bank customer for more than thirty years, and when she ran into financial difficulties from losing her job last year, she looked to the bank for a sympathetic ear. She was falling behind in her mortgage payments and property tax payments – she...
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Think outside of the bank Most of us have accounts with a chartered bank, so it’s natural we turn to them when we need a mortgage. “It’s convenient to have it all in one place” “They know my situation best” “My family has always done their mortgage with …..” “I don’t trust those other guys”…..these are a few of the...
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Can I Refinance to 90 % LTV Ratio? Dear Ross, I live in British Columbia and would like to know if it is possible to refinance our home up to 90% loan to value ratio? Do you guys do that in Toronto? Thanks, C.D., Kelowna. Thanks for reaching out Charlotte. Sorry, there is no good...
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Mortgage Free Retirees Need a Bridge Loan Dear Ross, we finally decided to sell the family home in Markham and move to a waterfront condo near Oakville, Ontario. It just didn’t make sense to maintain a four bedroom house, when it’s just the two of us. Our purchase closing date is September 6th, but our...
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Bridge Mortgages are Cheap and Convenient I’ve noticed the need for bridge mortgages has increased over the past year. The need arises when the sale of your home closes sometime after the day your purchase closes. In most cases you will already know your home has been sold, and all conditions waived, however the closing...
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Newlyweds’ Mortgage Declined Because of Bad Credit Dear Ross, my fiancee and I have sold our homes and plan to buy a new house as soon as we are married. We went to his bank and mine for a mortgage approval, and were declined pretty quickly. We make over $150,000 between us, and we have...
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Spousal Consent Needed When Buying A Rental Property? Hi Ross, my husband has made an offer to purchase a condo in Toronto. He says the rental property is for investment purposes, and he plans to rent it out as soon as he takes possession of the property. I am not in favor of this idea;...
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