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Mortgage Rates
How can you take over a mortgage for someone else? Dear Ross: We live with our parents now after selling our own house two years ago. They are having difficulty making their mortgage payments (it’s a HELOC with a balance owing of $372,000), and we have all agreed Loras and I will assume some ownership...
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Getting a mortgage isn’t always about the interest rate! Dear Ross, I live in Dundas, Ontario, and I am considering a 10 year mortgage @ 3.98% from First National. I have been variable with PCF for 12 yrs (prime – 0.9% currently, past few years) PCF might match the FN rate. Better to stay with...
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If you don’t have the income to support a high mortgage, it’s not a realistic ask! Me: Hello, this is Ross Taylor speaking. Caller: Hi, I see you are offering a 2.99% five year, fixed rate mortgage. Is that the BMO product? Me: No sir, that is not something I have access to, but actually...
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Could this be the start of a new era of aggressive mortgage pricing? After a hugely successful pricing campaign for their low rate, five year mortgage product offering, BMO has come back down to earth today and reset their rate to a more typical (for them) 3.49%. The past few weeks have been frenetic in...
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When your home is less valuable than your mortgage Last month, a friend referred a couple to me who had just received a mortgage default notice from their mortgage lender. The lender’s letter stated they “will not grant any further extensions of time for payment of the arrears. Partial payments are not acceptable and WILL NOT...
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How to get an insurance that actually protects you Today’s article content was provided by Michael Bronstine of GBK  Strategic Financial Partners. Their website is here. “If you have a mortgage on your home, chances are good you also have mortgage insurance. The idea is that if you should become seriously ill or die before...
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Published: • What is the real value and role of a mortgage broker? Recently there has been a flurry of controversial writing in the blogosphere about the role and value of mortgage brokers in Canada. It was initially sparked by Robb Engen – who wrote “Four reasons why I do not use a mortgage broker.”...
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How to avoid mortgage fraud – tips from a pro Here is an article by Dianne Nice from the Globe and Mail that was published October 18, 2010. Six suggestions for avoiding mortgage fraud By DIANNE NICE Globe and Mail Update Whenever the housing market starts to heat up, so does mortgage and real estate...
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