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Toronto Mortgage Broker
Trying to qualify for a huge mortgage without sufficient income will not work Caller: Hello is that Ross? I just put an offer on a house for $3.1 million and I want to put it in my sister’s name. Can you do a mortgage for her? Ross: Hi, yes it’s me. I’d be glad to...
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Published: • Reader Asks: “Can We Work With You As Our Broker If We Live In Kitchener?” Hi Ross: We are buying our first house in Kitchener this summer, and we decided we would like your help with our mortgage, as we are regular readers of your articles. But we are concerned about the distance...
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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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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 STOP the legal proceedings.” Mr. and Mrs. Stunned had...
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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 paying off the mortgage, the coverage will kick in and...
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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.” This turned out to be a popular (and somewhat controversial) post, as it...
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October 18, 2010 Six suggestions for avoiding mortgage fraud By DIANNE NICE Globe and Mail Update Don’t be talked into a deal that’s too good to be true Whenever the housing market starts to heat up, so does mortgage and real estate fraud. Buyers rush through deals to avoid losing out, but can end up...
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