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Category: Mortgage Tips & Advice (46 posts)

  • October 19, 2018 @ 9:53 AM
  • Posted by Sarah Collins

Less Mortgage. Higher Rate. What Gives?

Less mortgage. Higher rate. What gives? Think that mortgage rates are suddenly very confusing? It’s not your imagination. New Canadian mortgage rules have changed the way lenders operate in Can

  • March 20, 2018 @ 10:57 AM
  • Posted by Sarah Collins

This Is Why Mortgage Rates Are Suddenly Way More Complicated

This Is Why Mortgage Rates Are Suddenly Way More Complicated If you’ve been shopping for a mortgage lately, you’ll have figured out that rates can be all over the map. That’s becau

  • January 22, 2018 @ 3:24 PM
  • Posted by Sarah Collins

Save. Smash. Spend

Save. Smash. Spend We all have our wish lists of things we'd like to buy if we could only save the money! Whether it's a family vacation, dream wedding or a home renovation; a Terramundi Po

  • January 3, 2018 @ 11:06 AM
  • Posted by Sarah Collins

For 2018: Ten mortgage tips you won’t get from your bank

For 2018: Ten mortgage tips you won’t get from your bank More new mortgage rules come into effect January 1, which will make it trickier to negotiate a mortgage for many Canadians. But with a

  • August 2, 2017 @ 11:12 AM
  • Posted by Sarah Collins

After the rate hike…what’s next?

After the rate hike…what’s next? On July 12th, for the first time in seven years, the Bank of Canada increased the overnight rate by .25%, withdrawing some of the stimulus that was nee

  • July 18, 2017 @ 10:13 AM
  • Posted by Sarah Collins

Home Appraisals 101

Home Appraisals 101 When you get a new mortgage, an appraisal of the subject property is often required by your lender. An appraisal is an unbiased determination by an accredited appraiser of the est

  • May 30, 2017 @ 2:39 PM
  • Posted by Sarah Collins

“Conditional on financing”: the most important part of your offer

“Conditional on financing”: the most important part of your offer When you find the condo or house of your dreams and want to make an offer, do you need a financing condition?  Unles

  • May 23, 2017 @ 3:44 PM
  • Posted by Sarah Collins

Bridge financing: what you need to know

Bridge financing: what you need to know A bridge loan is a short-term financing tool that helps you “bridge” the gap between old and new mortgages when you move from one home to another.

  • January 4, 2017 @ 9:52 AM
  • Posted by

Surviving and Thriving: Your Mortgage Blueprint for 2017

  Canadians are definitely talking about the housing market – what do the new mortgage rules mean, is this the right time to buy, have mortgage rates bottomed out, is a lender’s re

  • November 29, 2016 @ 8:20 PM
  • Posted by

5 ways to improve mortgage qualifying success

5 ways to improve mortgage qualifying success Yes, new mortgage rules have made it harder to qualify for a mortgage, whether you are a first-time buyer or looking to renew or refinance your mortgage

  • October 19, 2016 @ 11:35 AM
  • Posted by

The Five 'C's' of Credit

The Five “C's' of Credit Going to a lender to ask for a mortgage can be a nerve-wracking experience when you’re not sure what to expect. Before you go looking for credit, take a few min

  • October 13, 2016 @ 5:12 PM
  • Posted by

Your Home's Fall Checklist

Your Home's Fall Checklist It’s time to start thinking about preparing your home for the colder weather; a few little things can make a big difference for your home and save you time

  • September 28, 2016 @ 9:20 AM
  • Posted by

Which renovations go right to your bottom line?

Which renovations go right to your bottom line? Whether you are looking to buy a fixer upper or renovate your existing home to improve the quality of life for you and your family, it’s worthw

  • September 15, 2016 @ 3:34 PM
  • Posted by

Can you tell good debt from bad? Try our quick quiz:

Can you tell good debt from bad? Try our quick quiz: No one really likes the idea of “debt”. It represents something that is owed: an obligation. But not all debt is actually “bad&r

  • September 12, 2016 @ 12:26 PM
  • Posted by

5 ways to plug the money leaks!

5 ways to plug the money leaks!   The brisk back-to-work attitude of September makes it a great time to review your finances and particularly your spending. Whether you are saving to buy a ho

  • August 21, 2016 @ 12:15 PM
  • Posted by

Smooth move! Nine tips to survive the buy/sell

Smooth move! Nine tips to survive the buy/sell So there’s a move in your future. It can be a stressful juggling act: selling one home, buying another. We deal with this all the time and have so

  • August 10, 2016 @ 9:33 AM
  • Posted by

6 Reasons To Get Unlimited Private Lessons With A Pro!

6 reasons to get unlimited private lessons with a pro! If that was a poster at the golf course with the word FREE, you’d be signing up, right? Well, this is better. When you work with us, you

  • August 2, 2016 @ 7:33 PM
  • Posted by

Appraisal or Home Inspection. What Is the Difference?

Appraisal or Home Inspection… What’s the Difference?   Often during the homebuying process, home inspections and appraisals are both common practices. So what’s the differe

  • July 26, 2016 @ 7:34 AM
  • Posted by

Self-Employed Mortgage Wall

Self-Employed Mortgage Wall - Mortgage Inteligence from Invis Mortgage Intelligence on Vimeo.   If you’re self-employed, you may have already experienced “the wall”.  T

  • July 8, 2016 @ 10:14 AM
  • Posted by

Ten Easy Ways to Stay on Budget this Summer

Ten Easy Ways to Stay on Budget this Summer The lazy days of summer are here and with them come plenty of ways to spend. Here’s some easy tips to keep your budget on track through the sunny sea

  • June 27, 2016 @ 3:25 PM
  • Posted by

Which mortgage features are the most important?

Which Mortgage Features Are The Most Important? It’s easy to look online for a mortgage rate. But rate is only one aspect of saving money on your mortgage over the long term. It’s essenti

  • May 10, 2016 @ 9:15 AM
  • Posted by

Give Yourself Some Credit

Give Yourself Some Credit     When your mortgage application is being considered, your lender will look at your credit habits: do you pay your bills on time? Do you tend to get over-exten

  • April 27, 2016 @ 10:57 AM
  • Posted by

Anatomy of a Mortgage Intelligence Broker

For many Canadians, mortgage payments are their single biggest expense. Yet most don't comparison shop to ensure they're getting the best mortgage rate and terms available, which can cost tens of thou

  • April 25, 2016 @ 7:50 AM
  • Posted by

What is the Qualifying Rate?

What is the Qualifying Rate? In 2010, the Department of Finance introduced the Qualifying Rate as a new way to assess borrower eligibility and ensure borrowers can handle their payments should rates

  • April 19, 2016 @ 9:50 AM
  • Posted by

Home Buying Preparedness: Understand your closing costs and ongoing expenses

Home Buying Preparedness   Understand your closing costs and ongoing expenses   According to a TD Canada Trust First-Time Home Buyers Report, one of the biggest lessons learned by 60 per

  • April 12, 2016 @ 6:05 PM
  • Posted by

Build It! Two Mortgages To Help You Build Your Dream Home

Build It! Two mortgages to help you build your dream home   Thinking about building your dream home? It’ll be one of the most exciting adventures of your life!  Whether you’re

  • March 22, 2016 @ 12:38 PM
  • Posted by

When Bad Things Happen to Good People: 10 Tips on Obtaining a Mortgage After Bankruptcy

When Bad Things Happen to Good People: 10 Tips on Obtaining a Mortgage After Bankruptcy Many Canadians find themselves bogged down with a bad credit rating for the wrong reason – illness, losin

  • March 18, 2016 @ 11:47 AM
  • Posted by

Spring cleaning your debt could save you thousands!

Spring cleaning your debt could save you thousands! Wouldn’t spring cleaning be so much more gratifying if – somewhere under dusty barbecue parts and outgrown hockey skates – you fo

  • March 3, 2016 @ 6:37 AM
  • Posted by

Show me the money! What you need to know about your downpayment

   Show me the money! What you need to know about your downpayment You’ve got your downpayment and you’re ready to go. Congratulations! Soon you’ll need to verify that do

  • February 22, 2016 @ 9:10 AM
  • Posted by

The Mortgage Kit: Start with proof of your income

The Mortgage Kit:  Start with proof of your income     We’ve all heard the scout motto “Be prepared”. It’s great advice if you need a mortgage. Assembling eve

  • February 15, 2016 @ 7:16 PM
  • Posted by

A peek behind deeply discounted 5-year rates.

A peek behind deeply discounted 5-year rates. When considering a deeply discounted 5-year rate, keep in mind that cheapest isn’t always best. Strangely, we know that’s true when we’

  • January 25, 2016 @ 11:00 AM
  • Posted by

Seven signs you may need a mortgage tune-up

  Did you know... ... that just like your car or your home, your mortgage can benefit from a seasonal inspection! Your car gets taken in for regular servicing to keep it running for the long t

  • December 29, 2015 @ 10:17 AM
  • Posted by

I RESOLVE to clear these holiday bills and start building wealth

    I RESOLVE… to clear these holiday bills and start building wealth!   Most Canadians suffer with their highest personal debt load in January, when the “holiday hit

  • December 14, 2015 @ 9:16 AM
  • Posted by

What's on your bucket list?

What’s on your bucket list?   Your bucket list includes all the goals you want to achieve, and the life experiences and dreams you want to fulfill. It’s often viewed as a &ldqu

  • December 1, 2015 @ 9:08 AM
  • Posted by

Home maintenance tips for the most grueling season - Winter

Home maintenance tips for the most grueling season - winter Your house is an important investment that you want to keep in tip top shape, especially if you are planning to be there for the foreseea

  • November 16, 2015 @ 11:00 AM
  • Posted by

Mortgage Closing Tips

Mortgage Closing Tips   What you should and shouldn’t do right before your mortgage funds. While you may have a pre-approved or approved mortgage, it doesn’t fund until the day you

  • November 9, 2015 @ 10:49 AM
  • Posted by

Six Ways To Boost Your Credit Score

      Six ways to boost your credit score   Your credit score is essentially your passport to financial opportunities. With a possible range of 300 to 900, your number tells l

  • November 4, 2015 @ 10:39 AM
  • Posted by

Financial comfort and joy

  Financial comfort and joy It’s tempting to overspend at this time of the year so take a quick assessment of your financial situation before you get started on your holiday shopping.&n

  • October 26, 2015 @ 8:52 AM
  • Posted by

People don't fit in boxes!

People don’t fit in boxes! If you need a mortgage, you can try and fit into the neat little boxes at the bank, or you can come to us first.We don’t have boxes, we have solutions!  

  • October 22, 2015 @ 9:04 AM
  • Posted by

Knowing Your Prepayment Penalty

All things being equal, choose your mortgage with the best prepayment penalty   It’s impossible to plan on many of the things that will happen in our lives, like a job loss, illness, di

  • October 13, 2015 @ 1:53 PM
  • Posted by

Watch out for the collarteral charge mortgage!

    Watch out for the collateral charge mortgage. It sounds like a good idea… and sometimes it is. A “collateral charge mortgage” is offered by several Canadian banks

  • October 6, 2015 @ 8:43 AM
  • Posted by

Five Reasons Why You Should Let Renters Help Pay Your Mortgage

Five Reasons Why You Should Let Renters Help Pay Your Mortgage   Are you a savvy homebuyer? Then let renters help pay your mortgage. Recently Canada Mortgage and House Corporation (CMHC) anno

  • August 10, 2015 @ 3:13 PM
  • Posted by

Your mortgage could be a goldmine of potential savings

Your mortgage could be a goldmine of potential savings A penny saved is a penny earned! By making the right decisions, your mortgage could be a goldmine of potential savings. With access to a broad

  • April 8, 2015 @ 7:29 PM
  • Posted by

4 Strategies That Can Help You Get PreApproved

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es

  • February 23, 2015 @ 12:54 PM
  • Posted by

5 easy ways to be mortgage free sooner!

We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l

  • September 30, 2014 @ 7:10 PM
  • Posted by

2 Out of 3 Do Not shop at Renewal

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expec