10 Apr

Why use a Mortgage Broker

General

Posted by: Tracey Brock

  There are generally two ways to get a mortgage in Canada: From a bank, or from a licensed mortgage professional. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, and trust companies … offering […]

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14 Mar

Moving Day Success!

General

Posted by: Tracey Brock

Moving Checklist Moving into a new homewhether it is your first time or fifth time is an exciting time but, it can also be stressful. Don’t despair. Whether you’re doing it yourself, asking friends for a little help or hiring professionals, here is your moving guide to help get you through it. 1.      As Soon As Possible: […]

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13 Mar

Bridge Financing

General

Posted by: Tracey Brock

Bridge Financing Bridge Financing or Bridge loans are designed as a short-term lending option. This loan product has a much higher interest rate and is designed to be paid off once long-term financing is secured. Many use this type of loan when purchasing a new home while trying to sell their existing property. Since these […]

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11 Mar

Mortgage Prepayment Penalties

General

Posted by: Tracey Brock

  Whether you are looking to refinance to pay off debt, purchase a second home/vacation property or invest –  breaking your mortgage is going to cost you! Prepayment penalties are the banks way of recouping the interest lost on a mortgage that doesn’t complete the full closed term that was originally agreed upon by you, […]

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25 Jan

Refinancing my Mortgage

General

Posted by: Tracey Brock

  With the high cost of holiday gift-buying and entertaining now behind you, this may be the perfect time to get the New Year off to a fresh start by refinancing your mortgage and freeing up some money to pay off that high-interest credit card debt. By talking to my Mortgage Team, you may find […]

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3 Jan

Buying vs Renting

General

Posted by: Tracey Brock

BUYING vs RENTING At some point in their lives, most Canadians have probably asked themselves whether it is better to buy or rent a home. Purchasing a home is one of the biggest decisions most people ever make and it is definitely worth consideration before you make that large of purchase.  I mean, I have […]

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21 Mar

What is a Mortgage Amortization?

General

Posted by: Tracey Brock

    What is a Mortgage Amortization? Buying a new home is a very exciting yet at times, confusing moment in your life.  Many of my first time home buyers become overwhelmed with the new terminology that is being thrown at them from all angles.  Beacon Scores, GDS/TDS, Variable Rate, Adjustable Rate, etc.  Today I […]

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30 Jan

Why You want to Have a Professional Realtor!

General

Posted by: Tracey Brock

Why you Need a Professional Realtor®! When you hire a REALTOR® you are not just gaining the support of a professional, but an individual who has hands on experience with today’s Real Estate Market.  REALTORS® are trained and regulated Sales Representatives who must adhere to a strict Code of Ethics and will guide you through every […]

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25 Aug

This Week’s Buzz

General

Posted by: Tracey Brock

This Week’s Buzz January-30-12 Why you Need a Professional Realtor®! When you hire a REALTOR® you are not just gaining the support of a professional, but an individual who has hands on experience with today’s Real Estate Market.  REALTORS® are trained and regulated Sales Representatives who must adhere to a strict Code of Ethics and will […]

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9 Aug

What exactly is a GDS/TDS Ratio

General

Posted by: Tracey Brock

 What exactly is a GDS/TDS Ratio? Are the two standard measures that lenders have relied on to determine one’s ability to pay their mortgage and other debt expenses.  Gross Debt Service Ratio – GDS Is the percentage of a person(s) income required to cover or afford, the total payment of a Mortgage including, principal, interest, […]

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