VINE vlog

Informative videos on what's new and happening in the Canadian mortgage industry. 


 

gifted down payment

Did you know the Anti-Money Laundering (AML) act requires that all lenders verify a 30-90 day bank history and transaction paper trail when funds for a downpayment come from an international bank account?

 

Why Pre-Approvals Are Important

It's so important you get trustworthy, credible advice before you make a property purchase. Here’s why...

Fixed vs. Variable Rates

Now might be a good time to re-evaluate your lender and rate options.


Best Time to Renew?

If you have the option to hold off on renewing, take advantage of this opportunity and see what other mortgage options are available to you.

Pre-Construction Condos

Recently purchased a pre-construction condo?
Listen up!


rate promotions

Do you know the best time of year to lock in your mortgage rate?

Get some interest rate exposure

Still deciding whether to go fixed or variable? How about both?


Why use a mortgage agent?

Banks only have one product and one rate. Mortgage Agents on the other hand, have access to over 65 lenders so we can shop around and find a customized financing solution just for you!

CMHC Changes for Self-Employed

CMHC has recently expanded their self-employed program as long as you are generating a positive income. Financing options may be available to those who have been self-employed for as little as one year.


VARIABLE RATES

Since mid-December, the bond yield has continued to go down. While there may be uncertainty, variable rates are still your best option.

Accelerated Mortgage Payments

While accelerated mortgage payments are always a good idea, remember to be realistic and plan for unexpected life expenses that could arise.


Annual Mortgage Checkup

As we approach the end of 2018, it never hurts to take a moment to do an annual checkup on your mortgage as there could be some value in restructuring your current lending options.

Discussing your goals

We always like to start our conversations with clients by asking them what their goals are to ensure we are creating a customized lending solution that fits their needs.


prepaying your mortgage

Why not make prepayments to effectively lower your amortization while protecting your purchasing power and your monthly liabilities.

Senior Client Programs

Looking to unlock funds but the bank isn't giving you a realistic or affordable financing solution?


Recently retired?

Are you an investor with five or more UNITS?

Having trouble accessing funds? Talk to us about equity lending programs.

Live in Ontario and own 5-8 investment properties?


are you self-employed?

Self-employed individuals work hard for their money, so why are they scrutinized when it comes to real estate financing?

What due diligence?

 

If your bank or mortgage agent has not collected your income verification or your source of downpayment, how can you verify if your pre-approval has been confirmed? 


strapped for cash?

mortgage agent vs. mortgage specialist

 

Did you know that you can use your RRSP's towards your down payment? 

Do you know the difference between a Mortgage Agent and Mortgage Specialist at the bank?


the interest-only mortgage is here!

 

This new product from one of our lenders offers interest-only payments, or a combination of interest-only payments and an amortizing payment with both fixed and ARM rates!

UP FOR RENEWAL?

Don't wait until your maturity date, it's always good to review the options available to you.


Rules for Renewal

Did you know that come January 1, 2019, there will also be basic requirements just for reapplying? 

5% Down Payment

If your mortgage is under $500K, you do have the option to put down a minimum of 5%.


secondary homes

Attention all cottage country lovers - this message is for you!
 

it's not always about the rate

Rates are super important, but you should also understand that we always aim to provide you with the best financing solution. 


are appraisals necessary?

Fixed vs. Variable

Unsure of which option to go for? Let us explain and help you decide.

Just because you get approved for a mortgage, doesn't mean that the lender won't like the property. 


breaking a mortgage

Breaking a mortgage isn't necessarily a bad thing, but really comes down to what you are trying to achieve. 

resources for downpayment

Think you can borrow from your credit card to go towards a downpayment? Think again.