• Don't Let Bad Credit Hold You Back – Get A Hassle-Free Private Mortgage Today!

    Are you looking for a mortgage but don't want to get stuck with a high-interest rate or bad credit score? Consider getting a Private Mortgage! A Private Mortgage is a type of loan provided by private lenders rather than a bank or other financial institution. Private Mortgages often offer higher loan amounts, hassle-free processing &quick turnaround than traditional mortgages, making them an attractive option for…

    Top five Tips to ensure your Mortgage application is Approved

    Homeownership requires very careful and proper preparation. Educating yourself about the key aspects of mortgages will show you what makes you a trustworthy borrower and how to improve your possibilities of getting approved for the best mortgage. To help you navigate the process, Expert Financial Corporation has put together five tips to ensure your mortgage application is approved. Tip 1: You should consider hiring a mortgage…

    Difference between renewing and refinancing a mortgage

      Most homeowners when they first sign on to a new mortgage don’t give a lot of thought to renewing or refinancing their mortgages. But eventually, when their mortgage term is up (most mortgage terms in Canada are five years although they may also be longer or shorter), the time will come for them to renew. Because the words mortgage renewal and mortgage refinancing sound…

    Why Use a Mortgage Broker? Here are 3 Great Reasons Why

    Most people are unaware of the benefits when you use a Mortgage Broker, most people think they are only there for people with Bad Credit or if you have been declined by the Bank or of you need Private Financing. Well, let me just tell you that it is not true. I have been a Broker for many years and I have helped all types…

    Is it a Good Idea to Refinance Your Mortgage?

    Mortgage refinancing is a common strategy that Canadians use to lower their interest payments, consolidate their debt, save money, or access their home equity. But is it really a good idea? The answer is, that it depends on a few factors. Refinancing could save you a lot of money over time, but then again it might not. Or there may be other mortgage strategies that…

    What is the difference between renewing and refinancing a mortgage?

    Most homeowners when they first sign on to a new mortgage don’t give a lot of thought to renewing or refinancing their mortgages. But eventually, when their mortgage term is up (most mortgage terms in Canada are five years although they may also be longer or shorter), the time will come for them to renew. Because the words mortgage renewal and mortgage refinancing sound similar,…

    4 Reasons why you may need a Home Equity Loan

    Many of us have started counting the weeks until summer is finally here. It is the time for homeowners to indulge themselves in the pleasure of home renovations. A Home Equity Line of Credit, or often known as HELOC is a loan where you use the equity in your home as security. It is similar to taking a second mortgage, but the borrower doesn’t receive…

    How Can You Finance Your Home Renovations?

    Your home is an important investment. We all have different reasons as to why we want to renovate. If the family is growing, you want to make more room; it could be to improve the look of your home, or the need to conserve energy, among many other things. Smart renovations will also improve the value and utility of the property. Now that you have…

    Understanding What Unregulated Mortgage Market Means

    Ever heard people speaking about an unregulated mortgage market? It is a market that comprises of lenders who are not within the purview of the banking regulators of Canada. They include private lenders who could be individuals or companies. On the other hand, in a regulated mortgage market, lenders are regulated federally, and in Canada, by the OFSI (Office of the Superintendent of Financial Institutions).…

    What You Need to Know about Rebates through the Green Ontario Fund?

    How does climate change and owning a home relate? You may wonder. Well, in Ontario, a quarter of the greenhouse gas pollution is by buildings. It includes both business and homes. As the Ontario Government tries to reduce pollution, it launched the Green Ontario Fund, last year. It is a program that will incentivize property owners to make their homes energy efficient through offering rebates.…

    Bank vs. Mortgage Broker; Home Buyer’s Dilemma

    The heat in some of Canada’s housing markets and the new regulations by the Office of the Superintendent of Financial Institutions (OFSI), makes home ownership a little bit challenging for a first time homebuyer. To top it up, he or she has to choose between a big Bank or a mortgage broker for their mortgage needs. In 2009 alone, many more people opted for representation…

    Impact of the New Mortgage Rules

    At the start of a New Year, many people strive to make New Year resolutions. Is becoming a homeowner on of them? Well, it may not be an exciting period for first-time homeowners as the new mortgage rules took effect, since the 1st of the year. Previously, only applicants who had a down payment of less than 20%, had to pass a stress test. However,…

    Should I be Pre-Approved for Mortgage?

    Before you start looking at houses as you start your home ownership journey, many will advise you to visit a lender’s office. But why? You wonder. Mortgage pre-approval is a process where a potential lender goes through your documents, credit score, financial status and gives you a letter which indicates the amount of mortgage that you can qualify. To learn more about this process, you…

    Understanding Cash Back Mortgages

    Have you heard of cash back mortgages? Well, this is a type of mortgage where the borrower receives a lump sum amount when the mortgage closes. When purchasing a home, on top of the down payment that you need to make, you may also have to set aside some cash for repairs, renovations or furnishing of the house. A cash back mortgage option gives you…

    Everything you need to Know about Pre-Approved Mortgages

    Are you planning to buy or invest in a property? As you go viewing and asking around for the price range of different property that appeals to you, it's ideal to have a Pre-Approved Mortgage. What is Pre-Approval? It is where the lender goes through your finances and uses that information to determine the maximum amount that they can lend you and the interest rate…

    What is Mortgage Prepayment Privilege?

    We all seek to repay our debts in a short time, and when an opportunity presents itself in which you can clear our debts, we don't think twice about, especially when we are in a position to. The same applies to homeowners. Prepayment privilege is a situation where one can put more money towards repayment of the mortgage. However, if you go ahead and put…