Hospice Vaughan Kicks Off the New Year with Celebration of Fundraising Milestone

At a New Year’s Levee held today at Hospice Vaughan, the Hospice staff, volunteers, Board of Directors and our Provincial, Municipal and Federal leaders came together. Hon. Michael A. Tibollo, Minister of Tourism, Culture & Sport and MPP for Vaughan-Woodbridge confirmed the provincial government’s commitment to helping more people get compassionate end-of-life care in a home-like setting. This critical funding …

Looking to Become an Investment Property Owner?

Vaughan Mortgages, Vaughan Mortgage Broker

Many people that I talk to ask me questions about what they would need to do in order to jump into the rental market as a landlord. Investment properties have become a very popular topic, especially with recent news about the average condo rental prices in a variety of areas in the GTA. Have you dreamt of being the owner …

What is a Mortgage Classification?

In the Canadian mortgage market, there are three major classifications of mortgage lenders: Traditional, Sub-Prime & Private. You may already know about traditional sources. These would be your chartered banks (Scotia, TD Bank, RBC,etc..). There are also large virtual mortgage houses such as First National, MCAP, Streetscapital etc. These lenders spotlight primarily on what is called in the industry, the …

Almost End of the Year…

ontario mortgages, investor, mortgage broker vaughan, vaughan mortgages

I get investment questions time and again from people looking for personal investment advice – especially as the year comes to a close and people are looking for a solution to their short and long-term goals. We all want to secure our futures, after all. People always look at products like GIC’s or RRSP’s but there are plenty of options. …

Will a Second Home Mortgage Work for You?

ontario mortgages, best mortgage rate vaughan, best mortgage broker vaughan, mortgage broker vaughan, vaughan

There are many reasons why people I talk to come to see me and look for a mortgage on a second home. Whether looking to invest, purchase a vacation property (cottage or winter getaway) and even help their kids get a home in this new housing market, the most important part of the discussion revolves around whether they’re ready to …

Should I Use a Private Lender?

private lender vauhan, vaughan mortgages, best mortgage broker vaughan, first time home buyer

Going the private lending route can offer advantages to the borrower in many ways. Many investors actually lean on private lenders heavily as it affords them a bit more flexibility in the investment process. A strong relationship is then formed between private lenders and their clients, and as a portfolio grows, the mutual benefits reveal themselves and a long-term business …

I Need to Renew My Mortgage: What Should I Choose? 

Vaughan Mortgages, Vaughan Mortgage Broker

A recent CIBC report estimated that almost HALF of existing mortgages in Canada needed refinancing in 2018. With everything added on top of that (rising interest rates, stress test rules, etc.) and that’s a lot of Canadians who might have found themselves feeling the crunch – or even still, awaiting what feels like an inevitability.  Here’s the thing: It doesn’t …

Making an Informed Decision: Rate Doesn’t Always Equal Product  

ontario mortgage, vaughan mortgage broker, 2019 mortgages, 2020 mortgage rates, best mortgage broker vaughan

The Bank of Canada recently raised interest rates by 0.25 to 1.5 – up from their last hike 6 months ago that saw the rate sit at 1.25. This is now the 4th time interest rates have gone up in the last 12 months.  The current rate is the highest this country has seen since December 2008.  And, if you’re …

The Solopreneur/Self-Employed Mortgage

Vaughan Mortgages, Vaughan Mortgage Broker

Many times, I deal with the self-employed and “solopreneurs” who need to apply or reapply for their mortgage. It’s no secret that lenders look for employment status and a regular income as a baseline for whether you qualify for a mortgage. It’s also no secret that the self-employed face an oftentimes more difficult battle, especially if they’re just starting out. …

Should You Rush to Renew?

Vaughan Mortgages, Vaughan Mortgage Broker

A spike in mortgage renewals, rising interest rates & the stress test rule add-ons seem to be conspiring to make refinancing your mortgage more complicated and more expensive. Rest assured it only seems that way and, while many of you looking to renew will look to your lender from previous mortgages, it’s important you always weigh your options. A recent …