by Geoff | Aug 11, 2015 | Bank of Canada, Economy, Finances, Getting a Mortgage, Mortgage Broker, Uncategorized
When looking for a mortgage you have two choices, mortgage broker or bank. Ask yourself is a broker or bank going to give you the best possible rates. This should be a big deciding factor when making the decision whether to use a mortgage broker or bank. If you use...
by Geoff | Aug 6, 2015 | Finances, First Time Home Buyers, House Hunting
Buying a home is a great chance to find your dream property and make an investment into your future. Being a first time home buyer can be an exciting, but also overwhelming, experience. As a first time home buyer there are many different parts of the process to learn...
by Geoff | Jul 30, 2015 | Economy, Finances, Mortgage Broker
There are many types of mortgage fraud. One of them is the use of straw borrowers, also known as a straw-man. The term straw-man originated in ancient Rome and is based on the theory that every person has two personas—one of them is as a real human being, and the...
by Geoff | Jul 28, 2015 | Finances, First Time Home Buyers, Getting a Mortgage, GLMG Services
What is loan to Value? Lending money is a risky business, and lenders today look very closely at a person’s financial health before granting a loan. Lenders’ greatest concern is the loan going into default and losing their investment. To help avoid this, they look at...
by Geoff | Jul 27, 2015 | Bank of Canada, Economy, Finances, Mortgage Broker, Rates
One of the biggest questions we receive is “What is better, variable or fixed interest rate?” The answer really depends on you! Here are some things to look at when considering a variable or a fixed rate: Risk – variable rates follow the Bank of Canada. When...
by Geoff | May 26, 2015 | Finances
Let’s proceed on the assumption that you’re taking out an individual construction loan. Such loans, which can be tough to get without a previous banking history because of the lack of collateral (a finished home), have special guidelines and include...
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