2 Jul

What’s the big deal about mortgage penalties?

Mortgage Tips

Posted by: Nicole Hayes

Today please let me share a quick story that illustrates the power of having a mortgage broker on your team – it means far more than just convenience and best rates. Here’s my win of the week: Spotting an Opportunity to Refinance Today, I’m helping a client break a $418,000 mortgage to move to a lower […]

Read More
5 Jun

Explore Canada from Home

General

Posted by: Nicole Hayes

One of our awesome lenders – RMG Mortgages – put together this great resource of online, immersive, virtual entertainment. I just had to share! Entertainment During Self-Isolation We’re fortunate to live in a country rich with culture and beautiful landscapes. Although doors to many attractions may be closed, we can still explore our country and […]

Read More
27 Mar

Why Retiring with a Mortgage Offers the Greatest Peace of Mind

Mortgage Tips

Posted by: Nicole Hayes

Consider a Mortgage Before you Retire Frequently in my work as a mortgage broker, I receive calls from retirees looking for help in accessing their equity in retirement. While I’m always happy to help, the ideal time to have that conversation is before retirement. As a mortgage professional, I see a trend in couples who believe […]

Read More
26 Mar

My Gratitude for a Huge Mortgage Penalty

Mortgage Advice for Home Buyers

Posted by: Nicole Hayes

In preparing for income taxes this year, I reached into the very back of my file cabinet and pulled out the ‘sale’ folder from my first home. Thumbing through those documents led me to personal reflection and sincere gratitude. Twenty-one years ago I bought my first home for $78,000. I was newlywed and overjoyed with purchase […]

Read More
27 Jan

Why the lowest mortgage rate doesn’t mean the lowest cost.

General

Posted by: Nicole Hayes

Did You Know? Mortgages with the lowest rate actually have the highest total cost. Really? Yes. Here’s why. I frequently hear complaints about the disparity in mortgage rates we see today. Does is seem ‘unfair’ that a young adult with average credit and a gifted down payment will be offered the lowest mortgage rate while […]

Read More
9 Aug

Understanding a Standard versus Collateral Charge Mortgage

General

Posted by: Nicole Hayes

More lenders are moving to collateral charge mortgages so it’s becoming increasingly important to understand the differences between a collateral and standard charge mortgage. TD Bank announced in October, 2010 that all new mortgages will be a collateral charge mortgage. ING made the same announcement at the end of 2011 and it is expected that […]

Read More