15 Mar

Still think “your bank” will look after your best interest and give you advice that is best for your family?

General

Posted by: K.C. Scherpenberg

Still think “your bank” will look after your best interest and give you advice that is best for your family? Watch this…. Your broker is in the know, start your mortgage financing or refinancing journey here! 705 333 2222 Download the mortgage toolbox – https://www.dlcapp.ca/app/kc-scherpenberg https://www.cbc.ca/player/play/2318735939932

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15 Nov

When it comes to mortgage break penalties, big banks are often the worst

General

Posted by: K.C. Scherpenberg

When it comes to mortgage break penalties, big banks are often the worst SPECIAL TO THE GLOBE AND MAIL PUBLISHED NOVEMBER 13, 2019 UPDATED 1 DAY AGO Committing to a mortgage for five long years exposes people to the most insidious aspect of residential financing: prepayment charges. And when it comes to such charges – the […]

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23 Oct

Buying A House? Here Are Your Down Payment Options

General

Posted by: K.C. Scherpenberg

Wise words from *** from Rob McLister at Ratespy*** Housing prices are ticking up again, with the national average price for homes sold in September reaching $515,500, according to the Canadian Real Estate Association’s latest report. Rising prices puts prospective home buyers into a dilemma when it comes to saving for a down payment. Putting down the […]

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8 Feb

Big-Bank Mortgages Are Comfortable, Popular And The Worst Deal Around!

General

Posted by: K.C. Scherpenberg

THE BLOG Big-Bank Mortgages Are Comfortable, Popular And The Worst Deal Around Why do we stay with them??? Complacency is a big reason. A lack of knowledge is another. 02/07/2019 11:43 EST | Updated 22 hours ago Justin Thouin Co-Founder and CEO of Lowest Rates RBC. TD. BMO. Scotiabank. CIBC. National Bank of Canada…. The Big Six. Whenever […]

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23 Jul

Did You Fib On Your Mortgage Application?

General

Posted by: K.C. Scherpenberg

Documenting income can be done in different ways, talk to your broker, he is in the know! Did You Fib On Your Mortgage Application? There May Be Trouble Ahead Canada Mortgage and Housing Corp. wants better income checks to prevent mortgage fraud. Daniel Tencer – Huffington post.   With house prices rising sharply in some […]

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29 Aug

Using a Mortgage Broker When You Buy Your Home. It’s not just the rate!

General

Posted by: K.C. Scherpenberg

Here is some answers to frequently asked questions and excellent insight published by FSCO, the regulatory body for mortgage agents, brokers and brokerages in Ontario. And NO, it does not cover your bank employees.. they are not required to be licensed or understand mortgages. Using a Mortgage Broker When You Buy Your Home Getting a […]

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30 May

1 in 4 homebuyers had issues after purchase says insurer.

General

Posted by: K.C. Scherpenberg

From our friends at Mortgage Brokernews, Costly repairs could be awaiting homebuyers as a new survey shows that owners may be missing some important factors when renovating or carrying out maintenance. Allstate Canada found that 58 per cent of homeowners are planning to do renovation work but 32 per cent of those are looking at […]

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24 May

Bank of Canada maintains overnight rate target at 1/2 per cent

General

Posted by: K.C. Scherpenberg

Bank of Canada maintains overnight rate target at 1/2 per cent FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario 24 May 2017 Available as: PDF The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 […]

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27 Apr

New Rules effective April 24 2017, from our friends at the Canadian Mortgage Brokers Association

General

Posted by: K.C. Scherpenberg

http://kcscherpenberg.ca/ Regulatory changes that would require home buyers in Ontario to provide comprehensive information regarding their citizenship and place of residence are poised to take effect this Monday (April 24), as the province inaugurates the Prescribed Information for Purposes of Section 5.0.1 Form. The form will accompany the documents involved in land-transfer tax payment. The […]

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