10 Jul

20 TERMS THAT HOMEBUYERS NEED TO KNOW

Mortgage Tips

Posted by: Darick Battaglia

Buying a home is one of the most important financial decisions you will make. It’s common for a first-time homebuyer to be overwhelmed when it comes to real estate industry jargon, so this BLOG is to help make some of the jargon understandable. To help you understand the process and have confidence in your choices, […]

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9 Jul

5 MORTGAGE TIPS TO HELP YOU AFFORD A HOME

Mortgage Tips

Posted by: Darick Battaglia

Buying a home is more difficult now than ever—and this is not news to anyone! No matter where you live, the recent stress testing measures, increase in housing prices in major cities, and continued increase of the cost of living all combine to make home ownership a daunting task. But we do want to offer […]

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4 Jul

TECHNOLOGY IN MORTGAGES AND REAL ESTATE

Mortgage Tips

Posted by: Darick Battaglia

Technology is already playing a huge role in the mortgage industry. In the past, mortgage applications had to be physically taken by hand and faxed in (what’s fax anyways?!)… It may soon by possible, with technology’s help, for borrowers to be able to fill out their own application and send it, along with all supporting […]

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21 Jun

HOW TO GET A 5% DOWN PAYMENT FOR A $500,000 PURCHASE

Mortgage Tips

Posted by: Darick Battaglia

We have seen a return of the buyers’ market and many people are asking, how long will this last? While some renters without a down payment might be asking, how can o put a plan in place to own? With the cost of living so high, and student debts coming out of school, many consumers […]

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20 Jun

MORTGAGE BROKER HISTORY AND MORTGAGE APPLICATIONS

Mortgage Tips

Posted by: Darick Battaglia

In the past, we had banks (bank as a catch all for credit unions and trust companies) and Mortgage Brokers. Writing mortgage applications is extremely difficult; there are a lot of moving parts in a mortgage. Because of this, banks employ mortgage specialists whose sole role is to provide mortgage advice. On the other hand, […]

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13 Jun

99 YEAR MORTGAGES AND THE POWER OF AMORTIZATION

Mortgage Tips

Posted by: Darick Battaglia

Back in the late 80’s, the Japanese housing market came to a grinding halt. Homes were no longer affordable for your average Japanese consumer. The government came to the rescue with a novel idea: 99 year mortgages. You could buy a house, pay lower more affordable payments, your son or daughter would take over and […]

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12 Jun

WHO REALLY SETS INTEREST RATES?

Mortgage Tips

Posted by: Darick Battaglia

A recent article in the Huffington Post addressed the pricing strategy for the Big Six Banks, BMO, CIBC, National Bank, RBC, Scotia and TD and who really sets interest rates. RBC announcing a rate drop in January and the other banks soon followed. For consumers the banks are seen as leaders of the pack and […]

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11 Jun

3 STEPS TO TAKE YOU FROM PRE-APPROVAL TO GETTING THE KEYS

Mortgage Tips

Posted by: Darick Battaglia

Picture this: You’ve finally been able to put away enough for a down-payment on your dream home. It’s taken you five years of diligent saving, but you did it! You have also been diligently working on improving your credit score and paying off debts and are at a place of financial stability. So, first of […]

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6 Jun

WHICH MORTGAGE LENDER IS BEST FOR YOU?

Mortgage Tips

Posted by: Darick Battaglia

The following is a summary of the choices available for clients when looking at the four different types of lending groups. So what exactly is a lender? By simple definition, a mortgage lender provides financing for a real estate purchase hence the word lend. Which lender is best for you will all depend on who […]

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4 Jun

CREDIT CARDS FOR THE CREDIT CHALLENGED

Mortgage Tips

Posted by: Darick Battaglia

If you want to buy a home and don’t have a bucket load of cash – you are going to need a mortgage. In order to get a mortgage, you are going to need credit… When you get a mortgage, banks lend you “their” money and secure the loan against the property you are buying. […]

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