Mortgage Foundations

<p>Discussing the Federal Government's announcement of 30yr amortization for first-time homebuyers and the increase of the maximum price cap to $1.5M!</p>

<p>Explaining the pros and cons of a debt consolidation mortgage refinance.</p>

<p>Ever wonder how a Mortgage Broker gets paid for their services? Find out in today's epsiode where we discuss who pays a Mortgage Broker (hint - it is normally the lender)!</p>

<p>What does your credit score have to do with the interest rate for your mortgage? Today's episode explains that for many mortgages, the score alone may not affect much and it is the credit history and explanations...

<p>Both fixed and variable rates may be coming down and we may find ourselves in a decreasing rate environment. Today's episode hom this type of environment can affect an upcoming renewal, current mortgage commitment...

<p>Today's epsiode explains the difference between the mortgage term and the mortgage amortization!</p>

<p>How does a Bank Of Canada rate cut affect a mortgage payment? Today's epsiode gives an idea of how a rate cut will affect a mortgage payment, or how it will affect the allocation of a payment to principal and...

<p>Today's epsiode explains what a Home Equity Line Of Credit, or HELOC is, and discusses how it can be used to assist with your financing needs!</p>

<p>Today's epsiode explains what the Gross Debt Service (GDS) and Total Debt Service (TDS) ratios are and how the two calculations are used when qualifying you for a mortgage!</p>

<p>Today's episode explains the difference between a co-signer and a guarantor. Listen to the podcast to learn the pros and cons of each one!</p>

<p>In this episode we explain the difference between the interest rate and the Annual Percentage Rate (APR).<br /><br />For questions on this or anything else mortgage related you can reach Tyler at (905) 440-5392 or...

<p>This episode discusses the Bank Of Canada rate cut and focusses on the effects for variable mortgage holders; as well as the potential effects on fixed rate mortgages.</p>

<p>Today's episode discusses what a Bridge Loan is and how it could be benficial to purchase a home sooner than the closing of the home you are selling!</p>

<p>Today's episode discusses the Captial Gains Tax on property sales and when it does and does not apply.</p>

<p>Getting a mortgage when you are self-employed of business-for-self can be challenging. Today's episode explains why this may be and gives an overview of how, and why, these mortgages differ from others!</p>