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Category Archives: Mortgages

Common Costs – What to Expect at Closing

Becoming a homeowner is much more involved than just paying towards your Burlington mortgage every month. As a first-time homebuyer, you may be unaware of the additional costs such as the tree services and trimming, along with other lawn-care issues associated with purchasing a home. So to help you get a better understanding, our team at Loewen Group Mortgages has created a list of the most common costs to …

Why Should You Get Pre-Approved For A Mortgage - Burlington Mortgage

Why Should You Get Pre-Approved For A Mortgage?

Congratulations on making the decision to become a homeowner. Before you start shopping around the market it is important to get pre-approved for a mortgage so you do not limit your possibilities. As your Burlington mortgage broker, our team has made a list of the top 5 reasons why you should get pre-approved.

Know your affordability:

Pre-approval informs you on exactly how much you can borrow from a lender. Being aware …

  • Posted: April 9, 2018
  • Tags: Mortgages
  • Comments: 0
Mortgage insurance

Mortgage Insurance

If you are a first time homebuyer, the mortgage process can be very confusing due to the variety of mortgage options out there. As your local mortgage broker in Burlington, we have compiled a list of mortgage insurance explanations to help ease this confusion.

What is Mortgage Insurance?

Mortgage insurance, also known as mortgage default insurance, is insurance a homebuyer gets that protects the lender and the investor. You might be wondering …

  • Posted: March 7, 2018
  • Tags: Mortgages
  • Comments: 0
Burlington Ontario Market Update

Burlington Market Update – No Signs of Cooling Off

At the James Loewen Group of Burlington mortgage brokers, we take pride on keeping up to date on the latest real estate and mortgage trends. This allows us to find the best mortgage for you, no matter what the situation is.

As we enter the new year the Burlington real estate market remains strong. In December there were 753 sales reported by the REALTORS® Association of Hamilton-Burlington (RAHB). While this …

  • Posted: February 9, 2018
  • Tags: Mortgages
  • Comments: 0

The Pre-Approval Premium Parody!!

Why The Rate You Hold, May Not Be The Rate You Receive.

Have you ever purchased a Jeep and then all around you it seems EVERYONE is driving a jeep as well? The Baader-Meinhof phenomenon occurs when someone learns the meaning of a new word and then comes across this word everywhere they go. We see this in mortgages a lot: a client gets pre-approved for a mortgage with their pre-approval …

  • Posted: January 26, 2018
  • Tags: Mortgages
  • Comments: 1
Halton Region Homebuyers - Loewen Group

Buying a Home in the Halton Region? It Could Soon Get More Difficult

Whether you live in Burlington, Oakville, Milton or another area within the Halton Region, you are going to want to read about this.

As if it wasn’t difficult enough to purchase a property in the area, buying a home within the region could soon become much more difficult. We already know that you have to spend a pretty dollar to secure the home you want, but new mortgage regulations announced …

Ongoing Mortgage Management: Customer Service

Loewen Group is Century 21’s in-house mortgage team. We often give informative presentations.

Click the link below to read our presentation from Nov, 20th, 2017.

C21 Presentation Nov 20

  • Posted: November 22, 2017
  • Tags: Mortgages
  • Comments: 0

Stress Test Rules Getting You Stressed Out?

It’s OK, we’re here to help!

When most people think of a “stress test” they think of engaging in strenuous exercise to see how their heart performs under extreme conditions. In the mortgage world, a stress test applies a similar idea to the approval process—testing whether your budget can withstand a more extreme (higher) mortgage rate than current rate. The idea is to …

  • Posted: October 25, 2017
  • Tags: Mortgages
  • Comments: 0

Deposit……Down-payment……Same thing right??

When buying a new home, especially as a First Time Home Buyer it’s easy to get terms mixed up or misunderstood. Something as simple as deposit and down-payment might seem like they’re the same thing, but in fact they’re not….
The deposit is the amount of money that you put down to secure the property that you are purchasing. A deposit …

  • Posted: August 3, 2017
  • Tags: Mortgages
  • Comments: 0

Purchasing a new build condo soon….Here are some things you need to know!!!

Ever get confused with what the difference between Interim Occupancy date and Registration date are? Let’s see if we can help clarify that for you…..

Apples and oranges aren’t the same thing….neither is Interim Occupancy Date and Registration Date. When purchasing a new build condo there are some key elements to keep in mind.

The period between occupancy (i.e. when you move into a new house) and the final closing …

  • Posted: August 2, 2017
  • Tags: Mortgages
  • Comments: 0

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L7L 0B4


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