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Mortgage Blog

Bridge Financing

Bridge Financing Explained

What Is Bridge Financing and When Do You Need It?
We bridge-the-gap and explain when its required, how it works and what it costs! 

Bridge financing is for homeowners who have purchased a new house but the closing date for the new place is earlier than the closing date for the sale of their existing home.

 Here is a typical situation where bridge …

  • Posted: July 17, 2013
  • Tags: Mortgages
  • Comments: 0

How Arguments About Money Hurt Your Relationship (And What You Can Do About It)

Guest Blog from PhD Amy Muise describing research on Money & Relationships
Do you and your partner argue about money? Maybe you disagree about how to spend your money – one wants to save for a down payment on a house while the other wants spend the money on a European vacation. Perhaps one partner makes more money than the other and it is difficult to fairly divide the …

  • Posted: June 9, 2013
  • Tags: Mortgages
  • Comments: 0
Things to Think About When Shopping for a Mortgage

7 Things to Think About When Shopping for a Mortgage (Besides Rates)

When shopping out the best mortgage for my clients, I of course consider who has the best 3, 5 and 10 year rates, but rates are not the only criteria I use to evaluate a lender. Often several lenders offer comparable rates, the idea here is that you can customize your mortgage to meet YOUR needs, rate is only one criteria.

Here are seven key criteria to …

  • Posted: April 20, 2013
  • Tags: Mortgages
  • Comments: 0
homeownership as a relationship decision

Do those who buy together stay together?

Treating Homeownership As A Relationship Decision
Buying your first home? Chances are this is not only a financial decision, but a relationship decision as well. In Canada, 76% of first time homebuyers made the purchase with a romantic partner.1 Given that financial issues are one of the most common problems in romantic relationships2 – beat out only by balancing work and family obligations and deciding how frequently to have sex (for more …

  • Posted: March 6, 2013
  • Tags: Mortgages
  • Comments: 0

3rd Annual Client Night!

An evening celebrating YOU
Another amazing evening with the most important people in our business …YOU!

Thank you for coming to celebrate with us and for all your great support.  Here’s a small recap of some of the nights events and people:

This event reminds me how lucky I am to be able to surround myself with best friends that allow me the privilege to be part of their most important …

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  • Posted: May 29, 2012
  • Tags: Mortgages
  • Comments: 0
Your 2012 Federal Budget

Your 2012 Federal Budget

Great News as Mortgages remain with 30 yr amortizations and only 5% down required to purchase … we actually still have $0 down, ask me how!

I have comprised a summary of key points I find relevant and important for you.

Budget: Highlights of the 2012 federal budget

The budget will:

Gradually raise the age of eligibility …

  • Posted: March 30, 2012
  • Tags: Mortgages
  • Comments: 0
40 yr mortgages

Who still does 40 year mortgages?

We DO!
None of the large banks can offer a 40 year mortgage, not even ING or other online banks … But WE CAN …and at even better than bank rates  !

WHY would you need a 40 yr mortgage?

Take clients: Joe and Joanna Johnson *actual names changed

 

They’re selling their current home and purchasing a new home with 20% down.

They …

  • Posted: March 5, 2012
  • Tags: Mortgages
  • Comments: 0
Fixed Rate or Variable Rate

Fixed Rate or Variable Rate……has the choice become easier?

Whether I’m in my office, getting a hair cut or enjoying a friends wedding … I’m continually asked “SHOULD I LOCK IN MY MORTGAGE ??”

And if you don’t already have a mortgage …then “What’s best, fixed or variable” ??? 

If you’re reading this, then you probably fall into one of the above and so below is summary of a webinar put on by Merix

(one of …

  • Posted: October 2, 2011
  • Tags: Mortgages
  • Comments: 1
1st Class - Line Of Credit

Financial Ed 101 – 6th Class: CREDIT BUREAUS

Don’t fear your credit bureau … get to know it & embrace it!!
The most common misconception in finance we find: credit bureau’s. Raise your hand if you believe one of these:

1. I have my utilities (phone, cable, internet)  in my name, so that establishes my credit.

    A: (No Dice, only if it goes to collections friend!)

2. …

  • Posted: June 28, 2011
  • Tags: Mortgages
  • Comments: 0
1st Class - Line Of Credit

Financial Ed 101 – 5th class: “The 5 C’s Of Borrowing”

We don’t mean of diamonds, it’s the 5 C’s of Borrowing!
Almost 10 years ago I completed my “credit training” … essentially they should have called the course: “How to judge a person in 5 steps”

Thousands of mortgages later and we’re still always perfecting this technique and feel as a consumer YOU should know how each bank and broker is judging YOUR application and criteria.

(to see an example of the …

  • Posted: May 26, 2011
  • Tags: Mortgages
  • Comments: 0

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5044 Fairview St,
Burlington, ON
L7L 0B4

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Office: (289) 337-4029
james@loewengroup.ca
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