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Category: Mortgages (50 posts)
Home Appraisal Challenges: Why Not Use Your Appraisal Advocates
September 7, 2023 | Posted by: Keith Leighton
Home Appraisal Challenges: Why Not Use Your Appraisal Advocates Getting the best mortgage appraisal is crucial because it can affect your ability to secure a mortgage loan, refinance your existing ... [read more]
Elevate Your Homebuying Strategy with Mortgage Portability
August 30, 2023 | Posted by: Keith Leighton
Elevate Your Homebuying Strategy with Mortgage Portability When it comes to getting a mortgage, one of the more overlooked elements is the option to be able to port the loan down the line. Mortgag ... [read more]
Break Free from Big Banks - Enhance Your Mortgage Experience
August 17, 2023 | Posted by: Keith Leighton
Break Free from Big Banks: Enhance Your Mortgage Options It’s tough to get a mortgage these days. New and existing clients are being turned down by their bank. Mortgage lenders are being pre ... [read more]
What You Need to Know About Mortgage Rates.
July 7, 2023 | Posted by: Keith Leighton
What You Need to Know About Mortgage Rates While not the only factor to look at when choosing a mortgage, interest rates continue to be one of the more prominent decision criteria with any mortgage ... [read more]
Job Loss and Your Mortgage Application
June 9, 2023 | Posted by: Keith Leighton
Job Loss and Your Mortgage Application Whether you’ve made an offer on a home already or are still in the process of looking, you already understand that buying a home is likely the largest i ... [read more]
5 Tips to Pay Off Your Mortgage Faster
May 18, 2023 | Posted by: Keith Leighton
5 Tips to Pay Off Your Mortgage Faster Many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off you ... [read more]
What You Should Know About Mortgage Amortization
May 12, 2023 | Posted by: Keith Leighton
What You Should Know About Mortgage Amortization Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, ... [read more]
Use a Trusted Mortgage Professional to Secure the Right Mortgage for You!
April 28, 2023 | Posted by: Keith Leighton
Whether you're buying your very first home, moving to a new property, purchasing a vacation or investment property, or renewing or refinancing an existing mortgage, there are many considerations t ... [read more]
Key Steps to Getting a Mortgage
April 19, 2023 | Posted by: Keith Leighton
Key Steps to Getting a Mortgage While the mortgage process can be daunting, we have broken it down into 5 easy steps to help you get started! Plus, a DLC Ideal Mortgage expert is happy to help guid ... [read more]
Make Your Mortgage Work for You
April 6, 2023 | Posted by: Keith Leighton
Make Your Mortgage Work for You. When it comes to mortgages, it can be easy to get overwhelmed by the sheer number of options! Fortunately, we are here to help! Below are some of the mortgage detai ... [read more]
How do I compare mortgages?
March 24, 2023 | Posted by: Keith Leighton
How do I compare mortgages? The best mortgage for your situation should meet your needs while providing the lowest rates and the best terms and conditions.Decide on a loan type. Learn more about wh ... [read more]
8 Important Overlooked Mortgage Factors To Consider
November 17, 2022 | Posted by: Keith Leighton
8 Important Overlooked Mortgage Factors To Consider When it comes to getting a mortgage, there is a common misperception that a low rate is the most important factor. However, while your rate does ... [read more]
How to Choose the Best Mortgage for You (Part 3 of 3)
October 6, 2022 | Posted by: Keith Leighton
How to Choose the Best Mortgage for You(Part 3 of 3) Shopping for a mortgage can affect how much you pay each month and over the life of the loan. Doing your research before you buy can save you mo ... [read more]
How to Choose the Best Mortgage for You (Part 2 of 3)
October 4, 2022 | Posted by: Keith Leighton
How to Choose the Best Mortgage for You(Part 2 of 3) Shopping for a mortgage can affect how much you pay each month and over the life of the loan. Doing your research before you buy can save you mo ... [read more]
How to Choose the Best Mortgage for You (Part 1 of 3)
September 28, 2022 | Posted by: Keith Leighton
How to Choose the Best Mortgage for You (Part 1 of 3) Shopping for a mortgage can affect how much you pay each month and over the life of the loan. Doing your research before y ... [read more]
The Real Deal about Transfers and Switches
September 15, 2022 | Posted by: Keith Leighton
The Real Deal about Transfers and Switches Most people who are thinking about a transfer or switch want to take advantage of a lower interest rate or to get a new mortgage product with terms that ... [read more]
Rising Mortgage Rates Don’t Spell Disaster
August 25, 2022 | Posted by: Keith Leighton
Rising Mortgage Rates Don’t Spell Disaster While homeowners and home buyers are groaning about these higher mortgage rates, they’re not all bad. And in fact, if you look at them from a ... [read more]
5 Reasons Why You May Not Qualify for a Mortgage.
August 16, 2022 | Posted by: Keith Leighton
5 Reasons Why You May Not Qualify for a Mortgage. When it comes to shopping for a mortgage, it is important to know what you need to qualify – but it is just as important to understand some ... [read more]
6 Mortgage Tips That Will Save You Time and Money
August 12, 2022 | Posted by: Keith Leighton
6 Mortgage Tips That Will Save You Time and Money If your mortgage is up for renewal, or if you’re about to buy a home for the very first time, there are certain factors to consider, to ensur ... [read more]
3 Things You May Not Know About Cash-Back Mortgages
August 5, 2022 | Posted by: Keith Leighton
3 Things You May Not Know About Cash-Back Mortgages It can get pretty exciting to see campaigns around “cash-back mortgages” but, before you get too far along, here are three things y ... [read more]
Staying Out of the Penalty Box
February 4, 2022 | Posted by: Keith Leighton
Staying Out of the Penalty Box When it comes to mortgages, it is easy to focus on the rates and your current situation, but the reality is that life happens and when it does, rates won’t be t ... [read more]
How to Save with a Variable Mortgage.
January 14, 2022 | Posted by: Keith Leighton
How to Save with a Variable Mortgage. When it comes to mortgages, the age-old question remains: “Should I go with a variable or fixed-rate?”. To make an informed decision, it is importa ... [read more]
10 Mortgage Mistakes to Avoid
September 16, 2021 | Posted by: Keith Leighton
10 Mortgage Mistakes to Avoid Whether it is your first house or you’re moving to a new neighborhood, getting approved for a mortgage is exciting! However, even if you have been approved and ... [read more]
What Your Banker Won't Tell You!
May 28, 2021 | Posted by: Keith Leighton
What Your Banker Won't Tell You! Did you know the biggest difference between getting your mortgage from a bank vs a mortgage broker is that the bank only has access to their products, while I, your ... [read more]
25 Secrets Your Banker Doesn’t Want You to Know.
May 14, 2021 | Posted by: Keith Leighton
25 Secrets Your Banker Doesn’t Want You to Know. Twenty-five or thirty years can sound like an impossibly long time to service a loan – and for many of us, it is. If you are looking to ... [read more]
Get Your Spring Mortgage Checkup!
April 30, 2021 | Posted by: Keith Leighton
Get Your Spring Mortgage Checkup! Warmer spring temperatures brings the chance for a fresh start. It’s important to conduct a spring checkup on your mortgage. So often, homeowners lock into a ... [read more]
Reasons for an Annual Mortgage Review
December 4, 2020 | Posted by: Keith Leighton
Reasons for an Annual Mortgage Review Life does not stand still… our schedules change, our needs change, and even our goals can change. Success and even happiness are often moving targets. T ... [read more]
Applying For a Mortgage: What Lenders Are Looking For
November 13, 2020 | Posted by: Keith Leighton
Applying For a Mortgage: What Lenders Are Looking For When you apply for a loan it’s important to understand what lenders look for in their applicants. Of course, depending on the t ... [read more]
Meet Nick Hamblin
July 28, 2020 | Posted by: Keith Leighton
Meet Nick Hamblin #mortgage #realestate #realtor #mortgagebroker #home #newhome #realestateagent #investment #property #househunting #refinance #firsttimehomebuyer #forsale #finance #broker #mort ... [read more]
Why Mortgage Brokers are Better than Banks!
July 28, 2020 | Posted by: Keith Leighton
Why Mortgage Brokers are Better than Banks! I am often asked if it’s hard to compete with the banks. While they may offer competitive rates at times, right now we have much better rates than ... [read more]
5 C’s of Credit to get a Mortgage
July 28, 2020 | Posted by: Keith Leighton
5 C’s of Credit to get a Mortgage Whether you are buying your first home or have been a home owner for years, when you are looking at purchasing a property, finding the best mortgage solution ... [read more]
10 Things That Determine Your Best Mortgage Rate
July 28, 2020 | Posted by: Keith Leighton
10 Things That Determine Your Best Mortgage Rate You know at one time I could give you a quote over the phone and not worry that I would be too far out. Today is a totally different story, here a ... [read more]
4 Ways to Enable a Smooth Mortgage Process
July 28, 2020 | Posted by: Keith Leighton
4 Ways to Make the Mortgage Process SmootherMortgages are complicated—we get it! But there are steps that you as a homebuyer can take to make the process a much smoother one (plus let you walk ... [read more]
Why Are Mortgage Rates Rising?
July 28, 2020 | Posted by: Keith Leighton
Why Are Mortgage Rates Rising? Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fal ... [read more]
COVID-19: Understanding Mortgage Payment Deferral
July 28, 2020 | Posted by: Keith Leighton
COVID-19: Understanding Mortgage Payment Deferral What you can do about your mortgage payment during the pandemic. The COVID-19, or coronavirus crisis has left many homeowners in Canada without ... [read more]
The Math on Mortgage Deferrals
July 28, 2020 | Posted by: Keith Leighton
The Real Costs. The Facts. The Myths. There are opinions and articles circulating that say taking the 6 month mortgage deferral option could result in your payments increasing by $800 a month at th ... [read more]
Canadian Interest Rates Fall to Near Historic Lows
July 28, 2020 | Posted by: Keith Leighton
CANADIAN INTEREST RATES FALL TO NEAR HISTORIC LOWS Interest rates have fallen to near historic lows due to the Covid-19 pandemic that has ravaged the economy and caused widespread unemployment. Th ... [read more]
Winter is here! Get a worry free mortgage!
January 28, 2019 | Posted by: Keith Leighton
Winter is here! Get a worry free mortgage! This time of year, there are a few less mortgage’s being done- not many people want to move into a new home in the snow. But if you want to get a wo ... [read more]
Do’s and Don’ts for the Mortgage Process around CHRISTMAS
December 4, 2018 | Posted by: Keith Leighton
Do’s and Don’ts for the Mortgage Process around CHRISTMAS The holiday season is always a crazy time, but that’s no reason not to take advantage of the great housing market an ... [read more]
Should I Lock in A Mortgage Rate?
November 28, 2018 | Posted by: Keith Leighton
Should I Lock in A Mortgage Rate? This post applies if you are taking a new mortgage, whether it’s for a purchase, refinance, or renewal. The variable remains the main contender. But what ab ... [read more]
Are you Getting a Fixed-rate mortgage? Some things to consider!
October 12, 2018 | Posted by: Keith Leighton
Are you Getting a Fixed-rate mortgage? Some things to consider! Are you considering a 25-year amortization or 30 years? Insured or Uninsured? With an A Lender or B Lender? These are just a few of t ... [read more]
Navigating The Mortgage Rate Wars
August 24, 2018 | Posted by: Keith Leighton
How to Navigate The Mortgage Rate Wars You may have heard that rates are changing, and that is true. They don’t call it war for nothing and you need an expert by your side! Think of mortgage ... [read more]
It’s all about the property
July 10, 2018 | Posted by: Keith Leighton
With all of the rule changes imposed by the federal and provincial governments around mortgage financing and real estate it may be more difficult to access financing. But don’t take it persona ... [read more]
Are You Ready for a Last Minute Credit Check?
June 6, 2018 | Posted by: Keith Leighton
Are You Ready for a Last Minute Credit Check? Your credit history is one of the single greatest factors in determining whether you can become qualified for a mortgage and the interest rate you ca ... [read more]
What is a Collateral Mortgage?
May 18, 2018 | Posted by: Keith Leighton
What is a Collateral Mortgage? A collateral mortgage is a way of registering your mortgage on title. This type of registration is sometimes used by banks and credit unions. Monoline lenders, on the ... [read more]
Does your financial house need a good Spring Clean?
May 15, 2018 | Posted by: Keith Leighton
Does your financial house need a good Spring Clean? Wouldn't spring cleaning be so much more gratifying if - somewhere under some old clothes and worn out jeans in your dresser - you found an envel ... [read more]
Your Mortgage Could Be A Goldmine of Potential Savings
May 9, 2018 | Posted by: Nick Hamblin
A penny saved is a penny earned! By making the right decisions, your mortgage could be a goldmine of potential savings. With access to a broad spectrum of over 30 lenders, Ideal Mortgage professi ... [read more]
Five Ways to Improve Mortgage Qualifying Success
March 19, 2018 | Posted by: Nick Hamblin
Five Ways to Improve Mortgage Qualifying Success Yes new mortgage rules have made it harder to qualify for a mortgage, whether you are a first-time buyer or looking to renew or refinance your mortg ... [read more]
Should You Spend the Full Mortgage Amount You're Approved For?
June 7, 2017 | Posted by: Nick Hamblin
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ... [read more]
Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!
May 31, 2017 | Posted by: Nick Hamblin
Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ... [read more]
