Category Archives: Prêt Hypothécaire

Itching to renovate your home? Here’s how to make it happen.

Monday April 23rd, 2018

Itching to renovate your home? Here’s how to make it happen.

After a visit with me at my office, Vanessa and Thomas decided to renovate their home to bring it up-to-date. They even took the opportunity to add a garage! Fifteen years ago, they paid $130,000 for their home, which is worth $275,000 today. They have a mortgage balance of $62,000. The estimated cost of the […]
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To avoid unpleasant surprises, do an annual review.

Monday April 16th, 2018

To avoid unpleasant surprises, do an annual review.

Have you thought of doing a yearly review of your mortgage in order to avoid any payment shock if interest rates increase? It’s really quite simple. On each anniversary of your mortgage, compare your rate with the available rates on the daily market (just click on the link below to access today’s rates). If your […]
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Swap your bungalow for a condo!

Beautiful living room with hardwood floors and fireplace in new luxury home
Monday April 2nd, 2018

Swap your bungalow for a condo!

Their youngest has just left the nest. Jocelyne and Jean-Luc are in the mood to travel and enjoy some well-deserved R&R. Mowing grass and shoveling snow are not part their retirement dream. They fall in love with a beautiful downtown condo with magnificent city views, but it costs considerably more than the value of their […]
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Should I choose monthly or weekly payments?

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Monday March 5th, 2018

Should I choose monthly or weekly payments?

You have just completed the mortgage approval process, and the inevitable question from your mortgage broker or bank adviser crops up: do you want to make weekly or monthly payments? If you answer weekly payments (my suggestion!), be aware that your choice doesn’t end there. First of all, there is a big difference between an […]
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Buying a property needing major renovation? Careful planning will bring big savings!

Monday February 19th, 2018

Buying a property needing major renovation? Careful planning will bring big savings!

For over 5 years, you can no longer refinance* a mortgage for more than 80% of the market value of a home. Over the last 15 years, we have noticed that many of our clients return to our offices seeking mortgage refinancing in order to consolidate their debts. Sometimes this would occur only months after […]
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Refinancing a property can be advantageous.

Monday February 12th, 2018

Refinancing a property can be advantageous.

Certain situations make it worthwhile to refinance your property: To maximize your RRSP in the framework of a plan drawn up by a financial planner; To finance a project at a lower cost (lower interest rates) such as; Purchasing a motor vehicle Renovating a home Installing a swimming pool Changing the windows Installing a heat […]
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How to purchase an income property when you renew your mortgage

Monday February 5th, 2018

How to purchase an income property when you renew your mortgage

For years, you have been thinking about investing in an income property. Why not take advantage of your mortgage renewal to refinance your property and to provide you with the 15% or 20% down payment needed for such a project? Effectively, refinancing when you renew your mortgage gives you access to the entire mortgage market, […]
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I’m a self-employed worker looking for a mortgage loan, but my declared income isn’t representative. Are there solutions?

Wednesday January 31st, 2018

I’m a self-employed worker looking for a mortgage loan, but my declared income isn’t representative. Are there solutions?

Your declared income isn’t representative of your current income? If this is the case, we’ve got good news: you now have access to a program that could help you buy a property. Mortgage loan for self-employed workers with self-reported income The Business for Self (ALT.A) program allows self-employed borrowers to self-report their income. However, borrowers […]
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Faster mortgage repayments.

Monday January 29th, 2018

Faster mortgage repayments.

It’s simple. Just make early refunds for the duration of your loan, thus reducing interest costs and, at the same time, accelerating the repayment of your mortgage debt. You can increase the amount of your payment (capital and interest); the supplementary payment applied directly to the capital will reduce the overall cost. You can also […]
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The 10-point case for working with a mortgage broker.

Monday January 22nd, 2018

The 10-point case for working with a mortgage broker.

1. Get expert advice on your financial options. Because we are independent mortgage brokers, we are not tied to a specific product range or a particular lender. Our only goal is to help you secure the best financing possible for your property. First, we take the time to get to know you and then work […]
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