10 Feb

Mortgage during COVID

General

Posted by: Karen Lagore

Amazing year for 2020, I am open for business, lowest rates in my lifetime! Amazing home prices! What more could you ask? Call me, I am ready to assist, no high pressure, let’s just talk it through, I can help!

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22 Jan

Bank or Mortgage Broker?

General

Posted by: Karen Lagore

Where should you go first – to a bank, or to a mortgage broker? A mortgage broker is an intermediary who works with multiple lenders to find the best deal for the client. Mortgage brokers are licensed professionals, each province has its own registry and criteria for being a certified mortgage broker. Would you go […]

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3 Jan

HOW TO VERIFY YOUR DOWN PAYMENT WHEN BUYING A HOME

General

Posted by: Karen Lagore

Saving for a down payment is one of the biggest challenges facing people wanting to buy their first home. To fulfill the conditions of your mortgage approval, it’s all about what you can prove (hard to believe – but some people have lied in the past – horrors!). Documentation of down payment is required by […]

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14 Nov

Consider a Rent to Own Property?

General

Posted by: Karen Lagore

5 REASONS YOU MAY WANT TO CONSIDER A RENT TO OWN PROPERTY With the real estate market continuing to hold steady, many young families are looking for other options to afford a home. Many millennial families still are holding onto the dream of owning a detached home or their own townhouse/condo one day…but the task […]

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7 Oct

5 WAYS YOU COULD USE A CHIP REVERSE MORTGAGE

General

Posted by: Karen Lagore

Reverse mortgages are continuing to grow as a retirement solution for Canadians 55+. Homeowners 55+ are unlocking their home equity for tax-free funds that improve their cashflow and pay-off higher interest loans. Consider your own financial needs. Do any of these 5 common scenarios sound familiar? 1) You have missed a payment/made a late payment. […]

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2 Oct

Need Financial Knowledge? I can help!!

General

Posted by: Karen Lagore

Most Canadians admit a greater need for financial knowledge A significant proportion of Canadians have admitted to less than satisfactory knowledge of financial matters, according to the results of a new national survey by Rates.ca. Fully 94% of the respondents also stated that financial literacy needs to see greater presence and emphasis in school curricula. […]

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24 Sep

5 Mistakes First Time Home Buyers should avoid!

General

Posted by: Karen Lagore

5 MISTAKES FIRST TIME HOME BUYERS SHOULD AVOID Buying a home might just be the biggest purchase of your life—it’s important to do your homework before jumping in! We have outlined the 5 mistakes first time homebuyers commonly make, and how you can avoid them and look like a Home Buying Champ. 1. Shopping Outside […]

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24 Sep

Fixed Rate Outweighing Variable

General

Posted by: Karen Lagore

FIXED RATES OUTWEIGHING VARIABLE We are currently in a very unique situation when it comes to 5-year fixed and 5-year variable interest rates. For the first time in almost a decade, the lowest 5-year fixed interest rate is more than 0.30% lower than the lowest available variable interest rate for new mortgages. For some, their […]

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31 Jul

What’s your credit score?

General

Posted by: Karen Lagore

For most people, your personal credit score and how a credit score is calculated are complete mysteries. How can you be expected to play and be successful if you aren’t even told the rules of the game? There are things borrowers can do to improve their score so they can access better mortgage products and […]

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25 Jul

Why do lenders request these documents?

General

Posted by: Karen Lagore

A number of times I have had people who wonder why they need to provide so much documentation when it comes to arranging a mortgage. Besides an employment letter, you are usually asked to provide a pay stub and your most recent Notice of Assessment (NOA) to prove income. “Why do they need all 3, […]

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