Did you Know?

General Tom Parent 9 Sep

Did you know By Refinancing your Mortgage, you can eliminate High Interest Personal Debt such as Credit Cards, Car Loans and Lines of Credit. In this manner you can increase your Monthly Cash Flow and use that money to Invest in your future like RRSPs and so on. This makes perfect sense in that you […]

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Accelerated Payments

General Tom Parent 26 Aug

You always here the term, but people always ask me what it means. “Accelerated Weekly or Bi-Weekly Payments”. So here goes…….. Mortgage payments are calculated on (12) Monthly or (24) Bi-Monthly payments per year. But when you pay Bi-Weekly you make 2 extra payments (26) per year. So you pay the same yearly amount but […]

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Alternative Financing and what you should know!

General Tom Parent 5 Aug

When conventional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative! If you’re seeking a mortgage, but your credit score is damaged in some way and big institutions won’t lend you the money, you’ll find […]

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A few things you should know about Rental Properties.

General Tom Parent 5 Aug

You might be surprised to learn that you don’t need to be one of the Ultra rich or make six figures to have a second property. You just need to have knowledge, determination and financial planning! If you are purchasing a secondary property with the intention to rent, here are a few extra things to […]

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What is a Credit Score and 8 Ways to Improve it.

General Tom Parent 3 Aug

A credit score is a Credit Rating. There are 2 different Credit Rating sources, Equifax and TransUnion. Equifax is by far the more popular. All the Creditors you deal with including Car Loans, Credit Cards, Communication Services etc., all report to Equifax on a monthly basis about your debt servicing. They report missed payments, how […]

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Dreaming of Home Renos?

General Tom Parent 8 Jul

Dreaming of Home Renos? By using the Equity in your Home, you can access the funds you need to renovate your home and make it your own! This is known as a Refinance or Equity Takeout. Imagine a New Kitchen or New Bathrooms or a Redesigned Backyard, New Flooring, a Basement Family Room, a Pool, […]

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Fixed Rate Mortgages

General Tom Parent 28 Jun

Did you know? The majority of Canadian mortgage consumers typically opt for Fixed-Rate Mortgages? More specifically, those with 5-year terms. This is largely in part because these are the most successful/profitable products for Lenders. Although 5-year Fixed rate Mortgages are Popular and the Interest Rates are very attractive, it doesn’t necessarily mean that this is […]

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Why Use a Mortgage Broker?

General Tom Parent 21 Jun

Did you know? Using a Mortgage Broker can: 1) Save you time when it comes to applying to lenders. 2) Often result in a better Mortgage rate than a bank. 3) Ensure unbiased advice and greater choice of Mortgage Product. 4) Save you money as we are compensated directly by the lender and most of […]

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