Who Governs Mortgage Brokers in Ontario?

Who Governs Mortgage Brokers in Ontario? I would love to assume that in a perfect world, and in all lines of work, you would have customers who use services from professionals, and always have extremely satisfying experiences. You would think that having a satisfied...

Mortgage Penalties- Do I Break During Term

I thought I would remind everyone about the cost of penalties when breaking a mortgage during term. A lot of people think that one lender is the same as the other, but you can be terribly wrong with that mindset. The Globe and Mail published an article called...

Bridge Financing OR Refinancing Your Home?

I often hear the question, can I use bridge financing if my house doesn’t sell? There is a common misunderstanding about what is, and when “bridge financing” is used, so I thought I would help in clearing this up. To clarify, bridge financing is used when you have...

Who pays for the service of a Mortgage Broker?

When you’ve been in the business as long as I have been, it’s a constant struggle to remind yourself that some of the most basic understanding of how mortgage brokers work is not known by the public. Once in a while someone will ask the question, and I’ll say, Oh Ya,...