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,...
I was asked the following question from a client and thought others may find this helpful… Hi Dan, I have a question I am hoping you can help me with. If you go with a variable rate mortgage and you have the option to lock in, when can I lock in, and is it at...
A client (we’ll call him John Smith) came in to see me. He owns a home worth $375,000. He told me he has $25,000 outstanding on his mortgage. He also told me he has a $250,000 secured line of credit on his home that is fully advanced. Total owing is $275,000. This is...
As I sit in a quiet office on Friday Jan 3rd, it’s hard not to notice that though the New Year has begun, seems like everyone is still off work. Richmond Rd, which I normally cross at 8 am to get my morning coffee, was eerily quiet today, reminding me that maybe I...
As we get into the Christmas spending mode, I thought I would throw out my thoughts on credit cards. I know we don’t live in a perfect world, so take what you can from below. Credit card companies are in the business of making money, lots of it actually, and...
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