In this video I discuss the difference between what are typically the lowest rates on the market, which are "no-frills" or "low feature" mortgages, and standard privilege mortgages, which are normally only 0.05% higher.
Over the past 2 decades, I have had the pleasure of helping people who have not been able to qualify with low rate lenders get approved with alternative lenders.
In this video I go over some cases where alternative mortgages can help borrowers keep their homes, or purchase homes when the low rate lenders are not willing to help.
In this video, I discuss details of how reverse mortgages in Canada work, discuss the 2 lenders offering them and the differences between the two lenders, and I also discuss how rising home prices in Canada are making reverse mortgages a better solution due to the greater access of reverse mortgage money higher home prices are able to provide.
In this video I go through the description of the First-Time Home Buyers Incentive program which is a government owned shared equity program aimed to help first time buyers. I will run a few calculations and discuss some of the pros and cons as well.
In this video, I explain what a variable rate mortgage in Canada is, how they work, the different types, and also compare closed variable rate mortgages to open variable rate mortgages.
This is one of our older videos, but most popular.
The majority of mortgage borrowers should not be making bi-weekly accelerated payments on their mortgage, and in this video we discuss the reasons why. Please join me as we break down the math behind bi-weekly accelerated payments, explore alternatives to bi-weekly accelerated payment.
By the end of the video, you will be able to determine whether or not bi-weekly accelerated payments are the best option for your particular financial situation.
A "must watch" for anyone with a mortgage rate higher than the current rates available.
In this video I explain how to calculate whether or not you should break your mortgage to save money, and also how paying off credit cards and lines of credit with your mortgage can save you even more money.
In this video, I explain what amortization is, as it pertains to mortgages and loans. I also share a useful strategy that can help you pay off your mortgage more quickly, while protecting yourself in the event of a reduction in income or unexpected expenses.
If you have immigrated or have relocated to Canada within the past 5 years, you are eligible, and may qualify for a mortgage to assist you with the purchase of a home under the New to Canada program. In this video we breakdown how the program works, and what is required of the borrowers to qualify.
In this video we explore the details of mortgage default insurance.
In this video we look at some of the differences between Canadian and American Mortgages.
In this video we explore the Home Buyers' Plan in detail in the attempt to determine if participating in the plan is the correct choice for you. If you are a first time home buyer, or have owned a home in the past and are wondering if you now qualify as a first time buyer, this short video could be of great assistance to you.
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Most Canadians who own a home and have a mortgage do not know what a collateral charge is. There are many negatives associated with collateral charge mortgages and it is important to know what they are, and to ask your mortgage broker or bank if your mortgage will be registered as a collateral charge before accepting it. I hope the video is helpful, and please leave a like and comment, as well as share the video with anyone you know who would benefit from the information.