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Video

Why taking the lowest rate is not always the best choice

 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.

Alternative Mortgages in Canada

 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. 

Reverse Mortgages

 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. 

The First-Time Home Buyers Incentive Canada -- Pros, Cons, and Calculations

 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.

Variable Rate Mortgages in Canada

 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. 

The Truth About Bi weekly Accelerated Payments

 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.  
 

When Should You Break Your Mortgage?

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.  

What is Amortization?

 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. 

The New To Canada Mortgage Program

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. 

Mortgage Default Insurance in Canada

 In this video we explore the details of mortgage default insurance. 

Canadian Mortgages vs American Mortgages

 In this video we look at some of the differences between Canadian and American Mortgages.   

Home Buyers' Plan HBP Explained

 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. 

Understanding Blended Rates

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Collateral Charges Explained

 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.