June 21, 2018


Is Mortgage Protection Insurance A Good Idea?

May 8, 2018

Mortgage protection insurance is a form of life insurance that covers your mortgage debt if you die or become disabled.  It is a very popular sell by the banks because you can just add the premium to your mortgage payment. So you ask, isn’t this a good thing?  Well most people in the industry would say no for the following reasons: As your mortgage decreases, so does your payout because it only covers the outstanding mortgage balance however your insurance premiums remain the same The monies go directly to the lending institution and not to you to decide how you…

Steps To Help You Save Towards Purchasing A Home

May 1, 2018

Possibly you don’t own a home but you would now like to start saving towards a down payment to purchase a home.  The first thing you need to do is eliminate your debts to start your savings. Here are some suggestions to take control of your debts: Assess Your Situation:  Take an honest look at what you owe, the interest rates and the terms of repayment and document everything Set Goals:  Take some time to work out your short, medium and long-term financial goals i.e. in 1 year you may want to pay off all your debts, in 2 years you may…

Pre-Qualified or Pre-Approval?

Apr 25, 2018

With the spring housing market heating up, you may want to make an offer on a house without a condition on financing.  I wanted to clarify how to receive a valid Pre-Approval.  I have had 2 referrals lately that told me that they had been pre-approved for their mortgage, when in fact it was as good as the paper it wasn’t written on! Typically, when you go to your lending institution stating you are buying &/or selling a home, they will take your basic information, crunch some numbers and tell you what amount you qualify for.  Unfortunately, this is not…