Everyone likes the option of an open mortgage, but is it really a good idea? The answer is yes, but only for the first year. An open mortgage will allow you to pay down the full balance on your mortgage with no penalty. This kind of loan is usually offered only with a variable rate [...]
Read More...1, What is Mortgage Refinancing? Mortgage Refinancing means that you’ll receive a new Mortgage rate that better fits your needs. This may include changing to a new type of Mortgage, a new type of Mortgage rate, and/or a shorter or longer term Home Loan. Refinancing usually makes sense only when there has been a drop [...]
Read More...Owning a home in Florida or Georgia is something that many dream about. Almost all of us, at some points of time, have put buying a home in our agendas, although not many of us have succeeded in owning a home. This is primarily because of the expenses. In fact, it is not possible for [...]
Read More...There are three types of mortgage consultants: • The representative of the local bank branch: They only offer loans, and have a number of other duties besides mortgage loans, are salaried, with a possibility of an annual bonus. Traditionally, it is the local bank branch representative who acts as the home loan consultant. He is [...]
Read More...An important part of the confidence that you should have in a mortgage advisor comes from his expertise. New lenders come onto the mortgage market in Canada each year, at least six new ones in 2006 alone. Other lenders add and change products constantly. There are hundreds of home loan products on offer in Quebec. [...]
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