vacation home mortgage orangeville

10 Things First-Time Homebuyers Should Consider Before Buying Property Outside the City

By  External Author |   | Posted in " Debt Consolidation, Debt Reduction, Downpayment, Financial Goals, First-Time Home Buyers, Home Purchase, Home Refinance, Interest Savings, Mortgage Financing Needs, Mortgage Information, Mortgage Renewal, New Years Resolutions, Prepayment, Refinance "

Original Article Source Credits: HGTV, https://www.hgtv.ca

Article Written By: Doug Murray

Original Article Posted on: March 3, 2021

Link to Original Article: https://www.hgtv.ca/real-estate/photos/things-homebuyers-should-consider-before-leaving-the-city-1946255/


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The Big Banks and Their Penalties

By  Dwight Trafford |   | Posted in " Financial Goals, Home Ownership, Home Purchase, Home Refinance, Interest Savings, Money Saving, Mortgage Advice, Mortgage Broker, Mortgage Financing Needs, Mortgage Information, Mortgage Renewal, Prepayment, Refinance "

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Have you ever called your bank to inquire about breaking your mortgage, only to learn your penalty was an astronomical amount?  In some cases, the penalty can be so much, that it can prevent someone from buying a new home, or consolidating debts because it eats into the equity.  Here is an excellent explanation of the different ways that different Lenders use to calculate penalties.  It's worth reading and understanding!

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Is Your Home Smart?

By  Dwight Trafford |   | Posted in " Financial Goals, Home Ownership, Home Purchase, Home Refinance, Money Saving, Mortgage Advice, Mortgage Broker, Mortgage Information, Refinance "

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Is Your Home Smart?

Remember the Jetsons, that futuristic family from the popular ‘60s cartoon? Their house had all types of neat gadgets and gizmos that you probably wished for in your own life. Believe it or not, today’s tech is making these “homes of the future” accessible now — and it’s more practical than you might think.


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What NOT to Do Before Your Mortgage Closing Date

By  Dwight Trafford |   | Posted in " Debt Consolidation, Debt Reduction, Financial Goals, First-Time Home Buyers, Interest Savings, Money Saving, Mortgage Advice, Mortgage Broker, Mortgage Financing Needs, Mortgage Information, Mortgage Renewal, Prepayment, Refinance "

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Lenders are watching your every financial move from your approval point until your closing date.  Just because you've been approved and signed all your mortgage documents, does not mean the Lender will not take away the approval - read your terms and conditions!  If you are looking for a new vehicle or credit products, or want to dispute a payment, wait until AFTER your mortgage closes, or you risk losing your approval.


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A Decade of Mortgage Tightening

By  Dwight Trafford |   | Posted in " Debt Consolidation, Debt Reduction, First-Time Home Buyers, Money Saving, Mortgage Advice, Mortgage Broker, Mortgage Financing Needs, Mortgage Information, Refinance "

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If you have not been through the mortgage financing process within the last 5-10 years, brace yourself for a majorly different process!  Here's a brief timeline of the mortgage rule changes that have occurred in Canada since 2008.  We are all extremely curious to see if 2019 brings more rules, or finally some softening.  


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New Year, New 'Financial' You!

By  Dwight Trafford |   | Posted in " Debt Consolidation, Debt Reduction, Financial Goals, Interest Savings, Money Saving, Mortgage Advice, Mortgage Broker, Mortgage Financing Needs, Mortgage Information, New Years Resolutions, Prepayment, Refinance "

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I see myself as more than just a "Mortgage Guy" or a last resort for home financing solutions - my goal is that when it comes to my client's biggest asset, and greatest expense, I am providing the top-quality advice that will help save significant amounts of money throughout the life of a mortgage.  Since it is a brand-new year, why not start off by reading this blog and trying out some of the simple, and cost-savings tricks.  


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