July 2012

Low Mortgage Rates | 2.99% 5-Year Fixed

by Kyle Pearce - Mortgage Centre Specialist on July 20, 2012

in Home Mortgage Ontario, Interest, Mortgage

Currently, Home Mortgage Ontario can provide mortgages for home purchases at 2.99% fixed for a 5-year term, if your closing date is within 45 days! While most big banks are offering 5-year mortgage rates of almost 4% and higher, this is a great opportunity to save your family thousands in interest over your 5-year term! [...]

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Avoiding Power of Sale or Foreclosure

by Kyle Pearce - Mortgage Centre Specialist on July 19, 2012

in Credit, Home Mortgage Ontario, Mortgage

Home Mortgage Ontario Guest Post By Michelle, @financeport A mortgage loan is one that is secured against a property by using a mortgage charge. Since most clients looking to purchase a home do not have enough money to make a cash purchase, mortgage financing is requested from a bank or mortgage broker. By making monthly [...]

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The Value of London Life Participating Life Insurance

by Kyle Pearce - Mortgage Centre Specialist on July 17, 2012

in Home Mortgage Ontario, Insurance

London Life participating life insurance gives you a foundation of guaranteed values and tax-advantaged growth. It also gives you the opportunity to receive dividends, based on your participation in a pool with 1.6 million other participating policies. It offers both stability and flexibility in a permanent life insurance solution. While some companies have backed out [...]

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What Affects Credit Score? Beacon, FICO, & Credit Reports

by Kyle Pearce - Mortgage Centre Specialist on July 16, 2012

in Credit, Home Mortgage Ontario, Mortgage

Credit reports and corresponding credit scores are used by lenders to help determine whether an individual is worthy of receiving additional credit. Canadian credit bureaus such as Equifax and Transunion keep tabs on North American consumers credit history and spending habits to assist lenders in making decisions regarding who they grant credit to and under [...]

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Mortgage Pre-Qualification vs. Pre-Approval vs. Approval

by Kyle Pearce - Mortgage Centre Specialist on July 14, 2012

in Home Mortgage Ontario, Mortgage

What is the difference between each? When you consider purchasing a home, there is a lot of terminology thrown around by realtors and lenders, especially if you are a first home buyer. As a mortgage agent in Windsor, Ontario, I find that most clients do not understand the difference between being pre-qualified, pre-approved, and approved [...]

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GLC Market Matters July 2012 – Financial News

by Kyle Pearce - Mortgage Centre Specialist on July 13, 2012

in Home Mortgage Ontario, Investing

GLC, You may not reproduce, distribute, or otherwise use any of this article without the prior written consent of GLC Asset Management Group Ltd. (GLC) as at the date of publication and are subject to change without notice. This commentary is presented only as a general source of information and is not intended as a [...]

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Canada’s New Mortgage Rules | Benjamin Tal

by Kyle Pearce - Mortgage Centre Specialist on July 11, 2012

in Home Mortgage Ontario, Mortgage

Benjamin Tal Deputy Chief Economist CIBC World Markets He is responsible for analyzing economic developments and their implications for North American fixed income, equity, foreign exchange, and commodities markets. He also acts in an advisory capacity to bank officers on issues related to wealth management, household/corporate credit and risk. Finance Moves Again on Mortgages In [...]

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