Mortgage Insurance – We Have a Better Option

February 27, 2015 By admin Blog

As a Mortgage Broker with CENTUM Mortgage Choice, we care about our clients and we want to do what is best for them. It bothered me to watch this investigative report but it also compelled me to let folks know that not all insurance providers that offer life and/or disability insurance on your mortgage treat their … Read More

Not All Mortgage Penalties Are Equal

February 19, 2015 By admin Blog

This is a story about Joe and Sue. Two different people with similar mortgages, but very different prepayment penalties.  Joe and Sue each buy a house at the exact same time for the exact same price and get a mortgage for the exact same amount. The only difference is Joe uses a Big Bank, and … Read More

Understanding Why Mortgage Rates Are Dropping

January 21, 2015 By admin Blog

The Bank of Canada announced a surprise quarter-percentage-point cut to its key interest rate Wednesday – a move it calls “insurance” against the potentially destructive effects of the oil price collapse. The reduction in the bank’s overnight rate to 0.75 per cent from 1 per cent – its first move since September, 2010 – comes as … Read More

Interest Rate Hike: 4 Ways Canadians Should Prepare

January 8, 2015 By admin Blog

The Bank of Canada is expected at some point in the year to hike interest rates, and even a small and gradual hike would affect millions of Canadians with car loans, mortgages and lines of credit. “Definitely not going to take much of a hike to make a difference and impact your payments,” says Toronto-based financial planner Jason Heath. “As soon as there’s a quarter-point increase in interest rates, I … Read More

Your Home Buying Team

November 19, 2014 By admin Blog

Purchasing a home is likely to be the largest investment you will ever make, and that means that it is very important you have a team of professionals working with you throughout the entire process. Here are the key players you will need. More and more clients are discovering the benefits of utilizing the services … Read More

What Affects Your Credit?

October 7, 2014 By admin Blog

Lately I have run into a lot of people who have had some “innocent” issues with their credit. Things that they really had no idea was going to affect them negatively when it comes to buying a house. I thought maybe a little refresher on what will affect your credit would be in order. 1) … Read More

Purchase Plus Improvments Mortgage

August 5, 2014 By admin Blog

Found a home that is almost perfect you, if only the kitchen was updated or the bathroom had new fixtures? Now you can update the house in your price range to make it the home of your dreams with the purchase plus improvements program. By allowing you to add the cost of your renovations to … Read More

Top Five Home Renovations That Increase Property Value

May 28, 2014 By admin Blog

Looking to increase your homes property value? Here are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment 5-6x what they cost. #5 Flooring Flooring is one of the most important aspects of your house. You will see an … Read More

Recent CMHC Changes

May 16, 2014 By admin Blog

CMHC has recently made some changes to their rates and products and Naomi Hamm is here to explain how that affects you, the consumer.