Mortgage Foundations

Today's episode explains what a mortgage port is, and how it can be beneficial when purchasing a new property and keeping your current rate, or a blend of your current rate if a larger mortgage is required!

The federal government has finally realized that mortgage document fraud is a big issue and has advised that they are working with the CRA to allow a secure connection with lenders in order for lenders to be able to confirm client's income. This fairly simple change could effectively eliminate most mortgage document fraud from the industry!

Today's episode discussed announced changes to the RRSP Home Buyer Program, as well as an amortization change to 30 yr insured mortgage; but, only for first-time homebuyers buying new builds.

Today's epsiode explains what an alternative lender is, and how they can be used to obtain home financing. We will discuss the common misconception that alternative lenders are only used when there are credit issues, or other negatives; when in fact, some of the strongest clients are with an alternative lender due to their income stream!

Today's episode explains the difference between a Variable and an Adjustable rate mortgage. They are both based on prime rate and Bank Of Canada rate changes affect both; but, they are very different when it comes to payments over the term!

Today's epsiode explains the difference between a Standard mortgage charge and a collateral mortgage charge, and how they can affect your future home financing plans!

Explaining everything about the world of mortgages! This podcast will help you to understand how a mortgage works and explain the details. Mortgage Foundations is located in Oshawa, Ontario and is a Licensed Mortgage Brokerage with FSRA # 13614. It's Principal Broker is Tyler Cowle; who is also the host and main contributor to this podcast!

Explaining everything about the world of mortgages! This podcast will help you to understand how a mortgage works and explain the details. Mortgage Foundations is located in Oshawa, Ontario and is a Licensed Mortgage Brokerage with FSRA # 13614. It's Principal Broker is Tyler Cowle; who is also the host and main contributor to this podcast!

Explaining everything about the world of mortgages! This podcast will help you to understand how a mortgage works and explain the details.

Mortgage Foundations is located in Oshawa, Ontario and is a Licensed Mortgage Brokerage with FSRA # 13614. It's Principal Broker is Tyler Cowle; who is also the host and main contributor to this podcast!

Explaining everything about the world of mortgages! This podcast will help you to understand how a mortgage works and explain the details.

Mortgage Foundations is located in Oshawa, Ontario and is a Licensed Mortgage Brokerage with FSRA # 13614. It's Principal Broker is Tyler Cowle; who is also the host and main contributor to this podcast!