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Helpful Links

Information to assist you with your mortgage or home buying process 

Education

Banks vs. Mortgage Brokers…What’s the Difference?

The Best Deal is Not Always the Lowest Rate

First Time Home Buyer

Mortgage Penalties explained

Pre-Qualified vs. Pre-Approved

Qualifying Rate, What is it and how does it affect me?

TOP 10 Reasons to use a Mortgage Broker

Understanding Your Credit Report and Credit Score

Information

Land Transfer Tax

Land Transfer Tax Refund for First Time Home Buyers

Land Transfer Tax Calculator

First Time Home Buyer’s Tax Credit

RRSP Home Buyers’ Plan

First Home Savings Account (FHSA)

Divorce and Separation in Ontario

Correct a Mistake on my Equifax Credit Bureau

Mortgage Calculator

The links on this page are suggested contact and information sites to assist you with your mortgage or home buying process. mortgagesbycraig.com or RMA does not guarantee the accuracy of their information or programs.
mortgagesbycraig.com

3 days ago

mortgagesbycraig.com
One of the frustrating parts of being a mortgage broker is providing time sensitive advice to people and they don't act soon enough. This tends to happen most frequently with mortgage renewals. Most lenders will guarantee financing for 4 months, however most people wait to the last minute and it costs them.A few weeks ago I was dealing with someone looking to renew their mortgage at maturity. I explained to them that rates are expected to rise very soon so it is in your best interest to finalize something now so we can guarantee your rate at maturity, about 2 months away. Unfortunately, they returned in a week and a half and interest rates had increased by 0.20%. With their mortgage balance at $450,000, procrastination cost them approximately $900 per year or $4,500 over a 5 year term. I don't know about you but I would have certainly liked to have had the savings for myself rather than put it in the lender's pocket.In the event rates go down in a situation like the one above then we can use the existing mortgage approval to leverage a reduction in rate either from the existing lender or an entirely new lender. Either way the borrower is covered.www.wecreatehappiness.ca ... See MoreSee Less

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mortgagesbycraig.com

2 weeks ago

mortgagesbycraig.com
Bank of Canada today did not change the overnight lending rate. Prime will remain at 4.45%www.mortgagesbycraig.com/bank-canada-maintains-overnight-rate-prime-will-stay-04-29-26/ ... See MoreSee Less

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mortgagesbycraig.com

4 weeks ago

mortgagesbycraig.com

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mortgagesbycraig.com

1 month ago

mortgagesbycraig.com
Wishing you and your family a safe and happy Easter weekend! ... See MoreSee Less

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mortgagesbycraig.com

2 months ago

mortgagesbycraig.com
Unless you are a professional rider trying to get a great photo there is no reason to look back. This applies to your business and your personal life. What happened yesterday or last year can’t be changed and dwelling on what happened only takes time and focus away from what you are doing today.Focus forward and be happier.wecreatehappiness.ca ... See MoreSee Less

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