The latest from the team at Patching Mortgage
Is it all about rate?
Is It All About Rate? Most believe that it is. Many think that obtaining the lowest rate is essential to your real estate investment success. But keep in mind, rate is but one
Best ways to shop for a Mortgage
There comes a time in everyone’s life where they go from renter to homeowner. This is not an easy feat for most people, and one
A Brief history of Interest rates
January 1, 2017: OSFI imposed onerous capital requirements on default insurers, thus disadvantaging many bank competitors (and consumers) by jacking up rates substantially on low-ratio insured
Worst question ever – What’s your best rate ?!
Securing a mortgage can seem daunting. There are many variables, charges, and procedures that one must go through to secure a loan in order to
Lets properly calculate your Mortgage
Once my clients are pre-approved, and we’ve determined how much they can borrow based on their yearly earnings I ask the most important question in
The Rule of 72
Of all the things you can learn about money –the rule of 72 should be at the top of your list. The Rule of 72
Why so many docs?
Banks and Lenders growing concern about fraud has caused lending institutions to make their regulations on documentation for mortgage approval much more strict. At the beginning
Popular Myths about Credit Scores
It seems all too often that people are telling me about their credit score, and from what I’ve heard, one will either brag about how incredibleit
But I have a pre-approval?!
The first step to many when looking for a property is to go to their Bank or BROKER, and ask for a pre-approval. A pre-approval lets
Why Me?
It’s funny anytime you bring up real estate prices with your parents, and they tell you they bought their first home for $150,000 20 years ago. And
Tax relief for First time home buyers
As of February 22nd, 2017 the land transfers tax exception increased its limit from $475,000 to $500,000 for First Time Home Buyers. I’m going to be