If you shopping for a home, or have worked with a mortgage professional in the past, you’ve most likely heard of rate holds before.

The team at Quickfire Mortgage Solutions is growing. Meet our newest member, Jeremy.

When your mortgage application goes through the approval process, they are not only looking at you, but also the property in question. In fact, sometimes when an application is denied it has nothing to do with you, and everything to do with the property. 

Have you experienced the wonder of a drive through Christmas light display? Are they a part of your families’ Holiday traditions?

According to a recent CIBC poll, nearly half (48%) of retired Canadians stopped working sooner than they expected.

There aren't too many Canadians who are able to save up enough money to pay cash for their home. This is why we have mortgages. A mortgage is a loan made to assist a borrower to purchase a property. The property is held as collateral and interest is charged on the loan. Typically a mortgage will be paid back over 25 years (this is called the amortization), and the amount of interest charged is renegotiated every 1-10 years (this is called the term). Over the long run, borrowing money isn't cheap, despite interest rates being at an all time low!

If you've been thinking about selling your existing property, for whatever reason, it would be in your best interest to give me a call before you list for sale.