Blog

WHAT'S THE DEAL WITH HOME CAPITAL GROUP?

You may have noticed some alarming headlines in the news recently surrounding HCG and the effect that their troubles may have on the Canadian banking system at large. But what is HCG? HCG is among Canada’s largest ‘alternative mortgage lenders’. They do other things but we’re mortgage folks so we’ll focus on that side of their business. Read More...

AGGRESSIVE SALES AT THE BANK

Just because the banks are extending you credit it does not mean you qualify for it. It would be hard to miss the CBC exposure of the Bank employees complaints of pressure on them to pressure sell to clients. I even had one teller at my bank shut down her till and walk with me out to the ATM machine as she was pitching me how to use their branch to do do even more investments. I actually had never seen her before and was suspicious that she was there to show the other tellers (sales people) just how the high pressure tactics work. Read More...

GET OFF THE SIDELINES & INTO THE MARKET

You want to get in but the prices are moving so fast you cannot keep up. It did not help that the Federal Government has pulled the rug out from under First Time Home Buyers buy reducing their purchasing power by roughly $100,000. So they take out 25% of the buyers and the prices still keep going up. Good news is the Boomers will be vacating their homes in the next 10+ years. So how can you, as purchasers get your foot in the door before it slams shut in your desired areas. Read More...

THE PMG PODCAST

We have always loved podcasts and thought we might contribute one of our own, in coordination with November's Financial Literacy Month Read More...

Debt Zombies

In the spring of 2012, we were trying to come up with something fun to send out to the neighbourhood as our debt consolidation outreach. We are the first people you should call when you need to consolidate debt because we not only help to consolidate your debt, but to set you up so that you won't need another debt consolidation ever again. Suzanne noticed that a lot of debt consolidation clients struggled with debt for a long time before calling us. They would continue on month to month, being weighed down by the debt, not sure what to do. It takes the joy out of life sometimes. Enter the debt zombie concept. When you struggle with debt for so long, you start to feel like a zombie. You are slowly marching, month to month, weighed down by credit cards, loans and lines of credit. You don't have to feel like a zombie. Everyone has options and it's our job to help you find out what those options are. Read More...

Purchase Plus Improvements ... Gone Wrong

We have seen a rash of purchase plus improvements... In the last few months we have seen a number of young people trying to get into the housing market by buying lower priced houses that are in need of a bit of TLC. Read More...

Suzanne quoted in recently published CBC Hamilton Article

Suzanne quoted in CBC Hamilton article Read More...

Market Update Stephen Poloz Governor Bank of Canada Sound clip

Market Update Stephen Poloz Governor Bank of Canada Sound clip Read More...

Reader's Choice 'Best Mortgage Broker'

As a small, local, independent Mortgage Broker, we rely heavily on client referrals. The best referral we get each year is from the Hamilton Spectator Reader's Choice Awards. Read More...

How much does it cost to break my mortgage?

In the past year, the subject of break penalties has come up almost as often as the fixed vs. variable rate conversation and for good reason. There is a major discrepancy in the way that break penalty is handled from lender to lender. The major bank break penalties can be MUCH MUCH more expensive than you expect. It isn't popular knowledge and it can also be disorienting to hear the mortgage-speak, so we have put together a tutorial video that explores the CIBC break penalty... Read More...