Archive for May, 2010

The foreclosure process with Tony Spagnuolo, owner of Spagnuolo & Company Make sure you watch BOTH videos below. Part 1 & 2 below Foreclosure scares people because it means they may lose their house. But if you face foreclosure, you may still be able to help yourself if you understand what it is and how […]

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Anyone who tells you to choose bi-weekly mortgage payments, ain’t helping your cause. The KEY word is ACCELERATED bi-weekly. Most financial institutions offer a number of payment options (monthly, semi-monthly, bi-weekly, accelerated bi-weekly, weekly, and accelerated weekly payments). Although these options may all seem the same, some payment methods such as accelerated weekly and bi-weekly […]

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What’s the difference between Mortgage Insurance and Mortgage Insurance? Mortgage insurance, does it protect you or does it protect the bank? It’s a Great question, and it’s one that confuses a lot of people so Today, I want talk briefly about the difference between the two. I’m basically talking about two types of insurance, and […]

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The 2nd MOST common question I get asked Click here to download a copy of your Maximum Mortgage CMHC will allow a maximum of 35% of your gross monthly income to be allocated towards your housing cost, and up to a maximum of 44% of your gross monthly income towards all your credit obligations. ) […]

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My answer may surprise you! You probably didn’t know that banks DO NOT report mortgages on the credit bureau. (credit unions and trust companies DO REPORT and *some banks do report secured lines of credit) Having said that, history shows that a missed credit card payment would be reported to the credit bureau, whereas a […]

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Money is money, so what’s the difference? Some people think that all mortgage companies are alike. The difference is great service! So, what does great service really mean? It means we make the mortgage application process as easy and painless as possible. We’re happy to spend time answering ALL of your questions rather than rushing […]

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