Super Brokers News
Budgeting for your Wedding
By: Bobbi TaylorClever Methods of Curbing Costs on the “Big Day” While your wedding should certainly be a day to remember, it best be for the good memories; not the hole it left in your wallet. More and more Canadians are steering away from the grand ceremonies, the extended family invites to people met only a handful …
The Benefits of Early Mortgage Renewal
By: Elias KellendonkToo often is the case that Canadians fail to review the terms of their mortgage contract, and contrast them with what is currently available on the market. Early renewal, and renewal in general, give you, the homeowner, an excellent opportunity to negotiate a lower rate for your next term. It also allows you to capitalize …
Financial Dos and Don'ts for Couples
By: Elias KellendonkCommon Mistakes Couples Make when Dealing with Money “I work all night, I work all day, to pay the bills I have to pay,” sings Abba in their famed hit Money, Money, Money – it’s a rich man’s world. For the majority of couples who didn’t find their “wealthy man”, money is a weighty issue, …
Montreal, Toronto, Vancouver Top Out National Poverty Rates: Statscan
By: Elias KellendonkNew national data garnered by Statistics Canada has revealed that poverty rates in the major urban areas of Toronto, Vancouver and Montreal are well above national averages. The agency used income reports taken from 2009 to acquire its prospective. More positively, data also seems to indicate that mid-sized cities are improving their poverty statistics despite …
The Blended Mortgage: A Way to Access Equity without Penalty
By: Elias Kellendonk“Mortgage penalty can be a shocker,” stated Ellen Roseman in her blog, On Your Side. She reminds readers that the interest rate differential (IRD) prepayment penalty charged by lenders to borrowers who break their terms early can amount to thousands of dollars. One broker commented that this penalty amounted to $28,000 for his client whose …
Should you Sacrifice Pre-Payment Options for a Lower Mortgage Rate?
By: Elias KellendonkTaking a Look at the No Frills Mortgage If you knew there was virtually no chance of your amassing a pre-payment, moving, or needing to refinance for the next five years, would you give up all of your mortgage options for the lowest rate possible? That is what the No Frills Mortgage offers to home …
The Benefits of a Cash Back Mortgage
By: Elias KellendonkOften is the case that upon move-in the homebuyer finds themselves short of the cash needed to cover instant home-related expenditures. These most often include legal closing fees, urgent renovations or repairs, and even home furnishings. The cash back mortgage is one solution a homebuyer may want to consider, especially if it means the difference …
Should Debt Halt your Plans for Wedded Bliss?
By: Elias KellendonkMoney can’t buy you love, but a large shortfall of it sure seems to have an effect in destroying it. Money troubles are consistently one of the chief factors associated with divorce and the number one reason couples state they bicker. That said, is it a good idea to openly enter into a marriage contract …
Banks Swallowing Penalties to Keep Clients from Brokers
By: Elias KellendonkThe strategy comes as a retaliation to brokers who are able to offer better mortgage rates than the bank-posted rates.
REITs Forecasted to Produce another Year of Good Returns
By: Elias KellendonkAccording to the National Association of Real Estate Investment Trusts (REIT), investors in REITs have enjoyed as much as 28 per cent returns in equity each of the last two years, and globally REIT values are up. The question is, can investors expect that same return this year? A recovering market provides several assets to …
