Canadian Mortgage Guide

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EPISODE DESCRIPTION

In this episode, Tom shares how he and Brandon pre-approve clients by making a customized budget, and how much it would actually cost to purchase a million dollar home in Canada.

What was discussed: → Breaking down the mortgage down payment, amortization, rate, and property taxes. → How much cash you actually need for closing costs including down payment, legal fees,...

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EPISODE DESCRIPTION

In this episode, Tom & Brandon break down the new proposed increase in capital gains taxes set to come into affect in June (if it passes), and provide an example to help this make sense to the average Canadian.

What was discussed: → How the new capital gains tax will work. → An example scenario of the old capital gains tax versus the new capital gains tax. → Who ...

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EPISODE DESCRIPTION

In this episode, Tom & Brandon share 10 things you should absolutely never do when getting a mortgage, because they will affect your application in a negative way.

What was discussed: → Making big purchases or opening new forms of credit. → Making risky investments or moving/changing/playing with funds and accounts. → Changing your job status and co-signing for o...

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EPISODE DESCRIPTION

In this episode, Tom & Brandon explain the recent Bank of Canada Announcement which held the variable rate, meaning still no cuts this year after multiple increases since the pandemic.

What was discussed: → Why we haven't seen any rate cuts yet and when we might see the first rate cut this year. → The influence the US has on Canada and how Canadian politics will ...

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EPISODE DESCRIPTION

In this episode, Tom shares 5 common mortgage mistakes that cost individual Canadians thousands of dollar a year, and how you can avoid these pitfalls.

What was discussed: → Paying off your mortgage and locking into too long with fixed rates. → Understanding pre-payment privileges and mortgage porting → The co-signer trap that makes you house poor.

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MORTGAGE INQ...

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EPISODE DESCRIPTION

In this episode, Brandon shares 3 things to consider if you're sitting on the fence and waiting to buy, and if now could be the right time for you.

What was discussed: → Normal range of fixed rates. → Shrinking your debt. → Maximizing leverage.

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MORTGAGE INQUIRIES

📞 Book a Call 📧 Email us→ experts@northshoregroup.ca 📝 Start an Application

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CONNECT

📸 Conn...

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EPISODE DESCRIPTION

In this episode, Tom & Brandon explain the differences between two types of variable rate mortgages, adjustable and static, and what you need to consider when choosing them.

What was discussed: → What adjustable rate mortgages are. → What static (variable) rate mortgages are. → And what a "trigger rate" is and what it means if you hit it.

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MORTGAGE INQUIRIES

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EPISODE DESCRIPTION

In this episode, Tom & Brandon discuss if you should be declaring more income as an entrepreneur in order to qualify for a traditional bank mortgage, or less in order to pay less in income tax.

What was discussed: → The differences between "A" and "B" lenders. → Looking at your financial goals as a whole picture. → And why it's important to work with experts in t...

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EPISODE DESCRIPTION

In this episode, Brandon and Tom discuss what it takes to have sparkling credit. Let this episode be your go-to resource for all things related to your personal credit.

What was discussed: → Different factors that influence your score. → Common misconceptions. → Tips, Tricks and Strategies on how to build your credit score.

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MORTGAGE INQUIRIES

📞 Book a Call 📧 ...

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EPISODE DESCRIPTION

In this episode, Tom and Brandon are joined by Cherry Chan, CPA. Cherry is the Founder of Real Estate Tax Tips from Oakville, Ontario, a dedicated accounting practice for real estate investors, property managers, contractors, builders, real estate agents, and mortgage brokers. Cherry, herself a real estate investor for over 10 years, also runs a blog and YouTube channe...

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EPISODE DESCRIPTION

In this episode, Tom shares 4 things you should know if you're coming up for mortgage renewal in Canada.

What was discussed: → When you should start planning for renewal and assessing your life goals. → Mortgages features and what they mean, including porting, penalties, pre-payment privileges, and bona fide sales clauses. → And why it's important to shop both multip...

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EPISODE DESCRIPTION

In this episode, Brandon shares tips and tricks on how you can navigate multiple offers scenarios, and make sure you are the one who wins the house.

What was discussed: → Preparation and contingency plans. → Having your home ready to sell. → And how connecting with the listing agent for an "offer assist" can make you stand out.

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MORTGAGE INQUIRIES

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EPISODE DESCRIPTION

In this episode, Tom shares an update on Canadian interest rates for March, 2024, and the trend he sees in them.

What was discussed: → How fixed and variable rates work. → Spreads on variable and fixed rates in different types of mortgages. → And which rates are the ones banks showcase online.

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MORTGAGE INQUIRIES

📞 Book a Call 📧 Email us→ experts@northshoregro...