Mortgage Blog

Canada's Mortgage Experts

Category: Mortgage Tips & Advice (101 posts)

Mortgage Tip: To Waive or Not To Waive Your 5-Day Financing Condition

Mortgage Tip: To Waive or Not To Waive Your 5-Day Financing Condition

October 8, 2019 | Posted by: Joe Ferraro

Should you waive your 5-Day Financing Condition? Some people do and some people don’t. Some folks have no idea about it. But one thing is for certain - the majority of buyers should pay very ... [read more]

Mortgage Tip: Low Mortgage Rate? Read The Fine Print

Mortgage Tip: Low Mortgage Rate? Read The Fine Print

October 4, 2019 | Posted by: Joe Ferraro

Lots of sites out there offering peculiar low rates but like any mortgage commitment, it is IMPERATIVE to read the fine print. One small thing can trigger a massive financial penalty. As always ... [read more]

Mortgage Tips: Three Easy Things To Do Prior To Renewal

Mortgage Tips: Three Easy Things To Do Prior To Renewal

October 1, 2019 | Posted by: Joe Ferraro

Unlike shopping for a vacation, waiting until the last minute to renew your mortgage can EASILY cost you thousands of dollars in the long run. Watch this quick video for simple tips to keep you ... [read more]

Mortgage Tip: Mortgage Bizarro World Is Real

Mortgage Tip: Mortgage Bizarro World Is Real

September 27, 2019 | Posted by: Joe Ferraro

It’s a common theme I often discuss with clients who are figuring out their down payment amount as well as with those at renewal. Mortgage Bizarro World is real - watch this quick video t ... [read more]

Mortgage Tip: First Time Homebuyers Incentive Update

Mortgage Tip: First Time Homebuyers Incentive Update

September 23, 2019 | Posted by: Joe Ferraro

Just a quick video update on the recently released First Time Home Buyer’s Incentive … it’s ok for some, but not for all. As always, if you have any mortgage related inquires ... [read more]

Mortgage Tip: Answering Your Questions - Easy Ways To Improve Your Credit

Mortgage Tip: Answering Your Questions - Easy Ways To Improve Your Credit

September 12, 2019 | Posted by: Joe Ferraro

In less than one minute, I answer your questions regarding how potentially easy it actually is, to improve your credit. As always, if you have any mortgage related inquires, feel free to email ... [read more]

Mortgage Tip: Simple Tips To Improve Your Credit

Mortgage Tip: Simple Tips To Improve Your Credit

September 4, 2019 | Posted by: Joe Ferraro

Are you aware of the 30% Credit Algorithm? How about the Two Trade Line Rule? Watch this video and please share if you or anyone you know needs to quickly get their credit score back to where i ... [read more]

Mortgage Tip: Examples Of How You Can See What's On Your Credit Report

Mortgage Tip: Examples Of How You Can See What's On Your Credit Report

August 30, 2019 | Posted by: Joe Ferraro

Do you know your Credit Score and what is listed on your Credit Report? This information is very important when applying for a mortgage. In this quick video, I explain some ways for you to f ... [read more]

Mortgage Tip: Easily Improve Credit Score To Obtain A Mortgage

Mortgage Tip: Easily Improve Credit Score To Obtain A Mortgage

August 28, 2019 | Posted by: Joe Ferraro

If you are concerned about your credit score affecting your ability to get a mortgage, stop right there.  Let’s discuss it confidentially and put together a simple action plan to tur ... [read more]

Mortgage Tip: How Many Lenders Do I Have Access To?

Mortgage Tip: How Many Lenders Do I Have Access To?

August 22, 2019 | Posted by: Joe Ferraro

I get asked this all the time - how many lenders are there and how many do I have access to? In this quick video, I explain how many lenders I personally prefer to use. As always, if you hav ... [read more]

Mortgage Tip: You Have The Right To Save Thousands Of Dollars

Mortgage Tip: You Have The Right To Save Thousands Of Dollars

August 8, 2019 | Posted by: Joe Ferraro

I’m surprised many people are afraid to shop their mortgage around at renewal, and in fact, did not know they had the right to do so. You definitely do have that right and should take adv ... [read more]

Mortgage Tip: Easy Renewal Strategy

Mortgage Tip: Easy Renewal Strategy

August 6, 2019 | Posted by: Joe Ferraro

Now that the long weekend has come and gone, the phone and inbox are back in full swing.  Today’s video is short, simple to the point … and is intended to make your life much ... [read more]

Mortgage Tip: Do Not Renew With Your Eyes Closed

Mortgage Tip: Do Not Renew With Your Eyes Closed

August 2, 2019 | Posted by: Joe Ferraro

Far too many people get their renewal letter and sign on the dotted line.  Not only could you potentially save thousands over your next mortgage term, you could end up paying way more in m ... [read more]

Mortgage Tip: Renewal Quick Tips

Mortgage Tip: Renewal Quick Tips

July 25, 2019 | Posted by: Joe Ferraro

At renewal time, your mortgage presents an opportunity for your finances to potentially get much better.  Never underestimate the hundreds you can potentially save per month, freeing up so ... [read more]

Mortgage Tip: My Examples Of Being Available

Mortgage Tip: My Examples Of Being Available

July 24, 2019 | Posted by: Joe Ferraro

One of the reasons I became a mortgage agent was because I was dissatisfied with the ones I spoke to in the past. They weren’t polite, didn’t care about me as a client and quite frankl ... [read more]

Mortgage Tip: Do You Know What's On Your Credit Report?

Mortgage Tip: Do You Know What's On Your Credit Report?

July 22, 2019 | Posted by: Joe Ferraro

Higher credit score often means lower interest rate. It’s often alarming for clients when we complete an initial mortgage application and they find out their credit is much lower than wha ... [read more]

CMHC First Time Buyer Incentive Part II

CMHC First Time Buyer Incentive Part II

July 19, 2019 | Posted by: Joe Ferraro

In today’s quick video, I break down the numbers for those who wanted clarification on whether or not they can take advantage of the upcoming CMHC First Time Buyer Incentive with a lower pro ... [read more]

Update To The CMCH First Time Buyer Incentive

Update To The CMCH First Time Buyer Incentive

July 17, 2019 | Posted by: Joe Ferraro

A recent update came out regarding the CMHC First Time Buyer Incentive. In this video I give you a high level overview of how some of the numbers will work. There is much more to this progra ... [read more]

Mortgage Tip: Always Save Your Financial Documents

Mortgage Tip: Always Save Your Financial Documents

July 8, 2019 | Posted by: Joe Ferraro

Whether you’re a first time home buyer, renewing or refinancing, whenever you apply for a mortgage, we will need your paperwork. Save yourself the stress by always keeping your financial ... [read more]

Mortgage Tip: You Will Get Googled

Mortgage Tip: You Will Get Googled

July 5, 2019 | Posted by: Joe Ferraro

It’s a different mortgage world nowadays, especially with the ease and availability of due diligence via the internet.  Verification is done in many ways, initially via Google, espec ... [read more]

From Pre Approval To Approval

From Pre Approval To Approval

July 2, 2019 | Posted by: Joe Ferraro

I’ve spoken at length about the importance of arming yourself (and your Realtor) with a Pre-Approval, prior to purchasing a property. But after obtaining one, you must understand it&rsquo ... [read more]

Mortgage Tip: The Importance Of Disclosure

Mortgage Tip: The Importance Of Disclosure

June 27, 2019 | Posted by: Joe Ferraro

I cannot stress enough the importance of disclosing everything when doing your mortgage application.  If you notice your mortgage agent/broker may have missed something tell them. If yo ... [read more]

Mortgage Tip: It's Not What You Say, It's What We Can Prove

Mortgage Tip: It's Not What You Say, It's What We Can Prove

June 24, 2019 | Posted by: Joe Ferraro

Exaggerating or “bumping up” your salary is a recipe for an application disaster.  I’ve taken clients at their word, had them verbally verify their salary … but wh ... [read more]

4 Homebuyer Tips To Make House Hunting More Efficient

4 Homebuyer Tips To Make House Hunting More Efficient

June 20, 2019 | Posted by: Joe Ferraro

Going house hunting can be fun and exciting at first, but the more houses you look at, the more frustrating you might become -- especially if you just can't seem to find the perfect home. No one ... [read more]

First Time Homebuyer - HomeBuyers Plan Increases To $35,000 But ...

First Time Homebuyer - HomeBuyers Plan Increases To $35,000 But ...

June 20, 2019 | Posted by: Joe Ferraro

Effective immediately, while the HomeBuyer’s Plan now allows you to take out $35,000 from your RRSP’s to put towards the purchase of your first home/condo, you still must pay it all ba ... [read more]

The New CMHC First-Time Homebuyer Incentive Plan

The New CMHC First-Time Homebuyer Incentive Plan

June 20, 2019 | Posted by: Joe Ferraro

Since the announcement from last week’s Federal Budget, there has been some speculation as to what the new CMHC First Time Homebuyer’s Plan is about. In this video, I give you the b ... [read more]

Downpayment Funds From Outside Of Canada

Downpayment Funds From Outside Of Canada

June 13, 2019 | Posted by: Joe Ferraro

There are specific rules when it comes to using international funds for a downpayment towards the purchase of a property.  Watch this quick video for a high level overview if you plan to u ... [read more]

Downpayment 101: Explaining Large Deposits

Downpayment 101: Explaining Large Deposits

June 10, 2019 | Posted by: Joe Ferraro

Gone are the days of “cash deposits”. In this video, I briefly explain what you need to be ready to answer when it comes time to prove your downpayment … and it’s the law ... [read more]

Mortgage Tip: Using Your TFSA For Downpayment

Mortgage Tip: Using Your TFSA For Downpayment

June 7, 2019 | Posted by: Joe Ferraro

Most people don’t know if it’s possible, but: can you use your TFSA for downpayment? And what about the room you lose within in it, if you? Check out this video for the basics and i ... [read more]

Mortgage Tip: Using Your RRSP For Downpayment

Mortgage Tip: Using Your RRSP For Downpayment

May 29, 2019 | Posted by: Joe Ferraro

Many people wonder about where to get down payment funds and understand they may do so via their RRSP. But how much can you use? And do you have to pay it back?  Watch this video to get th ... [read more]

Mortgage Tip: What You Need To Know About Gifted Downpayment

Mortgage Tip: What You Need To Know About Gifted Downpayment

May 28, 2019 | Posted by: Joe Ferraro

Do you have Parents or a Family Member who will ‘Gift’ you a portion (or all) of your down payment?  Check out this quick video for the basics and what you need to know before ... [read more]

Mortgage Tip: Down Payment Rules For Those New To Canada

Mortgage Tip: Down Payment Rules For Those New To Canada

May 27, 2019 | Posted by: Joe Ferraro

When it comes to Down Payment rules for those that are new to Canada, there are three things to consider. In this video, I give a quick explanation of what you need to know.  Need mortgage ... [read more]

Mortgage Tip: Using Equity To Buy A Rental Or Second Home

Mortgage Tip: Using Equity To Buy A Rental Or Second Home

May 24, 2019 | Posted by: Joe Ferraro

With it being a buyers market this spring and mortgage rates dropping over the past 4-5 weeks, many are wondering if and how they can buy a rental or second home, if cash isn’t readily avail ... [read more]

Mortgage Tip: Down Payment For Rentals Or Second Homes

Mortgage Tip: Down Payment For Rentals Or Second Homes

May 21, 2019 | Posted by: Joe Ferraro

How much of a down payment do you need for an investment property, like a rental? What about a second home? In this video, I give you some basics to consider. Need mortgage advice or specific s ... [read more]

Mortgage Tip: How To Bypass Mortgage Insurance

Mortgage Tip: How To Bypass Mortgage Insurance

May 16, 2019 | Posted by: Joe Ferraro

Very quick video with a simple answer to a frequent question. Most people don’t know the easiest way to do this (although better ensure you have enough funds available) :) Need mortgage a ... [read more]

Quick Tip: Downpayment Increments Explained

Quick Tip: Downpayment Increments Explained

May 15, 2019 | Posted by: Joe Ferraro

Here’s a quick video explaining the basics around the downpayment rules to help you understand how much you will need based on the property amount you will be purchasing. Need mortgage ad ... [read more]

Mortgage Tip: Downpayments 101

Mortgage Tip: Downpayments 101

May 15, 2019 | Posted by: Joe Ferraro

Over the next few days / weeks, I will address some of the many yet repeating questions that come my way regarding the basics and legalities of down payments when purchasing a home, rental, invest ... [read more]

Mortgage Tip: How To Improve Your Credit Score

Mortgage Tip: How To Improve Your Credit Score

April 17, 2019 | Posted by: Joe Ferraro

A very common question I get asked is “How Do I Improve My Credit Score?”.  In this video, I give you the basics on how to do so, while also explaining how your credit debt loa ... [read more]

Mortgage Tip: Your Pre Approval Checklist

Mortgage Tip: Your Pre Approval Checklist

April 12, 2019 | Posted by: Joe Ferraro

It’s that time of the year when the Real Estate Market ‘springs’ into action. If you’re thinking of buying, you need to get pre approved as soon as possible. This v ... [read more]

Mortgage Tip: Get Your Pre-Approval Certificate, But ...

Mortgage Tip: Get Your Pre-Approval Certificate, But ...

April 10, 2019 | Posted by: Joe Ferraro

I am a huge advocate on the extreme importance and necessity of having a pre-approval certificate before you ask a realtor to go house hunting for you. But, while a pre-approval certificate is ... [read more]

Easy Mortgage Tip: Check Your Credit Score Every Month

Easy Mortgage Tip: Check Your Credit Score Every Month

April 8, 2019 | Posted by: Joe Ferraro

These three examples are from last week alone. I see this a few times a week to be honest.  It’s so important to monitor your credit score and it takes all of 5 seconds to do it mont ... [read more]

Mortgage Advice: Refinancing Explained in 60 Seconds

Mortgage Advice: Refinancing Explained in 60 Seconds

April 4, 2019 | Posted by: Joe Ferraro

It’s a common question I get almost daily: 'Can refinancing my debt into a new mortgage save me money?'  Take a look at this video to see how it could potentially work for you. ... [read more]

A Mortgage Agent With A Large Circle Of Home Professionals

A Mortgage Agent With A Large Circle Of Home Professionals

April 2, 2019 | Posted by: Joe Ferraro

One of the things I take pride in is the ability to help my clients not just with their financing, but perhaps finding the right home professional to help them further.  Be it a Realtor, C ... [read more]

The Four Letter Word In The Mortgage Landscape: 'Rate'

The Four Letter Word In The Mortgage Landscape: 'Rate'

March 29, 2019 | Posted by: Joe Ferraro

‘Rate’ - the infamous four letter word that has saved some people money in the short term, but cost them thousands in the long term. Please, do not just sign on the dotted line for ... [read more]

Client Thanks For Me For Saving Them Time And Money

Client Thanks For Me For Saving Them Time And Money

March 27, 2019 | Posted by: Joe Ferraro

After having a recent conversation with a client, I thought I would share why they were so thankful for something I sincerely believe must be automatic for me as a mortgage agent.  If I&rs ... [read more]

Mortgage Tip: A Verbal Pre Approval Vs. A Written One

Mortgage Tip: A Verbal Pre Approval Vs. A Written One

March 15, 2019 | Posted by: Joe Ferraro

Pre Approvals come in many formats and you should arm you Realtor (and Yourself) with the right one.  A verbal pre approval can work but I like to get them on paper with the lenders.  ... [read more]

Mortgage Tip: Clarification on Income Verification

Mortgage Tip: Clarification on Income Verification

March 13, 2019 | Posted by: Joe Ferraro

Saying what you make in income vs. proving it on paper can potentially be two different things. In this video I explain what the majority of lenders use and do, to verify your income. ... [read more]

Maximum Mortgage Amount vs. Maximum Purchase Price

Maximum Mortgage Amount vs. Maximum Purchase Price

March 6, 2019 | Posted by: Joe Ferraro

There is a drastic difference between maximum mortgage amount and maximum purchase price. Recently, I was asked to clarify for a few different scenarios. ... [read more]

Mortgage Question: Why Do I Have To Get An Appraisal?

Mortgage Question: Why Do I Have To Get An Appraisal?

March 4, 2019 | Posted by: Joe Ferraro

It’s a question that comes up all the time: “why do I have to get an appraisal?” … in this video I explain why it’s something you have to often pay for and a conditi ... [read more]

Shop For Your Mortgage Like You Would Shop For A New Vehicle

Shop For Your Mortgage Like You Would Shop For A New Vehicle

February 28, 2019 | Posted by: Joe Ferraro

Thanks to a viewer, who summed it up nicely. In essence, we should be shopping for a new mortgage like we would when buying a new vehicle. Research your options, deals, specials and don&rsquo ... [read more]

The Similarities Between Vacation Shopping and Mortgage Shopping

The Similarities Between Vacation Shopping and Mortgage Shopping

February 26, 2019 | Posted by: Joe Ferraro

In this video, I share a quick analogy of how you can take your shopping for the best vacation deal and transfer it to shopping for your best mortgage rate and product. ... [read more]

Mortgage Tip: Free Up Cash Flow With A 30 Year Amortization

Mortgage Tip: Free Up Cash Flow With A 30 Year Amortization

February 8, 2019 | Posted by: Joe Ferraro

This can be a short term or long term solution, but in this video I explain how and why a 30 year amortization can free up some monthly cash flow. ... [read more]

Mortgage Tip: Consider Refinancing Debt At Renewal

Mortgage Tip: Consider Refinancing Debt At Renewal

February 7, 2019 | Posted by: Joe Ferraro

If you’ve incurred debt on a high interest credit card, loan or line or credit, consider refinancing at renewal - could save you thousands of dollars in the long term. ... [read more]

Mortgage Tip: Know Your Credit Score Before Renewing

Mortgage Tip: Know Your Credit Score Before Renewing

February 6, 2019 | Posted by: Joe Ferraro

If your mortgage is coming up for renewal, then it’s also time to start reviewing your credit score to make sure it’s as high as it can be. I use MOPOLO (app) to monitor mine and ha ... [read more]

Easy Mortgage Tip: Do Not Incur New Debt Prior To Renewal

Easy Mortgage Tip: Do Not Incur New Debt Prior To Renewal

February 5, 2019 | Posted by: Joe Ferraro

With the various mortgage rules in place, it’s very important to understand that you do not incur any new debt prior to renewal. In this video, I briefly explain why this could have finan ... [read more]

Mortgage Tip: The Letter Of Employment

Mortgage Tip: The Letter Of Employment

February 4, 2019 | Posted by: Joe Ferraro

It’s one of the most important documents that can make or break a deal. I’ve personally seen how this one piece of paper can end a deal in the blink of an eye. Watch the video to ... [read more]

Mortgage Tip: I Represent You To Over Fifty Lenders

Mortgage Tip: I Represent You To Over Fifty Lenders

February 4, 2019 | Posted by: Joe Ferraro

Prior to signing any renewal ( or pre approval ) documents, always remember that you have options. Above all, I work for you, and represent you to over fifty different lenders. ... [read more]

Mortgage Tip: No Paperwork - No Deal

Mortgage Tip: No Paperwork - No Deal

February 1, 2019 | Posted by: Joe Ferraro

Gone are the days when you can verbally do a mortgage deal. In this day and age, everything will be verified by the lender, so rest assured, I will not waste their time, my time and your time.&nbs ... [read more]

Do Not Waive Your 'Financing Condition'

Do Not Waive Your 'Financing Condition'

January 31, 2019 | Posted by: Joe Ferraro

It’s the topic the divides many Realtors and Mortgage Agents, often putting the client in a tough situation. In this video, I explain why it’s important to think twice, before waivi ... [read more]

What is a Monoline Lender And How Do They Compare To A Bank?

What is a Monoline Lender And How Do They Compare To A Bank?

January 29, 2019 | Posted by: Joe Ferraro

Glad to see that many people are seeing that there are lender options for your mortgage. In this video I explain the difference between some of them.  ... [read more]

Can You Buy A Home With Bad Credit?

Can You Buy A Home With Bad Credit?

January 29, 2019 | Posted by: Joe Ferraro

In this video I answer the question of whether someone with bad credit can still buy a home. ... [read more]

The Five C's Of Credit

The Five C's Of Credit

January 23, 2019 | Posted by: Joe Ferraro

These are the five things lenders will examine when considering your file … and it’s my job to ensure I can show the lender that you’re have them. ... [read more]

What is 'The Stress Test' or 'Qualifying Rate'?

What is 'The Stress Test' or 'Qualifying Rate'?

January 22, 2019 | Posted by: Joe Ferraro

It’s the one thing in the mortgage world that scares almost everyone. Here’s a brief description of what it is. ... [read more]

Mortgage Tip: Should I Buy A Property That Has A Rental Unit?

Mortgage Tip: Should I Buy A Property That Has A Rental Unit?

January 16, 2019 | Posted by: Joe Ferraro

In today’s video, I answer a question from a client who is on the fence about buying a property with a rental unit. ... [read more]

Easy Mortgage Tip: Always Monitor Your Credit Score

Easy Mortgage Tip: Always Monitor Your Credit Score

January 14, 2019 | Posted by: Joe Ferraro

The holiday season has come and gone so this is the time of year I remind everyone to always monitor their credit score. In this video, I explain why. ... [read more]

Mortgage Amortization and Cash Flow

Mortgage Amortization and Cash Flow

January 11, 2019 | Posted by: Joe Ferraro

It’s the “A-Word” people are confused about - but in this video I explain how it can help you with some more monthly cash flow. ... [read more]

To Get The Best Mortgage, You Need Options

To Get The Best Mortgage, You Need Options

January 9, 2019 | Posted by: Joe Ferraro

In this video, I explain the relevance between Holiday Gift Shopping and how it relates to mortgages. ... [read more]

A Quick Pubic Service Announcement from Matthew and Joe

A Quick Pubic Service Announcement from Matthew and Joe

November 30, 2018 | Posted by: Joe Ferraro

One more day to go … Come join Matthew Fusco and I, at this Saturday’s #Stouffville Santa Claus Parade, 6pm - 8pm.  ... [read more]

Holiday Pasta!??!?

Holiday Pasta!??!?

November 29, 2018 | Posted by: Joe Ferraro

Part 3 of 3 ... With just two days to go, deadlines need to be met, but Joe cannot get Matthew to focus. Come join Matthew Fusco and I at this Saturday’s #Stouffville Santa Claus Parade, ... [read more]

Three Days Out From The Santa Claus Parade And The Tension Is Rising

Three Days Out From The Santa Claus Parade And The Tension Is Rising

November 28, 2018 | Posted by: Joe Ferraro

Part 2 of 3 ... with Joe trying to get work done, Matthew is consumed by the Holiday Spirit. Come join @matthew.fusco and I at this Saturday’s #Stouffville Santa Claus Parade, 6pm - 8pm.& ... [read more]

Coffee Talk: Santa Is Coming To Town

Coffee Talk: Santa Is Coming To Town

November 27, 2018 | Posted by: Joe Ferraro

Wait for it …. ;) (Part 1 of 3) Come join @matthew.fusco and I at this Saturday’s #Stouffville Santa Claus Parade, 6pm - 8pm.  ... [read more]

The Importance Of Official Bank Statements

The Importance Of Official Bank Statements

November 23, 2018 | Posted by: Joe Ferraro

Long gone are the days when mortgage deals can be struck by simply telling a lender what your finances are. Now, official bank statements are required, not downloadable transactions. ... [read more]

Arm Your Realtor With The Right Information

Arm Your Realtor With The Right Information

November 22, 2018 | Posted by: Joe Ferraro

In this video I explain the importance of arming your Real Estate Agent with the proper info BEFORE sending them off to find your desired property. ... [read more]

How Refinancing May Help You With Current Debt

How Refinancing May Help You With Current Debt

November 21, 2018 | Posted by: Joe Ferraro

In this video, I explain how refinancing can help with some breathing room when debts have been incurred. ... [read more]

Separation and Divorce: The Separation Agreement

Separation and Divorce: The Separation Agreement

November 20, 2018 | Posted by: Joe Ferraro

There are many variables when it comes to financing for parties going through a separation and/or divorce but the key component is The Separation Agreement. It generally sets the foundation for ... [read more]

What Documents Do I Need To Apply For A Mortgage?

What Documents Do I Need To Apply For A Mortgage?

November 19, 2018 | Posted by: Joe Ferraro

If you’ve never applied for a mortgage before, he’s some quick tips to ensure you get the ball rolling smoothly. ... [read more]

Know Your Mortgage Penalty

Know Your Mortgage Penalty

November 16, 2018 | Posted by: Joe Ferraro

Mortgage penalties are real. Far too many don’t know the potential implications breaking a mortgage can have on them financially, which often leads to a very disheartening, emotional expe ... [read more]

Be Careful Selecting The Length Of Your Mortgage Term

Be Careful Selecting The Length Of Your Mortgage Term

November 15, 2018 | Posted by: Joe Ferraro

In this video, I give an overview of the importance of selecting the right term for your mortgage. It can make the difference between saving or spending thousands of dollars. ... [read more]

Do Not Mess With Your Credit

Do Not Mess With Your Credit

November 14, 2018 | Posted by: Joe Ferraro

Missed / late payments messes up your credit. When good credit turns to bad credit, it could come back to haunt you, especially when you decide to apply for a mortgage. What you may have don ... [read more]

The App I Use To Monitor My Credit Score

The App I Use To Monitor My Credit Score

November 13, 2018 | Posted by: Joe Ferraro

In this video, I share the app I use to check my own credit score (and value of my home). It’s the app I’ve shared with my clients and now it’s something I suggest for everyon ... [read more]

Income Declaration and Verification

Income Declaration and Verification

November 12, 2018 | Posted by: Joe Ferraro

In this video, I give a brief overview of the importance of being precise with one’s income declaration … and the potential ramifications if the numbers aren’t truthful. ... [read more]

A Summary And Dollar Amount Of Itemized Closing Costs

A Summary And Dollar Amount Of Itemized Closing Costs

November 8, 2018 | Posted by: Joe Ferraro

In this video, I answer a request to summarize and itemize the potential closing costs in dollar amounts when purchasing a home or condo. ... [read more]

Investing or Buying A Rental Property

Investing or Buying A Rental Property

November 7, 2018 | Posted by: Joe Ferraro

Investing / Buying A Rental Property is one of the best ways to increase your net worth. In this video, I offer up a high level summary of the basics. If you’d like to know more, DM me or ... [read more]

Applying for a mortgage after Bankruptcy or in a Consumer Proposal

Applying for a mortgage after Bankruptcy or in a Consumer Proposal

November 1, 2018 | Posted by: Joe Ferraro

It’s a scenario that has many wondering if getting a mortgage is even possible. In most cases, it is possible. Let’s examine where you are at today and I’ll start making some ... [read more]

Applying For A Mortgage When You Are Self-Employed

Applying For A Mortgage When You Are Self-Employed

October 31, 2018 | Posted by: Joe Ferraro

In this video, I quickly address the fears that many self-employed parties have when wanting to apply for a mortgage. ... [read more]

Sticker Shock: The Land Transfer Tax Surprise

Sticker Shock: The Land Transfer Tax Surprise

October 30, 2018 | Posted by: Joe Ferraro

In this video, I explain the biggest shock a client will endure when they are not properly prepared for their closing cost. ... [read more]

A Simple And Free Way To Fix Bad Credit Is Coming

A Simple And Free Way To Fix Bad Credit Is Coming

October 22, 2018 | Posted by: Joe Ferraro

Part 2 of 2: A simple and free way to fix bad credit is coming. I’m using it as we speak. Going to share with my existing clients first then open it up to my social media followers. ... [read more]

The Basics of The Overall Mortgage Process

The Basics of The Overall Mortgage Process

October 22, 2018 | Posted by: Joe Ferraro

In today’s video, I discuss the basics surrounding the overall process when applying for a mortgage. First things first, we simply have a discussion … and then take it from there. ... [read more]

Rates Based On Credit Score - Part 1 of 2

Rates Based On Credit Score - Part 1 of 2

October 19, 2018 | Posted by: Joe Ferraro

Part 1 of 2: Your credit rate (or beacon score) directly impacts the rate you will get from a lender. In this video, I quickly explain why. ... [read more]

Closing Costs

Closing Costs

October 17, 2018 | Posted by: Joe Ferraro

\ One of the most important things to consider, and one that is often forgotten, are the Closing Costs associated with the purchase of a home, condo or property. It is something I always discuss a ... [read more]

Types of Lenders 101

Types of Lenders 101

October 16, 2018 | Posted by: Joe Ferraro

In today’s video, I answer a question regarding “Lenders” and the various types that are available, to those looking to acquire a mortgage or specific financing. ... [read more]

The Downpayment

The Downpayment

October 15, 2018 | Posted by: Joe Ferraro

In today’s video, I answer a question regarding “Downpayment” and how things have changed in the mortgage space, especially regarding the paper trail and expectations from the le ... [read more]

I'm Not Here To Judge ... I'm Here To Help.

I'm Not Here To Judge ... I'm Here To Help.

October 4, 2018 | Posted by: Joe Ferraro

Sometimes there are personal (financial) conversations that people are too afraid to have. Even friends of mine to worried I will judge them. The reality is that this is simply not the truth ... in ... [read more]

What are my Prepayment Options?

What are my Prepayment Options?

September 25, 2018 | Posted by: Joe Ferraro

Did you know you likely have prepayment options in your mortgage term? In this video, I explain examples of 15/15, 20/20 and other ways to pay off your mortgage sooner. ... [read more]

What are some Downpayment Options You can use?

What are some Downpayment Options You can use?

September 24, 2018 | Posted by: Joe Ferraro

Coming up with a down payment for a property can be tricky for some. In this video, I explain a few different options to put together at least 5% down. ... [read more]

What is Mortgage Insurance?

What is Mortgage Insurance?

September 21, 2018 | Posted by: Joe Ferraro

It’s often a confusing part of the mortgage application process, but in this video, I quickly explain the difference between the two most common insurance products related to mortgages. ... [read more]

What is the difference between fixed or variable?

What is the difference between fixed or variable?

September 20, 2018 | Posted by: Joe Ferraro

It’s one of the most frequently asked questions: Fixed or Variable? What’s the difference? Which is better?  In this video, I provide a high-level synopsis. If you want more in ... [read more]

What Exactly Does a Mortgage Broker Do?

What Exactly Does a Mortgage Broker Do?

September 18, 2018 | Posted by: Joe Ferraro

It’s a question that comes up daily: “What exactly does a mortgage broker do?’ There are many ways to answer this question but in this video, I give you a basic example of how ... [read more]

Can I pre-qualify without seeing a mortgage specialist? YES!!

Can I pre-qualify without seeing a mortgage specialist? YES!!

September 17, 2018 | Posted by: Joe Ferraro

It’s a question that was recently asked of me: “Can I pre-qualify without seeing a mortgage specialist?” And the answer is “Yes”. There are many tools online th ... [read more]

For 2018: Ten mortgage tips you won't get from your bank

For 2018: Ten mortgage tips you won't get from your bank

January 3, 2018 | Posted by: Joe Ferraro

  More new mortgage rules come into effect January 1, which will make it trickier to negotiate a mortgage for many Canadians. But with a little expert advice, I can help ensure you have a happy ... [read more]

4 Strategies That Can Help You Get Pre-Approved

4 Strategies That Can Help You Get Pre-Approved

May 29, 2017 | Posted by: Joe Ferraro

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ... [read more]

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