Search:

Gregory van Duyse's Articles in Loans

  • How to save on Mortgage Penalities (hypotheque)
    No borrower wants to pay a penalty on his home loan! That’s for sure, but all mortgage loans, apart from some unusual types of open mortgages, have penalties for prepayments. The question of penalties includes many aspects which need clear explanation and examples in order to be able to fully comprehend them.
  • How do you choose your mortgage consultant? - Courtier hypothecaire
    It is not very difficult to find a good mortgage counselor. Just as you would hire someone to work for you, think of your mortgage counselor as a good employee who will be with you in the future. He should be, because he will be there to help you save money over the next 15 or 25 years - courtier hypothecaire.

    Important areas to think about when you are looking for a good mortgage broker:
  • Does paying your mortgage weekly or every two weeks really have an impact over paying it once a month? - prêt hypothéca
    The more payments that are made, the more you will save on your mortgage, even if you do not increase the amount being paid. So, make your payment each week to get the most savings. If you can’t do this, at least do it every two weeks.
  • Open Mortgage – A good idea? (taux hypothecaire)
    An open mortgage (taux hypothecaire) can be astrategicmortgage tool that can prevent high early payout penalties. It should, however, only be used if the chances are very high that the mortgage will be paid off in the next 12 months. If the mortgage is not expected to be paid off within that time frame (13 months or more) it is more advantageous to take the fixed rate home loan and pay the payout penalty.
  • The long term loan strategy - hypotheque
    Is it good to take out a longer amortized mortgage?

    The purpose is surely not to take a longer time to pay off your mortgage, or to pay more mortgage interest on your mortgage - hypothèque. As a matter of fact, most people stilll choose a 15 to 25 year amortization schedule.
  • Who decides the future of mortgage rates? - hypotheque
    This is a complicated topic and this is a very simplistic explanation. If you consulted a library or searched on the internet, you would find literally thousands of items on the topic of how interest rates are determined. We will look at the Bank of Canada’s fiscal policy and the fixed income market (taux hypothecaire).
  • The loan strategy for “less than perfect credits” (taux hypothécaire)
    If you are one of the ones with less than perfect credit there is a strategy that you can follow in order to achieve your dream of owning a home. You will need to follow it in three to four steps; it can’t happen immediately, but following these steps will mean that eventually you will obtain the best home loan rates (taux hypothèque) available to you.
  • Why do mortgage brokers work for their clients and not for lenders? (courtier hypothecaire)
    A mortgage consultant (courtier hypothécaire) will earn his livelihood by the fees he receives. They want to build up a satisfied client base so that their reputation, and consequently the amount of business (and commissions) will grow.
  • How to beat the lowest home loan rates(taux hypothécaire)
    A good home loan (hypothèque) strategy can make you save up to 20 times more on your loan than getting only the lowest mortgage rate (taux hypothécaire). A certified mortgage consultant (courtier hypothécaire) can help you finding the right strategy for your loan.

Powered by Article Dashboard