The biggest difference between a broker and your bank
Do you know the biggest difference between using a mortgage broker and using the bank?
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Blog
Introducing the interest-only mortgage
Relatively self-explanatory, an interest-only mortgage is one in which your entire mortgage payment goes to interest and does not pay down the...
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Mortgage brokers save you money, not take it from you
As mortgage brokers, we focus on finding you the best deal, not on keeping you with the same bank. We work for you, not the banks. Sure it...
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We’re like 50 mortgage companies in one
One of the best things about working with a mortgage broker is that it saves you time and money. For example, through the Mortgage Alliance...
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6 people who want you to use a mortgage broker
We’ve discussed several times various reasons why when buying your first home (or any home for that matter), it’s wise to use a mortgage...
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Why the property matters
Before approving you for a mortgage, a lender will typically review 4 areas of your mortgage application: Income Credit Down payment/equity The...
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How to get a down payment if you have no money
Without a doubt, one of the most challenging aspects of buying a home—particularly if it’s your first home—is coming up with the down payment....
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Pay for your new home and the renos, with just one mortgage
Most home buyers apply for a mortgage for the price of their new home. Later, if they want to build an addition, or get new cabinets, or build...
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5 things you must know before renewing your mortgage
Did you recently receive a notice from your lending institution reminding you that it’s time to renew your mortgage? No matter how good the...
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3 home financing options when you’re retired
You may have read the title to this article and thought “I’m a long way off from retirement”, but you might be closer to retirement than you think, and a good mortgage can certainly help you along the way.
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5 things to remember when choosing a home builder
Are you finally ready to make the plunge to buy a new home? Maybe you’re done with renting? Or maybe the house you bought didn’t quite live up...
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4 types of homeowners we can help
At Mortgage Design Group, we’re committed to finding you the Right Mortgage to fit your needs. And you don’t need to be a seasoned homebuyer to...
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Bank of Canada keep rate steady again. For now.
The Bank of Canada announced this week that they’re keeping their overnight rate target at 1.75%. Yet again. The primary motivation for...
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Ready to buy a larger home? Answer these 4 questions first
Are you in the market for a new home? If your family or lifestyle has outgrown your first home, it might be time to upgrade to a larger home....
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4 way to pay off your mortgage faster
Although getting a mortgage is exciting—as it helps you become a homeowner—a mortgage is, in fact, a lot of debt. So if you have a mortgage,...
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6 ways to lower your home’s cooling costs this summer
This summer will be hot. Since it’s still relatively cool out, now’s the perfect time to prepare your home to beat the heat. Follow these 6...
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