Blog
Ottawa Mortgage Brokers Blog
Please see below for a selection of our blog posts, which include information on Ottawa Mortgage Broker services, Ottawa Mortgage Advisors, Private Lenders in Ottawa, and much more. For personalized assistance or inquiries, feel free to contact us.
Dragon Kevin O`Leary is hot for mortgage biz
MortgageBrokerNews.ca has more questions than answers at this point, but many brokers are both intrigued and nervous about reports the fiercest Dragon in the Den
Canadians confident in housing, but most not ready to buy
Survey results suggest most Canadians feel now is a great time to buy a home, but not for them personally. A poll done for Royal
Jenn & Bryon
I was able to ask question about the entire home buying process and get quick, honest, unbiased advice. Even after our closing my agent made her self available to answer our questions and alleviate our worries. I really appreciated her email on closing day wishing us luck and congratulating us.
Questions to ask before buying a rental property
Owning a rental property can be a profitable investment — but it’s not for everyone. Here are some questions to ask yourself before you take the plunge.
If you’re thinking of purchasing an investment property to rent out to tenants, you will need to do some serious research. There’s much more to being a landlord than putting up an ad on Craigslist — it’s like taking on a second job. You will need to factor in realistic financial projections, and carefully weigh the pros and cons of your decision.
Renewing Your Mortgage for the First Time
Many Canadians renew their mortgages like they renew their newspaper subscriptions: the renewal notice comes in the mail, they sign on the dotted line, and that’s that.
But homeowners should be more discriminating, say experts. A lot can change between the time you purchased your house and your first renewal — everything from interest rates to your job and family situation can change dramatically. Therefore, it’s good advice to re-evaluate your needs thoughtfully rather than blindly signing the renewal.
“It’s not simply about the best rate,” says Gerry Orr, a mortgage agent with Alberta’s Best Mortgage in Calgary. “Most mortgage brokers look at your mortgage as part of your overall plan.”
If it’s your first time renewing your mortgage, you should be aware of the options available to you. You may find that negotiating different terms or changing lenders not only saves you money but could shorten the life of your mortgage substantially.
Purchasing plus Improvements Mortgage
So you’ve decided to buy a house but it’s not perfect to your standards. Luckily our lenders offer a solution to bring it up to par. Welcome to the ‘Purchase plus Improvements’ mortgage.
This program is designed for people who wish to purchase a home that may require some immediate upgrades. For example, a new electrical service, a new roof, central air, a new furnace, new siding, eaves, fascia, doors, windows, a new kitchen, carpeting… or any other renovation that would increase the value of the home.
Ottawa Real Estate Board Trade Show
This year Capital Mortgages will be taking part in the Realtor Trade Show! This event will be held during the day on Thursday November 1st at the Centurion Conference Centre located at 170 Colonnade Rd. The event starts at 9:30am and runs until 3:30pm. Drop by our booth and say hello!