Agent Blogs


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How does the Home Buyer Plan (HBP) work?

Sep 30, 2009

Expert Question posted by Cory Kline, AMP Views (3809)

Each purchaser may borrow up to $25,000 from their RRSP under the Home Buyers’ Plan. (The funds must have been in the RRSP for at least 90 days prior to withdrawal to be eligible under the program) Provided you buy or build a qualifying home and meet all of... [ read more ]

What fees does a Mortgage Broker charge?

Sep 30, 2009

Expert Question posted by Cory Kline, AMP Views (3940)

Mortgage Broker's are compensated from the lender, (not you, the borrower). Mortgage Brokers are only paid when they have successfully completed helping their clients. They are therefore motivated to help you. When creative, specialized, or... [ read more ]

What is CMHC Mortgage Insurance?

Sep 29, 2009

Expert Question posted by Cory Kline, AMP Views (3739)

Mortgage insurance helps protect lenders and mortgage investors from severe financial losses in case a loan is not repaid for any reason. This insurance benefits lenders and investors, but it helps homebuyers, too. Because lenders are protected by mortgage... [ read more ]

Why is it important not to focus solely on mortgage rates, when choosing a mortgage?

Sep 21, 2009

Expert Question posted by Cory Kline, AMP Views (3436)

Reason #1 Your long-term plan and risk tolerance should determine which mortgage product is right for you. This product may or may not have the lowest rate. For instance, there are cases where lenders will offer lower rates for insured mortgages. With insured... [ read more ]

I am a self employed professional and need a mortgage... HELP!!!

Sep 11, 2009

Expert Question posted by Cory Kline, AMP Views (3655)

Many lenders have identified that people who are self employed have troubles trying to verify how much money they actually earn. With as little as 1 year of self employment, some lenders have special programs that allow you to purchase a home with limited... [ read more ]

Is it OK to take a 35 year mortgage?

Sep 11, 2009

Expert Question posted by Cory Kline, AMP Views (3616)

A 35 year mortgage can help you manage your payments, and get you into a home that suits your needs. However it is a very important that you ensure your mortgage comes with flexible pre payment options that will allow you to pay off the mortgage quickly without... [ read more ]

Why get a second opinion on your pre approval?

Sep 11, 2009

Expert Question posted by Cory Kline, AMP Views (3374)

Most clients speak to their bank about getting a pre approval, but it has become good practice to get a second opinion from a Mortgage Broker, who is an accredited mortgage professional. The reason is simple, at no fee to you, a Mortgage Broker can give you... [ read more ]

The Bank of Canada today announced that it is not changing their trend setting rate.

Sep 11, 2009

Blog posted by Cory Kline, AMP Views (5741)

The Bank of Canada today announced that it is not changing their trend setting rate. They expect their rate to stay put until the 2nd quarter of 2010-based on inflation remaining in the ranges they predict . Read the announcement below. 2009 FOR IMMEDIATE... [ read more ]

Can I really buy a home with $0 down?

Sep 11, 2009

Expert Question posted by Cory Kline, AMP Views (3180)

Although under the current bank act, you are required to make a minimum down payment of 5% in Canada, their are ways to come up with the down payment. First some lenders will actually give you the 5% down payment, provided that you commit to taking the mortgage out... [ read more ]

Down Payment Assistance

Sep 10, 2009

Blog posted by Cory Kline, AMP Views (4845)

I just returned from Holiday's and I am excited to find the Government Down Payment Assistance Program has returned..... In Simcoe county you can receive up to $24,786 towards your down payment if.... Purchase is LESS then $247,862 Purchase is a NEW home, not... [ read more ]


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