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Home Care Crisis in Ontario

Home Care Crisis in Ontario

in my newsletter and Blog editorials, I normally don't wade into the political fray, but there is a growing crisis in the 'Home Care' sector in Ontario that needs to be addressed. The following article was written in conjunction with the SSAO (Seniors for Social...

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Monitor and Improve your Credit Score

Monitor and Improve your Credit Score

As a mortgage broker dealing regularly with clients having ‘Bruised’ or ‘Challenged’ credit (or any of the other euphemisms used to describe it!), I often notice a lack of awareness in terms  of the importance of acquiring and maintaining, a good credit score. The...

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Reverse Mortgage Overview

Reverse Mortgage Overview

What is a Reverse Mortgage? A Reverse Mortgage is a loan secured against the value of the home. Unlike a loan or a regular mortgage, with a Reverse Mortgage you are not required to make regular mortgage payments. The loan is repaid only when the homeowners no longer...

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Reverse Mortgages – Myths And Misconceptions

Reverse Mortgages – Myths And Misconceptions

A number of myths and misconceptions about reverse mortgages have developed over time, mainly as a result of some bad actors from the past who offered a similar product. Mostly the misinformation tends to be spread by ill-informed 'luminaries' without any basis in...

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Realtors Can Benefit From Reverse Mortgages; here’s how!

Realtors Can Benefit From Reverse Mortgages; here’s how!

One of the things that never ceases to amaze me is why most Realtors have not yet embraced the Reverse Mortgage product. With just a few exceptions, most of the realtors that I know seem to regard Reverse Mortgages as COMPETITION! Why not take a look at the largest...

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The Budget 2022- How Seniors are affected

The Budget 2022- How Seniors are affected

The federal government unveiled its highly-anticipated Spring Budget on Thursday, April 5 which proposes an additional $20 million to support Canadian seniors. The government says it will allocate that $20 million over two years, starting in the 2022-2023 fiscal year,...

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Beware The Collateral Mortgage!

Beware The Collateral Mortgage!

A client of mine living in the Clarington area was looking to get a line of credit for $150,000 on his property (worth, incidentally approx. $3 million!). He has a current mortgage of approximately $340,000, which was taken out at the time of purchase in 2020. The...

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Real Estate’s Double-Edged Sword

Real Estate’s Double-Edged Sword

The following is excerpted from a recent article in Canadian Mortgage Trends, official newsletter of Mortgage Professionals Canada’s Perspectives magazine (Issue #3, 2021). It’s easy to forget the power of leverage. With $100,000 of income, a creditworthy borrower can...

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The CRA is back!!!

The CRA is back!!!

The following information comes courtesy of Dan White, President, Tax Audit Solutions. This company has decades of experience in all areas of tax problems. They are Tax Representatives. Solving Tax Problems is their main focus. If you are in trouble trying to resolve...

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