Article Search:

Gregory van Duyse's Articles in Finance

Show All|Display Category|Title|Newest|Oldest
  • How is your mortgage consultant –courtier hypothecaire- paid?
    Of course, a mortgage consultant must receive an income for his efforts, just as your lawyer, accountant or other expert who performs services for you does. However, in the case of a mortgage consultant, his fees are paid by the lending institution (Intelligence Hypothecaire) he places the loan with. This commission is based on the size of the home loan, and so the broker has no control over how much his commission will be, in most cases. For instance, a $200,000 loan will net a fee that is twice as much as a $100,000 loan
  • A powerful tool to save thousands on your mortgage (hypothèque)
    There is a more important factor to look at. Instead of solely relying on obtaining the lowest interest rate, a mortgage borrower should be concentrating on following the correct "mortgage strategy". There are various mortgage strategies that one can follow, from fixed to adjustable rate loans (taux hypothecaires), balloon loans or prime rate based loans. Working with a mortgage lender who is knowledgeable about economics, looking at yield curves and who studies your individual circumstances to devise the perfect mortgage strategy for you is going to save you a lot of money over the life of your home loan. It can probably save you tens of thousands of dollars in total mortgage costs, rather than less than $100 per year.
  • Does paying your mortgage weekly or every two weeks really have an impact over paying it once a month? - hypotheque
    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.
  • What’s best to work with, with a mortgage broker, a mortgage marketer, or a bank representative?
    Of this you can be sure: the expertise and integrity of whatever advisor - taux hypothecaire you work with will make a big difference. Yes, there are expert local bank branch representatives, expert mortgage marketers and expert mortgage brokers. And then, there are those who do not fully understand this field.



    It is the person in the position that is most important.
  • How do you acquire a down payment for your mortgage – prêt hypothecaire?
    The down payment is an important part of your total mortgage request. In order to access the best available rates, you should have at least a small down payment - hypotheque.



    You can obtain a down payment in a lot of different ways. Some are fairly standard ones and others are ones you may not know about, but I have learned of over the many years I have been helping people get their mortgages. There are basically three ways - hypotheque:

    -Your own funds

    -A gift from a relative

    -Funds obtained from other people or in a different way.
  • The long term loan strategy - hypotheque
    Is it a good idea to take out a longer amortized mortgage?



    The purpose is surely not to take a longer time to pay off your home, or to pay more mortgage interest on your home - prêt hypothécaire. In fact, most people stilll choose a 15 to 25 year amortization payoff.
  • Home loan Strategy – The “5 by 5” strategy (renew 5 times a 5 years fixed mortgage prêt hypothecaire)
    What exactly is the “5 by 5” strategy? As you may be able to tell from the name, it means you take a mortgage out on your home for five years, at a fixed rate, and then you renew it at the end of the five year period. If you visit any bank or call any mortgage consultant(courtier hypothecaire) and ask for the best mortgage rate they have, they will routinely give you the rate for the five year fixed rate mortgage, even if you did not indicate that kind of loan.
  • Open Mortgage – is it a good strategy? (taux hypothecaire)
    An open mortgage (hypotheque) can be a goodmortgage tool that can prevent high early payout penalties. It should, however, only be used if the chances are very high that the home loan will be paid out 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.
  • How to make your mortgage tax deductible (the Smith Maneuver) ?
    Through the use of a specialized mortgage strategy called the Smith Maneuver, you can achieve all of these goals. And you can do them all together! - taux hypothécaire



    This kind of mortgage strategy is named for its developer, Fraser Smith. Mr. Smith is a financial planner in British Colombia who developed this interesting strategy a few years ago. I was fortunate enough to be one of three mortgage consultants from Quebec to meet Mr. Smith when he spoke on this topic in Toronto.
  • Looking for the best loan (prêt hypothécaire) rates?
    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.
  • What is the best way to choose a mortgage counselor?
    Finding a good consultant is easier than you may realize. It’s a little like hiring an employee to work for you. Like a long term employee, your mortgage counselor will be there to help you, even if you plan to pay off your mortgage in 15 or 25 years - courtier hypothecaire.



    Here are some factors to consider that will help you to locate a good mortgage consultant:
  • Who decides if interest rates will go up or down? - hypotheque
    Many consumers may believe that their banks determine interest rates. Banks only set interest rates based on other rates and factors that they are faced with. In general, variable rates are determined by the prime rate, and fixed rates are determined by the interest rates in the bond markets - pret hypothecaire.
  • Why integrity is a most important quality of any mortgage consultant.
    Integrity can be described as being the quality of an honest, incorruptible person, a person whose conduct is above reproach. Can you truly say that this is true of your mortgage consultant? Only if you can say that he puts his client’s interests before the interests of the lender. If not, he does not have integrity. - courtier hypothecaire
  • The expertise of your mortgage consultant - courtier hypothecaire
    The fact that certain advisors specialize permits them to better understand all of the intricacies of certain types of more specialized mortgages - courtier hypothécaire. I predict that more and more advisors will specialize in order to be more competitive. It’s hard to be an expert in every kind of mortgage.
Miscellaneous:
Writers:
Sign Up for a free account
Submit Articles
Member Login
Submission Guidelines
New Articles:
Ezine Notifications
Article RSS Feeds
Statistics:
Top Authors
Most Popular Articles
Today's Hot:
About Us
Link to Us
Contact Us
Privacy Policy
Terms of Service

Powered by Article Dashboard