Blog
Mortgage Professionals Colouring Contest 2022!
Back by popular demand, it’s your kiddos’ favourite Mortgage Professionals contest. Submit your colouring page by December 16, 2022.
So You Deferred Your Mortgage Payments? Here’s What You Need To Know.
Banks assured borrowers that payment deferrals would carry no negative consequences, and would not affect their credit reporting. As lending professionals, it became our responsibility to assist our clients with navigating the risks and rewards of such a decision.
Why Signing an Unconditional Purchase Offer is Risky
If you've received a Pre-Approval from The Mortgage Professionals, your Mortgage Professional likely pulled a credit bureau, reviewed your income and down payment documentation and provided you with a pre-approval. The pre-approval would likely be subject only to CMHC...
Thinking a Big 6 Bank Lender is Your Only Option? Think again.
Here at The Mortgage Professionals, we have access to over 30 lenders, including some of top banks. We offer you the best mortgage based on your financial needs, looking for a low rate, competitive terms and a lower potential future penalty to exit the mortgage. The...
Is a Collateral Mortgage Right For You?
Most banks now default to providing you with a collateral mortgage (versus a conventional mortgage provided by most non-bank lenders). But what does that mean to you? What is a collateral mortgage? With a collateral mortgage, banks can register the mortgage up to...
Appraisals – The What, The Why, and The Who Pays
The What An appraisal is used to determine whether a home's sale price or estimated value is appropriate given the home's condition, location, and features. The appraisal helps the bank protect itself against lending more than it might be able to recover in the case...
Why use a Mortgage Broker?
Mortgage rates and rules are continuously changing, and mortgage financing is therefore becoming more complicated. What was easily approved just a year ago may not be today. There is no better time to use a Mortgage Broker and benefit from our expertise and reputation...
Mortgage Professionals Colouring Contest!
We are excited to launch the 2017 Mortgage Professionals Colouring Contest in partnership with Kwik Kopy Kingston. There are over $400 in prizes available for 6 lucky winners! Click here to download the colouring contest. Children Aged 2-4 1st Winner – $100 VISA Gift...
Important Announcement from The Mortgage Professionals
Mortgage rules have changed. Again. What does this mean for you? The changes, which take effect January 1st, 2018 have several impacts to you as a borrower: The average Kingston household will qualify for a $55,000 smaller mortgage. This represents a...
Frequently Asked Questions (FAQs)
1. Why Use A Mortgage Broker? 2. Why Should I Choose The Mortgage Professionals? 3. Is there a fee to use The Mortgage Professionals’ services? 4. What costs are involved in obtaining a mortgage? 5. What is the minimum down payment required to purchase a home? 6. What...