Mike Truan - Mortgage Info

05/21/2021

It was announced yesterday that the mortgage "stress test" rate for both uninsured and insured mortgages is going up on June 1. If you are in the market looking for a mortgage reach out if you would like to discuss how that will affect you. I have great options, depending on the scenario, that do not require stress test qualifying that we can also discuss.

05/13/2021

Another huge thank you going out to my great clients, lenders, and business partners. Our Verico National awards event (online this year) was held last week and I was again an Executive Club level award winner. That's 5 years in a row now and I am humbled and happy to have achieved that once again. It recognizes helping quite a significanct number of folks get a great mortgage arranged last year and thats what doing this business is really all about.

04/27/2021

Just some thoughts for first time purchasers in preparing to buy.

Find out how much you can afford, then decide where to start looking, suggests one GTA mortgage professional.

05/15/2020

I was nominated in the Markham Economist and Sun Newspaper 2019 Readers Choice contest in the Mortgage Broker section.
I received this email from them just the other day - now that the results are in.

"Hi Mike,
I just wanted to reach out to you to give you some good news in these challenging times. The readers of the Markham Economist & Sun have voted you for their: #1 Mortgage Broker/Advisor

Congratulations!

I would like to take this opportunity to congratulate you on being voted #1 in our annual Readers’ Choice Awards. Our readers have chosen you for their number one choice which says a lot about you and your position in the community. You have much to be proud of"

Wow!.. That's the third year in a row now that I have been nominated and have won for my category and I can only thank all the great people who took the time to vote for me.
Always great to get independent recognition like this to let you know you are helping folks out with what you do.

Thanks again!

01/16/2020

A big "Thank You"..
I attended the day long M3 MINDSET event, along with 800+ other mortgage folks, here in Toronto back on Tuesday. A great kickoff to the year.
The Verico National Broker Network division of M3, which I am a member of as a Northwood Mortgage agent, held their 2019 recognition awards there - and I was awarded as an "Executive Club" winner again this year.
Keeping a 4 year streak going for being amongst the top Verico performers!
Of course without all the great clients I have (both new and repeat) and without all of the great lenders and other industry players we have, and the support given from the Northwood team, and all of my great business and referral partners - this would not be possible so I thank you all for making this award possible.
Looking forward to another great year in 2020!

10/11/2019

An interesting read about Reverse Mortgages.
For the right client scenario this is an option I can and do help arrange.

If there is a financial product out there that people seem to love to hate, it’s a reverse mortgage. But is that fair?

05/07/2019

Some interesting comments from Stephen Poloz on the housing market and the mortgage world.

Governor Poloz talks about Canada’s housing market and how the mortgage market could evolve to give Canadians more choice, make the economy more flexible and lower the level of financial system risk.

05/05/2019

Attended the Verico NVEST event last Wednesday where I was honored to be presented with the Verico Executive Club Award again for my performance in 2018.
This was only possible due to the many great clients I have, as well as all of the great lenders, business partners and referral partners who put their trust in me to deliver the best mortgage options for them and for the people they refer to me.
I thank all of you for this.all
Three years in a row now and working hard on making it 4!

03/17/2019

The votes are in and counted!!
Thanks to all of my great clients and business partners who voted - I have won the Markham Economist and Sun's Readers Choice award for best Mortgage Broker in Markham for the second year in a row.

02/09/2019

I am excited to announce that I have been nominated again this year in the Markham Economist and Sun Readers Choice Awards in the Best Mortgage Broker category.
Thanks to all who voted for me last year - I won the 2107 award!
I would be honoured to have your vote again to make it 2 years in a row!
Deadline for votes is February 14th!
They will be awarding one survey participant a $250 gift certificate!
Click below to vote.
https://survey.metroland.com/TakeSurvey.aspx?SurveyID=llK3mnlK #

The Markham Economist & Sun is on the lookout for the top local, independently owned businesses in Markham, and once again, you're going to help us find them.

01/12/2019

This is absolutely happening so if you believe are not being offered a great renewal rate - give me a shout and I will be happy to determine options for you.

New B-20 rules have created an uneven playing field because stress tests don’t apply to people renewing mortgages with their current lender