Phil Cragg, Mortgage Outlet

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Canada
Ottawa, ON
Phil Cragg, Mortgage Outlet

Always working in the best interest of the client, satisfaction guaranteed. At Mortgage Outlet we make your mortgage approval simple.

About Phil Cragg

My name is Phil Cragg, I am a mortgage agent with Mortgage Outlet and my goal is to be your trusted financial advisor for all your mortgage requirements. As a family man living in Ottawa and I understand the process of buying your first home and how daunting this can sometimes be. My goal is to ensure your experience is completely enjoyable and stress free, and my hope is to form

a relationship that doesn’t end with the completion of the mortgage process but instead continues on to build and grow as your life evolves. I will work in the best interests of you, my client, and guarantee your satisfaction always. I received my business and economics degree at Carleton University and then pursued my entrepreneurial dreams in many sectors until it brought me to the mortgage industry. I strongly believe that one-on-one relationships are imperative to any success and, no matter how large a business, building strong relationships with my clients is always key. We are a dynamic group of Mortgage Professionals who work with Canada’s leading Mortgage Companies and Banks. We use our relationships with these companies to have them compete for your business to ensure you get the best possible mortgage rates and features. Our mortgage professionals provide you with independent and unbiased advise to help you make the best possible choice. We have a thorough understanding of the of the mortgage industry and of the products and features that are available to you. Whether you are a first time homebuyer purchasing your dream home or a seasoned real estate investor, let a Mortgage Outlet mortgage professional be part of your team. Feel free to contact me directly at any time with any questions or concerns that you may have. Or lets meet up for a coffee and discuss how I can provide a solution for your mortgage needs.

10/18/2017

http://www.cbc.ca/news/business/osfi-mortgage-rules-1.4358048

This is huge news even those with 20% down now have to qualify at a rate of approx 5.14% based on todays 5 yr rate. Our govt needs to address the real issue everyone can afford a shelter payment it is the unsecured debt space that needs to be regulated. I see it daily clients with awful credit and car loan payments of $700-$1000 monthly why? Because you just need a pulse to get a car loan no regulations whatsoever. This will seriously impact the market.

Canada's top banking regulator has published the final version of its new mortgage rules, which include a requirement to "stress test" borrowers with uninsured loans to ensure they could withstand higher interest rates.

09/13/2016

With tougher mortgage rules around the corner, working with a mortgage agent will be more important than ever! Contact me today to find out how these regulations could impact you!

The tougher mortgage rules means that for the average home buyer it will be harder to get a mortgage and rates may even start to rise.

09/12/2016

Are you looking to finance a home renovation project? Read on to obtain information for a number of financing options, along with practical advice to consider before starting your renovation project.

Information for a number of financing options, along with practical advice to consider before starting your renovation project.

09/08/2016

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. Here's the full statement

09/06/2016

It's back to school time! Be sure financial literacy is something your children are learning, both at home and at school.

It's something barely discussed at home, let alone at the dinner table. And now educators are increasingly looking at including financial literacy in the curriculum

08/31/2016

You don't have to spend a fortune on back to school shopping! Here are some tips to save a few bucks.

Why do we parents spend so much? Do kids really “need” brand new everything every year? Nope.

08/25/2016

There has been non-stop chatter about the Canadian Housing Market. This article contains reasons why 2016 is still a great year to buy, listing low rates as one! Contact me to get the mortgage process started!

When you buy a home, you don't buy a national market, or even a provincial, regional or municipal one. You buy one property in a local market. What's happening in your area could be completely different from that in another province, or certainly at the other end of the country.

08/22/2016

Paying your mortgage off is a highlight personal finance moment in life, but there's more to it than making a final payment! Make sure you're ready and have considered the different costs that you might incur.

After you make the final payment on your mortgage, you have to cough up one more time to be free and clear

08/19/2016

It doesn’t matter if it’s the season for leaf-raking, snow-shoveling or landscaping. An orderly garage should be a year-round life goal.

It doesn't matter if it's the season for leaf-raking, snow-shoveling or landscaping. An orderly garage should be a year-round life goal.

08/16/2016

As thousands of Canadian students head off to college and university this fall, many will find themselves bombarded with credit card offers. Experts caution that it’s important to be prudent or risk harming your credit score, which could affect your ability to land a mortgage, purchase a car or secure a loan years down the road.

Experts caution that it’s important to be wary of incentives to sign up for credit cards that could risk harming your credit score

08/10/2016

Part of what also drives them is this idea that real estate will always be a good investment.

Part of what also drives them is this idea that real estate will always be a good investment, new data suggests

08/09/2016

Hybrid mortgages can fit the bill for folks who are torn between a fixed and variable rate and that want a lower penalty if they break their mortgage early. They have pros and cons, and this article can help you understand them. Or contact me for more information!

Only 1 in 25 Canadians choose the hybrid option, which lets you split borrowing into two or more rates

Address

Ottawa, ON

Telephone

+16133227091

Website

http://www.rateconnect.ca/

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