Todd Henderson Strathroy Mortgages DLC

01/27/2016

Top 5 Questions you need to ask before signing...

1. How the penalties are calculated if I break my mortgage early? Specifically, ask what rate they use to calculate the “interest rate differential”. Typically, if the lender has “posted rates” they use these to calculate the penalty. If this is the case, the penalty can be 3, 4 or even 5 times high…

01/27/2016

05/20/2015

Ever wondered how Banks calculate their Mortgage penalties? If you don't it will cost you...

In this video, Preet Banerjee looks at the two main formulas used to calculate how much breaking a mortgage can cost you

04/17/2015

Don't get sucked in by a low bank mortgage rate and neglect to read the fine print! High penalties are just one of the many drawbacks you could be faced with by accepting their loan. Failing to at least consult a broker is borderline personal-finance negligence.

Consult a broker to make sure you won’t sacrifice prepayment privileges and cheaper penalty fees for a lower interest price

03/18/2015

Were you considered a First-Time Home Buyer in 2014? Don't forget to claim your $5,000 on this years tax return...

The Canada Revenue Agency (CRA) offers videocasts for your convenience. Videocasts allow you to view and listen to short video files directly from our Web site.

02/20/2015

Good Read on Collateral Mortgages!

You may want to change lenders at the end of a mortgage term. But with a collateral mortgage, your freedom to move will be constrained.

04/16/2014

You have until 7PM ET tonight to register and play in the 1st round of the Dominion Lending Centers FREE Playoff Pool. Enter for your chance to win a share of $22,500 in guaranteed cash prizes throughout the playoffs plus a chance to compete for a $100,000 bonus prize in the final round!

Compete For Your Chance To Win $100,000. Along with weekly cash and random prizes

04/15/2014

5 questions you need to ask before breaking your mortgage...

You want some of these record low rates on the market but you're locked into a mortgage. Just break it, right? Not so fast

04/10/2014

Bank of Montreal five-year mortgage isn’t quite as good as it sounds, Rob Carrick writes