Co-signer vs. Guarantor

When getting a mortgage you may be asked from either the lender or mortgage insurer to include a co-signer or guarantor. Both have the same obligation to pay another person’s mortgage if the primary applicant(s) fail to do so. However a co-signer will be put on...

Mortgage Penalties 101

It’s important to understand all aspects of your mortgage prior to signing. If you choose a closed term you are making yourself subject to penalties if you decide to pay out your mortgage prior to the term being up. You should be aware of how these penalties...

CAAMP 2012

This past weekend we had the chance to attend the CAAMP conference in Vancouver. CAAMP is Canada’s national mortgage industry association and the leading provider of value, service and advocacy for mortgage professionals.   www.caamp.org   We were fortunate to see...