Mortgage Intelligence

Oshawa's Mortgage News Desk!

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Which renovations go right to your bottom line?


Whether you are looking to buy a fixer upper or renovate your existing home to improve the quality of life for you and your family, it’s worthwhile to understand which home renovations can help boost the value of your home and go straight to your bottom line. According to the Appraisal Institute of Canada (AIC), the top 4 renovations with the highest return on investment (ROI) include:

  • Updated kitchen – The kitchen is almost always the heart of the home, so it’s no surprise that kitchen renovations consistently provide the best return on your renovation investment. If payback is important to you, keep the project in line with the style and quality of the rest of the house and neighbourhood.
  • A sparkly bathroom – Bathroom renovations are also very reliable when it comes to boosting the overall value of your home.
  • Fresh painting – Whether it’s inside or outside, a fresh coat of paint can work wonders on the overall impression of your home. If you are looking to sell, choose neutrals that have wide-ranging market appeal.
  • Focus on decor – Updating lighting and plumbing fixtures, counter tops, and replacing worn flooring or refinishing hardwood floors are also definite ROI winners.

Of course it’s also important to budget for those renovations that are necessary just to maintain your home’s worth. According to the AIC, it’s essential to replace the roof, update heating/cooling systems and replace windows/doors as they near the end of their life expectancy.

The AIC also lists finishing the basement, garage improvements, sun rooms and other additions, decks and fences, and landscaping as the top renovations that generally offer the highest enjoyment value.

If you’re thinking renovation, let’s talk. The experts at can help you finance your reno so you can maximize you’re your bottom line and personal home enjoyment. If you’re buying and planning immediate renovations, we can bundle the cost of your planned renos right into your mortgage: so instead of sky-high credit card and line of credit bills, you’ll have your mortgage and renovations looked after in one easy monthly payment.

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Real Mortgage Story for September


Cameron and Chloe are both employed and residing in Durham region. Cameron’s two children from his previous relationship are living with the couple. Shortly after the couple got together, Chloe’s parents and brother, turned to the couple for support and ended up residing with them.

During this time, Chloe was injured at work and was unable to care for her parents. Further as a result of Chloe being off work, the couple were behind on their mortgage and utility payments. They filed for a consumer proposal but were unable to maintain payments. In addition, their home was going in to power of sale.

In an attempt to remedy their situation the couple contacted the team at with regard to refinancing their mortgage. Through the refinance the couple were able to pay off their consumer proposal, their outstanding collections and bring utilities upto date. The terms of their mortgage were:

  • Interest rate of 8.49% for one year
  • Monthly payments of $1,167.37 (interest only)

We were able to obtain financing through a private lender. In one year, we should be able to take them to an equity lender and obtain lower interest rates. Interest only payments will enable the couple to get financially back on track and re-establish their credit.

Whatever your financial circumstances maybe, it’s worth having a conversation with the experts at to find out the way forward for you. Contact us to speak to an expert today!


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Open House in Whitby

Open house at 1 Hialeah Crescent, Whitby on September 17 & 18, 2016, 2-4 pm. Drop by and checkout this great property.

Let Anna know that you saw our post!


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Bruised or poor credit holding you back from homeownership? 

Image by courtsey of

Image by courtsey of

Have you been in a situation where your debts have accummulated but you’ve not had to file for bankruptcy or a consumer proposal? Your bruised/poor credit feels like a heavy dark cloud hanging over your shoulder and holding you back from becoming a homeowner? Don’t assume that homeownership is out of reach for you, until you have spoken to a mortgage broker and had your financial circumstances assessed. Homeownership maybe possible, despite bruised or poor credit. Here’s what you need to understand:

  • You will be required have to least 20 percent downpayment (under certain circumstances this could be around 10 percent);
  • Interest rate will be in the region of 5 – 10 percent;
  • Show stable employment & monthly income;
  • Closing costs could include both lender & broker fees.

We can assess your situation and present you with solutions based on your financial needs. Contact the team at to speak an expert now.

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It’s September, sharpen your pencils!


It’s September and as green start to turn to gold, we return refreshed to the rhythm of our daily routines. That’s our seasonal cue… and Autumn is the perfect time to “get back to business” with a fresh look at your finances. It could be that you spent a little extra on that summer vacation, or what was supposed be a simple home reno job, grew in to a much larger project than you had anticipated… That’s okay. Get out your calculator and get back on track.

Mortgage rates have hovered around historic lows for longer than anyone thought they would or could. That’s created a golden opportunity for Canadian homeowners. In fact, the right mortgage can build your wealth… and save you thousands of dollars.

If your’re thinking about a cottage or an investment property? Wondering if it’s the right time to expand your space… or find a new one? Looking at ways to reduce your debt? Talk to the team at We’ll provide a free, no-obligation review of your situation – wherever you are in your current mortgage journey.