Mortgage Intelligence

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Dailing For Dollars!

7 Phone Calls To Save You Money.

The ‘latte factor’ is the metaphoric term finance guru David Bach used to compare money that most of us would spend on smaller expenses and are likely to add up as time goes by. Similarly, fixed monthly payments over time tend to add up too. Therefore focusing on trimming fixed monthly payments such as insurance premiums, cable bills, and bank fees would be a smarter option to save over time.

Making these 7 calls can save you Money


Car and home insurance

home and auto insurance Informing your insurance company on any changes to your personal circumstances – shorter commute to work, maternity leave, less driving or retirement may result in your insurance premiums reducing by $150 annually. An anti-theft system for your vehicle might be an option for getting a lower rate.
Your alumni status, bundling home and auto insurance with one company and increasing your deductibles may save you around 15% on your insurance premiums. In addition, installing a home alarm system which is affiliated to a central monitoring station would be an additional option towards achieving a 10% to 15% discount on your monthly insurance premiums.

Monthly payments incur additional administrative charges. Saving small amounts of money monthly towards renewing your insurance will certainly help to ease the pressure, when you have to make an annual payment.

Please contact UNITAS Home & Auto Insurance, an affiliation to Mortgage Intelligence for insurance inquiries and advise on getting value for your payments.

Bank fees

Does your chequing account cater to your banking needs? You may be paying exorbitant monthly fees for services that you do not have a need for – unlimited transactions, or you do not get sufficient transactions for the fees paid. On some occasions banks do waive off fees, provided that the account holder maintains the required minimum balance.

Looking at financial institutions such as President’s Choice Financial and Tangerine that offer no-fee banking is an alternative to saving No fee Bankingunnecessary monthly bank charges.

We do have the tendency to still want paper bills, invoices and monthly statements. Major banks such as TD, BMO, Scotiabank and CIBC and all other service providers charge their customers an additional $2 – $3 for statements that are sent via the post. Going paper free – receiving statements including monthly cellphone, cable and wireless bills, online or via email, will save you an additional $2 for each bill/statement.

Debt payments

high interest rate debtAre you currently making payments towards servicing your debts? Looking at switching from higher interest rates to lower rates will reduce monthly payments and as well as make it easier to settle a part of the principal. Consolidating debts in to one monthly payment will take away unnecessary incidental fees and as a result, the monthly payment amounts will reduce too. You may need to check on requirements to be met in order to qualify for low interest rates, and the penalties, transfer fees or any other charges that may be applicable to you for breaking a contract.

Mortgage Intelligence provides advice and consolidation solutions to their clients.

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Option abound in the telecommunication realm. Its up to you to decide how you use your device and knowing how you use it, have your provider design a plan that maximizes use at the most competitive rates. The market place for telecommunication is vast and highly competitive so be sure to compare so you know you are getting the best rate for your individual needs. If you indicate that you are moving to a new provider, you will often be offered better rates. Its not something you should do unless you are actually prepared to move your service.

Television providers often sell channels in a package format. Its good to take a look at the channels you actually watch and ask to re-assess Netflixyour programming. With Netflix costing under $10.00 per month it may be cost effective to switch you movie channels to them!

Consider bundling your services for additional savings. Last of all, do you really need a land line t home. Most people even teens now have a cell phone, making it redundant to also have a home phone.

Utility bills

Save money on utilitiesProgrammable thermostats are designed to enable the temperature to be set and adjusted automatically. The device can also be accessed online and the temperature can be adjusted while you are away from your home. Installing a programmable thermostat will help households to save up to 10% of energy consumption.

Installing a programmable thermostat, switching off lights, electrical devices, unplugging charges, doing laundry during off-peak hours and using cold water are helpful tips offered by Hydro One towards reducing energy bills.

save on groceriesGroceries

Shopping at discounted retailers – No Frills and Walmart for groceries, you are more likely to save up to 40% on fruit and vegetables, and the quality of these products are on par with premium stores due to the high volume of customers visiting discounted retailers, fruits and vegetables offered on sale are fresh. In addition, substituting brands for generic brands will save you 30%.

Mortgage payments

save on your mortgageFor most of us, the largest chunk of your earnings is spent on our mortgage payments. Talk to a Mortgage Broker about options available, if you are looking to break a contract, renewing or looking to refinance an existing mortgage. Your Mortgage Broker will shop around for the best rates to suit your financial and personal circumstances.

Mortgage Intelligence offers the best rates and you owe it to yourself. Lower rates result in lower payment amounts and also an opportunity for the homeowner to payoff principal rather than on interest.



Read the original article for more information:

Original article by Melissa Leong, Financial Post.

We hope you find these tips will help you save money on your monthly fixed expenses. When it comes time to save on your Mortgage, call the team at and let us help you save thousands!

Use the handy contact form below to reach us today!

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No More Mortgage Letdown!

Avoid being turned down at a Bank

  Mortgage Intelligence has over 50 lenders.

Don’t suffer from Mortgage letdown!

Apply today!  Start Saving tomorrow!

It's So Easy!

It’s So Easy!

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Its Time to Move!

Is it Trash or Treasure?

Our friends at Two Men and a Truck complied a list of tips to help you decide what to take with you and what to toss, or donate. We’re all guilty of having a lot of stuff in our lives.  Some of us even have storage units where we store our stuff.

Time to move

Often we hang on to things that were gifts we couldn’t use, or things we have duplicates of. There is someone out there that could    benefit from your donation. Remember the old adage, “One man’s junk is another man’s treasure”.

Moving is a great time to look at your possessions and lighten how much you will be taking to your new place.


We have attached the full article so you can “Get Packing”, but only those things you really want for your new home. Thanks Two Men and a Truck!

If its time for you to move, think about getting pre-approved for a mortgage on your next home as part of your preparation.

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The Perfect Balance of a Low Rate and Flexibility!

Don’t be Handcuffed by a Low Rate Alone!

You’ve heard the term, “Penny wise, pound foolish”. Never has it applied to mortgages more than in the current lending climate. Do you have an understanding of how a low rate can actually cause you to pay more for your mortgage? It’s true!

Take a moment to enjoy the video we’ve prepared for you. Shopping the Internet is an everyday way of finding what you want at the best price, but it only benefits you if you have the in depth knowledge of what you are really buying! Here at Mortgage Intelligence we are the experts when you need a mortgage and with over 50 Lenders to bring you the right balance of great rates and flexible features, you’ll reach your financial goals sooner.

Enjoy the show! Then contact us using the handy form below.

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Mortgage Strategies 101

Let Mortgage Intelligence guide you to find the best Mortgage Strategy

When applying for a mortgage – or when reviewing your current mortgage strategy – it is helpful to begin thinking about the mortgage options with which you would feel most comfortable.  By having an understanding of your priorities and preferences, the mortgage process will become more efficient and your satisfaction over the term of your mortgage is likely to be higher.

Important Questions

Although this is not an exhaustive list, it provides a good start.

1. Is some fluctuation in payments acceptable?
2. Do I want the comfort of knowing what my payment is every month and of knowing it will not change for the whole mortgage term?

Mortgage Strategies

We’re here to help!

3. Do I want the lowest payment possible?
4. Do I want to pay down my mortgage as soon as possible?
5. How much down payment am I comfortable with, while not putting myself and my family into  financial difficulty?
6. Are there any credit issues about which I will need to provide documentation?

7. Is the Lowest Rate always the best choice?


There are numerous other considerations that your Mortgage Intelligence Mortgage Professional will discuss with you, depending on your situation.  He or she has access to an impressive array of mortgage choices, and can offer expert advice on which mortgage best suits your individual circumstances.  For knowledgeable advice throughout the mortgage process, contact Mortgage Intelligence.

Every Canadian deserves a home they can call their own.  Let  Mortgage Intelligence help you with a low rate solution! Apply today & save!

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It’s So Easy!








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Oshawa Home and Garden Show 2014

See you at the Oshawa Home and Garden Show!

The team at Mortgage Intelligence will be hosting a booth at the Home and Garden show. We hope you’ll stop by.

We will be having several draws so come and fill in a ballot and meet the members of Durham Largest Mortgage Intelligence team.

Metroland Home and Garden show 2014

We will be at the Home and Garden Show from

Friday March 7th at 1pm until Sunday at 5Pm.

Let us help you find a way to finance your renovation or landscape project!  We have a few awesome options to share with you. You can also take advantage of our unbelievable rate specials so it won’t cost the earth to update your home.

Need tickets, here you go!  Show Tickets

Do you have a question? Please use the from below and we will be delighted to respond.

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Low Rate Line of Credit!

Unbeatable Rates for Lines of Credit!

As a business professional, you know the value of having a Line of Credit to record your expenses and help keep personal charges separate from business expenses. We’ve got the answer!

Home Trust Equity Line Visa

Our Equity Line Visa offers you a Line of Credit, secured to your property so you can set a limit higher than credit cards offer.

Rates are as low as 4.99% OAC

Need better cash-flow for your business? Use the form below to discuss an Equity Line Visa.

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Our Top 10 Tips For 2014

We’re sharing our top 10 mortgage tips for 2014

Your home is probably the single largest investment you’ll ever make. Understanding how to choose the right mortgage is paramount. Although we can’t say for sure what mortgage rates will do – or how the housing market will shift – we are sharing our top tips for the year ahead; sensible strategies for today’s home buyers and owners.

  1. Variables are back. Several lenders are offering strong “prime minus” rates that could save you thousands in interest. And the mortgageBank of Canada is still holding their key “overnight rate” very steady and very low… making variable-rate mortgages a sensible option right now. Fixed versus variable has always been a challenging mortgage decision. Let us help you decide which financing option best meets your needs.
  2. Don’t sleepwalk through your mortgage renewal. Don’t miss out on an opportunity to save thousands on your mortgage. When your lender sends you a letter saying it’s time to renew… then it’s time to get an expert second opinion. We’re independent and we have access to over 50 lenders. If there’s a better deal, we’ll find it.
  3. Pay your phone bill on time! Paying your bills on time has always been the most important credit habit. Equifax recently started to include phone companies on credit bureau reports – so your lender can see if you have any delinquencies with your phone bills. Look like a good borrower.
  4. Keep other good credit habits. Don’t let your credit accounts exceed 30 per cent of your limit. Don’t cancel an old credit card without getting advice. And don’t sign up for store cards: they often have crazy interest rates, and the application triggers a credit inquiry (you don’t want a lot of those).
  5. Mortgage versus total debt. Do you have high-interest debt outside your mortgage that you won’t be able to pay off in the next few months? Then think about rolling that debt into a new low-rate mortgage. This one, smart strategy could save you thousands… and boost your monthly cash flow. We can analyze your situation to see if you qualify.
  6. What’s the prepayment penalty?Don’t let anyone tell you prepayment penalties are “all the same”. They’re not. If you ever need to get out of your mortgage early, the right mortgage could save you thousands. Not all lenders calculate penalties the same way, and the differences can be substantial. It helps to know which lenders have the most fair prepayment penalties. With access to dozens of lenders – we’ve got that information at our fingertips.
  7. If one of you wants to keep the marital home.If you are going through a separation or divorce and one of you wants to keep the marital home, we’ve got some great mortgage options, including a mortgage to 95 per cent. Your home can be the asset that gives you both a fresh start!
  8. A paydown will pay it forward. Take every opportunity to beat down your mortgage principal using any prepayment privileges! Use tax refunds, bonuses, whatever. Or switch to weekly or bi-weekly payments. Every dollar you pay down on principal means every future payment goes further.
  9. Thinking renovation? We see what you see. Your reno will add value to your home. That’s why we have a special “Refinance Plus Improvements” mortgage that lets you refinance up to 80 per cent of the new, post-reno value of your home. Cool deal.
  10. Come in for a checkup. Your mortgage needs an annual checkup. Really. Life doesn’t stand still, which means your needs may have changed. Even a minor tweak can pay big dividends.

Have a mortgage question? We’re here to answer it! Please use the form below to email us or call at: 866-452-1100

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Here We Grow Again!

Congratulations to Rosemary Madden and Dennis Street on their Grand Opening!

Their Mortgage Intelligence office is located on Simcoe St in Oshawa.

On November 21st David Hetti and Elfie Hayes welcomed Rosemary Madden and Dennis Street, formerly of The Mortgage Center to the the largest Mortgage Intelligence office in Durham Region! Rosemary and Dennis come to the team with years of experience and knowledge. They are a most valuable asset to the team of 11 full time mortgage agents. The Oshawa Chamber of Commerce were on hand with a welcome plaque for Dennis and Rosemary. Lisa Valade, Regional Manager for Durham represented Mortgage Intelligence at the celebration.


The Grand Opening and Ribbon Cutting at MI.

Congratulations Dennis and Rosemary

Congratulations Dennis and Rosemary

Lender Partners supporting Mortgage Intelligence

Lender Partners supporting Mortgage Intelligence

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Self-Employed Will Suffer!

Expect Further Tightening of Guidelines For The Self-Employed.


Self Employed lending has always created a balancing act for the borrower. While trying to save on income taxes, deductions that decrease taxable income can now stand in the way of a mortgage approval.Our industry expects to see further tightening in this area in the months to come.

It is expected that all three Insurers in Canada, CMHC, Genworth and Canada Guaranty  will further restrict the lending capacity of lenders such as credit unions and specialty lenders. This may force more Self-employed individuals to seek out other options.

What can you do if you are Self-Employed?

Mortgage Brokers have always provided borrowers with the widest number of lenders and the lowest rates.  Here at Mortgage Intelligence we have relationships with over 50 National and Private sources for mortgages. We can be your best asset when you require a mortgage.

Experience counts as well. For over 14 years our office has been a primary source of approvals for those that are Self-Employed. Why not make the choice and let us help.

This is a good time for you to get some advice if there is a possibility that you will need a mortgage in the foreseeable future.  You may be able to take advantage of the current situation before things change again.  Contact us by using the form below or Apply online now.