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Mortgage Brokers Gain More Ground! But don’t take our word for it! On the Go Magazine published an article expelling the reasons that wise consumers
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
According to a recent survey done by CMHC 44% of First Time Home Buyers used a mortgage broker, and 60% of first time home buyers who used a bank said they wished they had used a mortgage broker to purchase their first home.
There is a difference between good debt and bad debt and it is important to know the difference as good debts will help you and bad debts will not.
Things you need to know when you are discharged from a consumer proposal or bankruptcy.
The first step to becoming debt free is to know how much debt you actually have. Next you want to pay off the debts with the highest interest rates first. Try to pay more than the minimum payments if at all possible, create a budget and try to stick to it as best as possible. Is it an option to consider a part time job to help bring in some more income. Sell any items that you know longer use that are just taking up space but could be of use to someone else. Try to live without luxuries like eat in as much as possible and spend quality family time at home instead of always going out and spending money at different events. You may also want to consider a debt consolidation.
When filing for Bankruptcy depending on your situation you may be able to keep your house out of the bankruptcy if you are able to afford the carrying costs of the house. If you are unable to carry the house it might be a good idea to include it in your bankruptcy. Bankruptcy is sometimes your last option when there is no other way out but you may also want to consider consumer proposal as an option before bankruptcy. Your bankruptcy trustee and you can go over all your best options in order to find the right solution for you.
You can you open a new bank account while you are in bankruptcy, but it is better to open a new account with another bank before your bankruptcy starts.
According to Canada Mortgage and Housing Corporation’s 2009 Mortgage Consumer Survey, mortgage brokers represent 35% of total origination transactions in 2009. These transactions include young Canadians and 44% of first-time home buyers.
Debt Settlement helps with unsecured debts such as credit cards, unsecured loans, unsecured lines of credit, some car loans. It can also help reduce your balances on student or education loans, payday loans, family responsibility arrears and any form of secured credit such as a mortgage, a 2nd mortgage or Home Equity Lines.
Oshawa, Ontario L1G 5N3
(905) 404-8001
(866) 452-1100
info@themds.ca
The Mortgage Doctors is Durham Region’s Mortgage Superstore. Our Mortgage Brokers use their expertises to advise and obtain approvals on mortgage financing that fits your mortgage needs.
Monday – Friday: 9AM – 5PM
Saturday – Sunday: CLOSED
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