Posts Tagged “mortgage”

Paying Down a Mortgage: Not simple as it seems to be…

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MortG is a multi-function mobile application designed for mortgages. Available for the USA and Canada market, in French, English and Spanish, this app does it all from calculating payments, closing costs, pre-approval, rent/own analysis, paying down, refinancing, debt consolidation, penalties, buying point analysis, ARM vs VRM, Retirement Plan and Reverse Mortgage Analysis…   Download Application…

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Ignorance is what separates financial advice from financial dogma and financial doctrine…

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« When I chose to only deal with professionals, I never would never have thought I was choosing a life of solitude. In Canada, when we are faced with choosing between simplicity or truth, Canadians have a culture of always choosing the easy way out. » Richard Proteau (reflection on financial services and financial industry).   Have…

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Debunking Mortgage Life Insurance Part 1

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It is about time that someone exposes the real truth about mortgage life insurance. Sadly what is written on the internet about this topic is an amalgamation of unproven facts, misrepresentations and blatant lies.   As it currently stands, mortgage life insurance is a bad product. However the question we should ask ourselves is why….

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Mortgage Commitments are they real or not? Two complaints cast some shadows over this question…

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Complaint 010614-004A This complaint was made by a mortgage broker. This mortgage broker had a client who was buying a property. She was accepted for a mortgage in less than 24 hours and in a week, all conditions were removed from the mortgage commitment. Five days prior closing, the lender advised the mortgage broker that…

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