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Fraud, Phishing Scams and Canada Revenue Agency…

The Canada Revenue Agency (CRA) is warning Canadians to be careful of emails, voice mails, even mail claiming to be from the CRA. These are phishing scams that could result in identity thefts. Email scams may also contain embedded malware, or malicious software, that can harm your computer and put your personal information at risk of [...]


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GET A PRE-APPROVED MORTGAGE – BEFORE YOU HOUSE SHOPPING

Many sellers want to know that you can really afford the home before they will take your offer seriously. You can go through the application process for a mortgage and have financing in place before you even start looking. Here are four important advantages you gain by getting pre-approved: 1. A pre-approval certificate is more [...]


the mortgagecentre3

Common mistakes to avoid when purchasing a home

For most of us, buying a home is the single biggest financial transaction we will make. It’s exciting and fulfilling, but it can also be overwhelming, even downright frightening. The pitfalls are many but fortunately most are commonplace and we can tell you how to avoid them. Here’s a look at a few of the [...]


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Celebrating a tax refund?

Celebrating a tax refund? Looking forward to a tax refund this year? A tax refund is no reason to celebrate. You may fell the government is giving you money but in reality they are giving you back your own money.  The government has had use of your funds for the year, interest free. Does your [...]


the mortgagecentre3

Qualifying versus Affording a Home Purchase

When looking at purchasing a new home many buyers do not consider the difference between qualifying for and affording a new home. As a mortgage agent in Brooklin we follow standard lending guidelines when determining the mortgage amount you would qualify for.  Depending on your circumstances, gross debt service ratio (GDS) cannot exceed 32 to [...]


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Tax Deadlines

The first step in preparing your taxes is to know your deadlines. For a basic tax return you are required to file your 2011 tax return by April 30, whether filing a paper or electronic return.  If you are paper filing your return it must be post marked by April 30. Simply dropping it in [...]