It was a successful one The last days of 2011 are already ticking away. We usually look ahead expect better things next year. But before delving into the future, I want to look back. Hey, it was a fantastic year…
Tag Archive for collateral charge
ING Direct follows TD Canada Trust
by Vasko DeLev • • 0 Comments
One more lender embraces the collateral charge… Some rumors go around that ING Direct will start register all of their mortgages as a “collateral charge” as oppose to the more consumer friendly “standard charge” mortgage. Collateral charge mortgage will help…
Attention shoppers: Collateral mortgage
by Vasko DeLev • • 0 Comments
Main street media finally starts paying attention Several of my clients this year admitted they have been planning to get a mortgage from their bank, but changed their mind quickly when heard about the collateral mortgage. Most mortgage brokers know…
Collateral mortgage or… collateral damage?
by Vasko DeLev • • 0 Comments
“Re-advance” option – think before you say Yes
Borrowers don’t think about it, because in their mind a mortgage is a mortgage no matter where they get it from. By fixating the attention to one thing mainly — mortgage rate – they may overlook something important. If someone takes the time to explain the different flavours of mortgages, and potential future ramifications, they suddenly looked puzzled “Oh, really? Nobody mentioned it to me before”. I’ve seen that puzzled look lately when mention the word “collateral mortgage”.
All about bridge financing
by Vasko DeLev • • 1 Comment
Imagine the following scenario: Last year you have signed a contract with a builder for a new, larger house. When the construction entered the latest stage, you knew you have to put your existing home for sale. To save…
TD Canada Trust wants your business for life
by Vasko DeLev • • 2 Comments
TD Canada Trust surprised the mortgage community by announcing significant changes to the way they will register mortgages starting Oct 18, 2010. Instead of the previously used and widely accepted standard mortgage charge, TD will register every new mortgage as…