Should I Take The Mortgage Insurance With My Mortgage?

Probably not! (see section on mortgage insurance). Bottom line, Mortgage Insurance is usually significantly more expensive and has far fewer features than regular term life insurance. Your mortgage provider has done you a terrible dis-service if they didn't explain this to you, and told you how to cover your mortgage with Life Insurance.

By |2014-01-21T16:44:03-05:00October 7th, 2013|, |0 Comments

What If I’ve Already Been Turned Down For A Mortgage?

All is not lost! Although it of course depends on the situation, there are a variety of different lenders who lend to people in different situations. So just because your bank has turned you down doesn’t mean you can’t get a mortgage. As a mortgage agent, I can shop your mortgage around to a variety of lenders find the solution that is best for you.

By |2013-10-07T20:44:34-04:00October 7th, 2013||0 Comments

Do You Charge A Brokers Fee To Help Me With My Mortgage?

I don’t like broker fee’s and you’re all but guaranteed that I won’t ever be charging you one! The only scenario where a broker fee might happen is if you didn’t qualify for an “A” lender, still didn’t qualify for a “B” lender, and we had to do a private mortgage. If that is the case however, it might not be in your best financial interests to be getting a mortgage and I’d talk to you about other alternatives.

By |2013-10-07T20:44:06-04:00October 7th, 2013||0 Comments

Aren’t Mortgage Brokers/Agents Just For People Who Can’t Get Mortgages At Their Bank?

No way! The banks would like you to believe that no doubt. But it’s totally false. As a mortgage agent, I have access to many “A” lenders including many of the big banks for which I can place business. Lenders including the big banks, have to offer better rates in the broker channel because of the competition (unlike if you walk into a branch yourself). So while it is true that I can help many people a bank would turn down, I can most certainly also help people the bank would approve too!  

By |2013-12-30T15:01:38-05:00October 7th, 2013||0 Comments

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    Michael Bodkin H.B.B.A, M.B.A.

    Mortgage Agent, Financial Planner

    Dominion Lending Centres
    YBM Group FSCO# 11129
    33 Cambridge St. South
    Lindsay, Ontario, K9V 3B7
    Independently Owned and Operated

    Mutual Fund Dealer PEAK Investment Services
    Life & Health Insurance Licensed with PEAK Insurance Services

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