| Recent Blog Posts by Jeff Gingerich | ||
Death of the Pre-approval?
Many lenders have cancelled their pre-approval program. Others are charging a rate premium. Why? It's estimated that less than 1/3 of pre-approvals are funded. Those that aren't cost millions of dollars in wasted time and effort. So what to do? At Centum Discount Mortgage Canada, we can pre-qualify you and do a credit check. You'll know what you ...
Posted by Jeff Gingerich
on July 4, 2009
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I'm Just Saying...As Realtors, we are certainly thankful for the resurgent real estate market Canada-wide. Low interest rates have been instrumental in increasing affordability to entice first-time buyers into the market. Real estate is local so let's look at a typical scenario in Kitchener-Waterloo. A couple buy a detached home for $250 000 with 5% down and get a 4% mortgage with a 5 year ...
Posted by Jeff Gingerich
on June 25, 2009
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Good News on the Mortgage FrontThe Canadian Association of Accredited Mortgage Professionals(CAAMP) has released the results of a spring survey titled The Canadian Residential Mortgage Market During Challenging Times. Their findings may surprise based on the prevailing doom and gloom within the media. For those that have a mortgage, 40% have at least 50% in home equity. If we include those ...
Posted by Jeff Gingerich
on April 25, 2009
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