Who Am I?

When I started in this field 17 years ago, I tried my hardest to serve all sorts of clients. It didn’t matter if it was for your commercial project, you had a prior bankruptcy, you were self employed or new to Canada. I did it all. After all of those years I will still do all of those things but I won’t do it all for everyone.

It all boils down to one thing, we have to be a fit for each other. There are enough other people doing the same thing, if we are not a fit there is one out there.

If I have to buy the rate down to win your business, I am not your guy.

If you expect a split of my commission because you referred me some business, I am not your guy.

If … Read more

What is your “Endgame”?

Recently my wife and I took our son to see Avengers Endgame. It was awesome and I highly recommend that you see it. The movie was the cumulation of 11 years and 22 movies to get this point. The head of Marvel Studios Kevin Feige was the mastermind behind all of this success as he saw the big picture. The secret is that he had a plan and he got to work to making that happen.

The truly great people in this world have a plan. They know where they want to go and take consistent action to move them in the direction of their target.

In regards to your personal finances what are your goals?

Do you want to continue renting or buy your own home?

Do you want to invest more for retirement?

Do you want to … Read more

Entrepreneur’s Wanted

Hey Business Owner!

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Congratulations you’ve done it, you have started your own business. You have taken the 1st step. This could of been years in the making or a recent spark of inspiration that pushed you to it. Irregardless congratulations I am happy for you.

Now get your business registered, set up your banking and start making some sales. If you are boot strapping your early growth that is great as it shows that you have some skin the game. Once you have some preliminary success and you have proven your concept, now the future is starting to look bright. It may now become time to start thinking about financing your future growth.

We have years of experience in assisting entrepreneur’s finance and fund the future growth of their businesses. Whether you are looking for working capital or a private … Read more

David Bowie said it best

It was very sad to get up this morning to read about the passing of a rock legend David Bowie. I have always loved his music. The news reports talked about the impact his life has had on rock music, fashion, art and even financial securities with Bowie bonds.

I don’t know how many hundreds if not thousands of times I have listened to his song changes. Singing along and not realizing until today that I ( like many) was singing it wrong. He talked about “time may change me, but I can’t trace ( not change) time. I did not really get what he meant till today, and his career summed it up perfectly. You can’t go back in time. Bowie was always changing, and that’s what made him interesting.

Change is the one constant that we have … Read more

New Year New You, or Same Old Story?

Happy New Year, I hope 2015 was a great one for you and that 2016 will be even better. What are your plans for improving your life in 2016? Or are just content in just doing the same old thing day after day and getting the same results? You know that’s the definition of insanity right!

Most people including myself have been no different, use the new year as a time to write down their goals for the year. However what happens for most ( I am guilty of this as well)  is that they write them down then they forget about them. Once you have written them, that’s a great 1st step accomplished. Now you must detail a plan for accomplishing them.

The reason that I am writing about this is because I want to make 2016 the best … Read more

Get off the treadmill, you’re not a hamster

As the year is winding down, I have been thinking of what I have accomplished this year. What I worked on and did not finish, and what I just did not get around to doing at all. How did you do with your scorecard? Sadly if you are like most, you may not even of kept score.

It turns out that only 5% of the population actually set goals, and more importantly only a smaller percentage of those actually write them down. Are you getting up day after day, doing the same thing and expecting different results. You know that’s the definition of insanity right!

What are your personal goals? Your health goals? Your financial goals. Do you know what you want to achieve today, this week, this month and this year that will help you come closer to their … Read more

New Mortgage

The 5 C’s of credit and how they impact your buying decision.

You have scrimped and saved and with the help of your Realtor you have picked out your house. Now comes the fun part, getting you approved for your mortgage. With the help from a experienced mortgage broker, you will be able to put your best foot forward and get approved for your purchase.  This involves telling the facts about who you are and where you work and how much you make, but it also involves telling a story about why you deserve and are able to pay back this loan. The right broker will help you do this.

It is like the old tale of a group of blind men (or men in the dark) touching an elephant to learn what it is like. Each one feels a different part, but only one part, such as the trunk or the … Read more

All you wanted to know about mortgages but were afraid to ask, part I

 

Not that it’s keeping you up at night, but I thought you should know

To some the idea of financing your first home may be daunting. Really it shouldn’t be. It’s just that the banks and other brokers or lenders may use finance terms that you don’t know what the heck they mean.

Downpayment: This is the cash that you have saved up to buy your home. This can come from your savings, your RRSP’s or from your family. Some situations as I have discussed in a previous article allow you to borrow it from your own existing credit, however this does not apply to all situations and all lenders.

LTV: Also know as loan to value. This one gets a lot of people confused if you are new to the game. It is the amount of … Read more

How to buy a house with none of your own money

More commonly referred to as creative down payment options.

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Did you know that you can still buy a house in 2015 with no down payment (of your own money), cause sadly the days are gone where the zero down payment was available. So here are all the options including the one where you have spilled blood, sweat & tears and saved it yourself.

1) 5% saved from your own resources. You have worked long and hard and you have been able to put away a few dollars. If this is you I must congratulate you and say that you have job well done. However before you pat yourself on the back there are a few things you should know. The lender will ask for confirmation that you have had the funds in your position for at least 3 months. To … Read more

First time home buyer

Ma & Pa say it’s time to move out

Also known as yes you can afford your own place.

They think you’re ready, your significant other thinks your ready, heck even the family dog thinks your ready. Here is why they know that.

1) You have a good job and are getting a steady pay check.

2) You have credit established and pay all your bills on time.

3) You plan on buying something that should increase in value over time, unlike that Xbox you bought a few years ago.

4) You have put away enough to cover your downpayment.

That covers a few of the major C’s of mortgage borrowing right there, so you’re heading in the right direction. In case you were wondering the 5 C’s of credit are Collateral, Credit, Capacity, Character and Capital.

Now you should find out how much you can afford to buy. … Read more