Blog by Cedric Swift

What to do If your Phone Gets Stolen

June 29th, 2021

LED"S Light Bulbs

November 22nd, 2019

Dishcarge Mortgage Cost

February 1st, 2017
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Mortgage Awareness

October 19th, 2015
Mortgage Awareness Quoting mortgage broker   “Kymberly Ezzard” Some banks have introduced a plan to gain greater control over their clients by way of a collateral mortgage pledging your equity to the bank.  Beware of collateral mortgages and a clause called a “re-advance clause”. Ask your lawyer for a full explanation.  When the consumer wants to refinance their loan , switch lenders at ...

Drug Houses/Grow Op's

October 19th, 2015
Drug Houses/ Grow Op’s            A count of known drug homes or grow ops (Calgary Health Authority) probably provides (my guesstimate) less than 25 per cent of the city wide count. This is the current challenge for home buyers.           Calling for professional inspections, being personally aware of tell-tale signs and using realtor sources to identify such properties are all good approac ...

Home Insurance

October 17th, 2015
Some home buyer's assume that purchasing a home insurance policy is something to be done just before the move in date. Often this works just fine.Following this just before schedule and the home insurance application is rejected, what then? The mortgage company will not fund the mortgage without home insurance. The buyer has already ready removed his mortgage approval condition and has no rec ...

Reverse Mortgage

September 19th, 2015
Understanding Reverse Mortgages A reverse mortgage is a loan that is designed for homeowners 55 years of age and older. A reverse mortgage is secured by the equity in the home, which is the difference between the value of your home and the unpaid balance of any current mortgage. It allows homeowners to obtain cash without having to sell their home. The Canadian Home Income Plan (C ...

Line of Credit

September 19th, 2015
Compliments of lawyer "Stan Galbraith" Many clients are surprised when we tell them about a second mortgage. We ask:  Do you have a line of credit? Yes, they say, but that’s not a mortgage. Our answer: Yes it is and it is registered on title; this means it must be paid out in full on closing. To avoid any doubt, get your clients to produce the most recent line of credit statement and remind th ...