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Mortgage Brokers City
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Mortgage Brokers City

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A study from the Fraser Institute due out Wednesday attacks the “concern” now being generated in some parts of the media about Canadian household debt.
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Mortgage Brokers City

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First-time home buyers are increasingly turning towards their parents for financial assistance in purchasing a home. The report found that 42% of participants surveyed online, expect their parents or relatives to help pay for their first home. A sharp increase up 12% from last year's report.
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62% of first-time buyers purchased with a spouse/partner. That means there’s generally two incomes (roughly $90,000 to $100,000 total on average, says Genworth), helping them qualify for a bigger mortgage and better absorb potential rate hike.
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For many professionals in Toronto and other booming Canadian markets, a condo is the only option if they want to buy. Houses are out of reach. 
Let our mortgage brokers get you the best mortgage rates and mortgage loan interest rates. You'll also find tons of free information, expert advice and mortgage tools.
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As prices increase, so do the minimum down payments and default insurance premiums. Sixty-three percent of today’s first-timers get insured mortgages with the median down payment being $34,000 (12%).
Click below to visit our site to learn more!
Let our mortgage brokers get you the best mortgage rates and mortgage loan interest rates. You'll also find tons of free information, expert advice and mortgage tools.
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Baby boomers continue to drive sales in the luxury real estate market, upsizing their homes while also helping their Gen-Y offspring with home purchases, according to a new report. 
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Online comparison shopping is changing everything from how we buy a new television set to how we select a mortgage, and it’s causing some mortgage lenders to get creative in order to compete.
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Most Canadian home owners don’t know how much it would cost them to break their mortgage before the maturity date. But with penalties potentially in the thousands of dollars, they should.
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Mortgage Brokers City

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As prices increase, so do the minimum down payments and default insurance premiums. Sixty-three percent of today’s first-timers get insured mortgages with the median down payment being $34,000 (12%).
Click below to visit our site to learn more!
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Almost 6 in 10 (59%) are planning for children in the next five years and another 17% aren’t sure. This implies that many will need to up-size their property. In fact, half refer to their purchase as a “starter” home.
Click below to visit our site to learn more!
Let our mortgage brokers get you the best mortgage rates and mortgage loan interest rates. You'll also find tons of free information, expert advice and mortgage tools.
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With 35-50% of home sales attributed to first-time buyers (depending on the year and survey), it’s vital for mortgage marketers and industry watchdogs to understand the traits and risks of this demographic. That includes understanding how well prepared young Canadians are to buy a home, and to handle rate hikes, price corrections and unemployment.
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Genworth Canada says it will be increasing the premium for some of its mortgage insurance, starting June 1, matching a move announced last week by Canada Mortgage and Housing Corp.
Let our mortgage brokers get you the best mortgage rates and mortgage loan interest rates. You'll also find tons of free information, expert advice and mortgage tools.
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Introduction

Mortgage Brokers City was first established in 2005 by Michael Hapke and Frank Napolitano.  With more than 20 years each of extensive banking experience, the two set out to become one of Canada’s leading brokerage firms.

In January of 2008 the dynamic pair joined forces with an equally successful brokerage team under the direction of York Polk and Jeff Cody – both with impressive financial backgrounds and solid business acumen.

Together, with their professional management style and proven track record, they have formed one of the largest, most successful Mortgage Brokerage houses in the industry.  Today, Mortgage Brokers City is recognized as a dominant force in the mortgage brokerage market in Ottawa, and throughout Canada.