Durham Region Mortgage Blog

real mortgage solutions, not just rates.

Category: Mortgage Tips & Advice (35 posts)

What You Need to Know About If You Co-Sign

What You Need to Know About If You Co-Sign

June 14, 2019 | Posted by: Sherry Corbitt

There are times, when a borrower either doesn’t have sufficient credit history or cannot afford to get a mortgage because of their debt-to-income ratio. Sometimes, it’s not because of defa ... [read more]

Why Do Mortgage Lenders Need To See Separation Agreements?

Why Do Mortgage Lenders Need To See Separation Agreements?

June 3, 2019 | Posted by: Sherry Corbitt

Divorce can take years. It isn’t something that can be done overnight, and it shouldn’t be either. There are a lot of things that need to be taken into consideration when separating, thing ... [read more]

Mortgage Interest Rates vs. APRs: What's the Difference?

Mortgage Interest Rates vs. APRs: What's the Difference?

May 30, 2019 | Posted by: Sherry Corbitt

Mortgage commitments can be complicated with all the terms and conditions, like any other legal document, but when you see a different rate for an interest rate vs annual percentage rate (APR), it can ... [read more]

10 Top Mortgage Myths Debunked

10 Top Mortgage Myths Debunked

May 14, 2019 | Posted by: Sherry Corbitt

While it is important to have an understanding of the mortgage process, it’s also important to be aware of myths that are floating around.  There are dozens of mortgage myths that exist and ... [read more]

Mortgage Renewals - Don't go into it with your eyes closed

Mortgage Renewals - Don't go into it with your eyes closed

May 10, 2019 | Posted by: Sherry Corbitt

For many Canadians their mortgage is their largest expense, so when it comes time to renew at the end of the term, there are many things you need to consider. Things that you may not even know about t ... [read more]

Property Taxes - Should you pay for it or your lender?

Property Taxes - Should you pay for it or your lender?

May 6, 2019 | Posted by: Sherry Corbitt

Property tax – everyone must pay them (unless you rent, etc) but who should pay them? You or your lender? Property taxes are typically paid to your municipality on a quarterly, semi-annual, or ... [read more]

When Closing a Mortgage, Don’t:

When Closing a Mortgage, Don’t:

April 18, 2019 | Posted by: Sherry Corbitt

So, we have found a great lender for you that meets your current mortgage goals and lifestyle, the lender is satisfied with all the supporting documents and we are broker complete. The only thing ... [read more]

Do You Know These Common Mortgage Terms?

Do You Know These Common Mortgage Terms?

March 14, 2019 | Posted by: Sherry Corbitt

When you apply for a mortgage or a mortgage pre-approval there are a number of terms that you will hear. The following is an explanation of some common mortgage terms: Fixed Rate A fixed interest ra ... [read more]

What are your best apps? My top 8 apps that I use

What are your best apps? My top 8 apps that I use

March 14, 2019 | Posted by: Sherry Corbitt

What are your best apps? I was fortunate enough to be invited by Mortgage Professionals of Canada to come and speak at their Toronto Symposium on February 28th. The topic was the top 8 apps I use as ... [read more]

The Power of Perseverance #crushit

The Power of Perseverance #crushit

March 14, 2019 | Posted by: Sherry Corbitt

The definition of perseverance is “steadfastness in doing something despite difficulty or delay in achieving success”. We all want to have this leadership trait, but persistence and determ ... [read more]

The Broker's Guide to Divorce - I'm in CMP Magazine!

The Broker's Guide to Divorce - I'm in CMP Magazine!

March 14, 2019 | Posted by: Sherry Corbitt

I am the featured Broker in this month's copy of CMP Magazine! It is an industry magazine that focuses on education, government regulations and inspiration. So honoured to be choose to have an article ... [read more]

Impressing People through Attitude

Impressing People through Attitude

April 27, 2018 | Posted by: Sherry Corbitt

We’ve all learned how to make a good first impression and how to have a conversation, but today’s topic of discussion is how to impress people. Will Rogers states, “too many people s ... [read more]

When Can a Second Mortgage be a Smart Move

When Can a Second Mortgage be a Smart Move

April 19, 2018 | Posted by: Sherry Corbitt

Every month, you put money against your mortgage. Over the years, thanks to all those payments (and a healthy increase in home values), you’ve built up some equity. Way to go! Sometimes, we want ... [read more]

Commonly Asked For Documents For Income Verification

Commonly Asked For Documents For Income Verification

March 26, 2018 | Posted by: Sherry Corbitt

Do you want a blood sample with that? It isn’t as bad as you think! Here is a list of commonly asked for documents for income verification of your income.     Gone are the days wher ... [read more]

Good Credit Habit Tips #3

Good Credit Habit Tips #3

March 26, 2018 | Posted by: Sherry Corbitt

... [read more]

Realizing an Opportunity #CrushIt

Realizing an Opportunity #CrushIt

March 20, 2018 | Posted by: Sherry Corbitt

Opportunities come and go and we can miss out on these opportunities, if we don’t take charge. Has anyone heard of the term opportunity cost? Opportunity cost is “the cost of an ... [read more]

Becoming an expert of conversation #crushit

Becoming an expert of conversation #crushit

March 19, 2018 | Posted by: Sherry Corbitt

Many of us build our business with networking event. If you attend regular meetings, the goal is to build lasting relationships and get to be a regular figure in our small community. The key to networ ... [read more]

30 Can't-Miss Home Staging Tips

30 Can't-Miss Home Staging Tips

June 23, 2017 | Posted by: Sherry Corbitt

Designed to Sell designer Lisa LaPorta shares some of her best home staging tips. Grimy bathroom walls are a major red flag to buyers. Here is an easy way to get rid of surface mold: Mix a spray ... [read more]

Gathering the Money for a Down Payment in Two Years or Less in Whitby and Durham, ON

Gathering the Money for a Down Payment in Two Years or Less in Whitby and Durham, ON

June 7, 2017 | Posted by: Sherry Corbitt

Whether you are looking to purchase a Whitby or Durham home in the next two years or you intend to wait another five, you must find a way to save up enough money to use for a down payment. Without the ... [read more]

Home Buying 101 - Why the Relationship with Your Whitby and Durham, ON Broker Should Be a Positive Partnership

Home Buying 101 - Why the Relationship with Your Whitby and Durham, ON Broker Should Be a Positive Partnership

May 3, 2017 | Posted by: Sherry Corbitt

Whether you are looking for your first Whitby and Durham, ON home or moving up to the home of your dreams, having an experienced real estate broker or agent in your corner is a must. Real estate is a ... [read more]

Getting Your Whole Family on Board When Selling Your Whitby and Durham, Ontario Home

Getting Your Whole Family on Board When Selling Your Whitby and Durham, Ontario Home

April 20, 2017 | Posted by: Sherry Corbitt

If you are selling your Whitby and Durham, Ontario home, this can be a challenge when you are in charge of getting your family on board as well. Selling a home with kids has its own challenges, b ... [read more]

Buying a Durham or Whitby, Ontario Home, Step One: Mortgage Pre-Approval

Buying a Durham or Whitby, Ontario Home, Step One: Mortgage Pre-Approval

April 7, 2017 | Posted by: Roar Solutions

Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not always the ... [read more]

Why Remortgage Your Whitby Home? 4 Excellent Reasons to Consider Refinancing Your Home

Why Remortgage Your Whitby Home? 4 Excellent Reasons to Consider Refinancing Your Home

March 7, 2017 | Posted by: Roar Solutions

Your Whitby, Ontario home is probably the most significant purchase you'll ever make, yet it's surprising how many people simply continue paying their mortgage every month without thinking too much ... [read more]

Price Your Whitby or Durham Region Home Realistically If You Want It To Sell

Price Your Whitby or Durham Region Home Realistically If You Want It To Sell

February 23, 2017 | Posted by: Sherry Corbitt

Setting a price for the Whitby Ontario home you are selling requires serious thought and research. Homebuyers have choices in today's market, and that means you should not list your home at an unreaso ... [read more]

Should you stress about the stress test? What you should know about new mortgage rules.

Should you stress about the stress test? What you should know about new mortgage rules.

November 27, 2016 | Posted by: Sherry Corbitt

On October 3rd, Finance Minister Bill Morneau announced that new mortgage rules will include more stringent 'stress testing' for borrowers.  The new rules are designed to lower debt levels, enfor ... [read more]

New mortgage rules will reduce the risk a housing crash poses to the Canadian economy

New mortgage rules will reduce the risk a housing crash poses to the Canadian economy

November 6, 2016 | Posted by: Sherry Corbitt

The mortgage rules are changing! I refuse to be a doomsayer and insight panic until all the facts are in and the facts are that right now we know there are changes coming but we (the mortgage industry ... [read more]

How bankruptcy can affect a new mortgage

How bankruptcy can affect a new mortgage

October 13, 2016 | Posted by: Sherry Corbitt

Paul Attfield The Globe and Mail, Sep. 26, 2016 While going bankrupt is likely not on anyone’s wish list of life experiences, when it does happen it needs to be dealt with to minimize its ... [read more]

Expect tougher mortgage rules by November

Expect tougher mortgage rules by November

September 28, 2016 | Posted by: Sherry Corbitt

Home buyers may feel the pinch as banks comply to stricter rules   Romana King September 12th, 2016   Home buyers should expect tougher mortgage rules to kick in as early a ... [read more]

How tenants can pay your mortgage

How tenants can pay your mortgage

June 2, 2016 | Posted by: Sherry Corbitt

PAUL BRENT The Globe and Mail, May 25, 2016 This year, twenty-somethings Sarah Aradi and her husband moved into a basement apartment in a house in Chilliwack, B.C., a booming city about an hour&rsquo ... [read more]

Money tips for Canadians: Do you know how to use gift cards?

Money tips for Canadians: Do you know how to use gift cards?

September 25, 2015 | Posted by: Sherry Corbitt

We have all been given or given gift cards but do you use them to their full balance? I remember I was given Visa gift cards that ATE THEMSELVES! I saved them for a big purchase, went into the store a ... [read more]

Do you know when to Consolidate?

Do you know when to Consolidate?

September 24, 2015 | Posted by: Sherry Corbitt

A common question I get is that it is time for our renewal, should I consolidate? Here is a sample to help decided if it will increase your household cash flow and help your family:   CURRENT: ... [read more]

Crunch a few numbers this September!

Crunch a few numbers this September!

September 12, 2015 | Posted by: Sherry Corbitt

Now that September is here, the brisk back-to-work attitude makes it a great time to review your finances. Did you spend a little more than expected on your summer vacation? Maybe this year ... [read more]

4 Strategies That Can Help You Get PreApproved

4 Strategies That Can Help You Get PreApproved

April 8, 2015 | Posted by: Sherry Corbitt

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ... [read more]

5 easy ways to be mortgage free sooner!

5 easy ways to be mortgage free sooner!

February 23, 2015 | Posted by: Sherry Corbitt

We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l ... [read more]

2 Out of 3 Do Not shop at Renewal

2 Out of 3 Do Not shop at Renewal

September 30, 2014 | Posted by: Sherry Corbitt

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expec ... [read more]

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Sherry Corbitt
Sherry Corbitt
Whitby, Mortgage Broker
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