BMO Insurance to Consider Occasional Marijauna Smokers for Non-Smoker Rates

Effectively immediately, BMO Insurance will consider occasional marijuana smokers for non-smoker rates.* ·  Applicable to new life insurance applications ·  All life products included (excludes critical illness products) ·  Occasional marijuana smoking is defined as up to two marijuana cigarettes per week for recreational purposes only (excludes medicinal marijuana users)   Commentary: Katarina Nikolic, Vice-President…

Mortgages

  Beware of Collateral Mortgages – Watch what is in the fine print! Most consumers know their mortgage rate, term, amortization and mortgage payment. Most would not know if their mortgage is a conventional or collateral mortgage, as this is buried in the fine print. A collateral mortgage registered on your home is usually for…

Mortgage Renewals

Borrowers in Ontario usually spend a lot of time and effort to find an initial mortgage, yet spend no time shopping around for renewals. By shopping your mortgage renewal, you can save thousands over the life of your mortgage loan. Lenders know that almost 60% of borrowers will simply sign and return the renewal notice…

Mortgage Check-Up Questions

o Will you be safe if interest rates rise? o Are you thinking about selling your home now or in the future? o Is your mortgage rate too high? o Do you have the best product for your particular credit situation? o Have you thought about using the equity in your home to pay off…

The only mortgage insurance guide you need

Everyone is trying to use their time most effectively, so when the bank representative asks if you want mortgage insurance and all it takes is being able to answer ‘no’ to a few simple questions, who wouldn’t take advantage of this? The problem is you may be paying for protection that you don’t necessarily have.…

What’s Your Score?

Your ‘beacon score’ is a key number when it comes to applying for a mortgage.  The following information provided by Genworth Financial Canada, provides a good overview of how to obtain your credit report which will provide you with your beacon score, and how to improve and correct any problem areas.  Of course, your ‘beacon…