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Porting and Increasing your Mortgage?
What happens if I die without a Will?
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  Current interest rates: 

  Prime Rate ...................  2.50
 Qualifying Rate ..............  5.99
  3 year fixed ..................  3.60
  5 year fixed ..................  4.25
  7 year fixed ..................  4.90
  10 year fixed .................  5.59
  Variable rate .................  1.85
                           (prime - .65%)
Tracy Irwin, AMP
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Some recently asked me "why should I use a mortgage broker"? and while there are many reasons, here are just a few ....
1.Mortgage expertise can save you money
We work to reduce your anxiety and save you time by approaching multiple lenders to find the right home mortgage for you.

2.Brokers can be more flexible than the banks to fit your unique situation
We can alleviate your stress by having access to innovative solutions for your exclusive needs.

3.Our professional expertise is paid by the lenders, not by you
We save you money - we are paid directly by the lender so there are no additional fees for our expertise and services.

4.Professional advice is based solely on your needs and in your best interest
We work for you - not the lenders to bring the best mortgage terms to available.

5.We will meet you at your convenience and preferred location
Just another way to help you relax and let us come to you.

6.We are committed to education
We can put your mind at ease by increasing our expertise through education.  An AMP, Accredited Mortgage Professional, is dedicated to finding the right mortgage solution for your needs. They offer a high level of integrity, customer service and industry knowledge. 
Porting and Increasing your Mortgage?  What You Need to Consider

You have put an offer on a new home and are in the process of completing the application for financing with your existing lender. 

Your expectations are that everything will be approved without a hitch or will it?
If you are a salaried employee and have recently taken on a new position and you are still under job probation - there will be an issue qualifying with lenders.
If you are a self employed individual and have registered your business for 3 years or more, you now have to qualify using your Line 150 income and may gross up your income by 15%.  For individuals who qualified previously under a self-declared income program, this new legislation could be problematic. 
If you are on maternity leave, lenders have different guidelines on what income they will use to qualify your financing.  e.g. Some lenders will use a percentage of your previous annual income to qualify while others will use only your employment insurance income.
If you recently have lost your job, you may not qualify at all.
You know what "they" say about making assumptions ...   

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What happens if I die without a Will?

Kristina Hyland, SimpsonWigle Law LLP
Dying is not something that we like to think about or necessarily feel that we need to prepare for, especially if we are young.  There are, however, some serious implications to dying without a Will including the increased stress it may cause to your family members.
Everyone should have a Will prepared regardless of financial or personal circumstances.  Often single individuals without dependants are inclined to think that the preparation of a Will is not important.  However, without a Will, the deceased's wishes with respect to their estate will not be known.  It may be that the person who arranges the funeral for the deceased and administers the deceased's estate is not the person that the deceased would have chosen.  Further, the assets of the deceased may end up in the hands of beneficiaries that the deceased did not want nor intend to benefit.
For individuals with dependants there are many additional consequences to not preparing a Will. 

Click What happens if I die without a Will?

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Did the word "golf" originate as an acronym for "gentlemen only, ladies forbidden"? That's a common old wives' tale. Or, in this case, more likely an old husband's tale!

Like most modern words, the word "golf" derives from older languages and dialects. In this case, the languages in question are medieval Dutch and old Scots.

The medieval Dutch word "kolf" or "kolve" meant "club." It is believed that word passed to the Scots, whose old Scots dialect transformed the word into "golve," "gowl" or "gouf."

By the 16th Century, the word "golf" had emerged.

Sources: British Golf Museum, USGA Library

Tracy Irwin, AMP
Mortgage Broker

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