Unless you have very deep pockets or have inherited a pile of bricks and mortar, the chances are you’ll need a mortgage to buy your first property. A mortgage is simply money taken on credit that is used to buy a property. A down payment is required to pay for a portion of the property yourself, while the mortgage will cover the remaining amount. I am Jeff Cody, a mortgage broker with Platinum Mortgages Ottawa (Mortgage Architects). I want to help educate first-time buyers about what they require to obtain a mortgage. This is why I have prepared a beginner’s guide to obtaining a mortgage. Upon request, I can also send you a more comprehensive buyer’s guide.

A mortgage is an excellent way to overcome financial limitations and raise money that can be spent on buying a home or starting a business and any number of useful endeavors. However, choosing the wrong mortgage plan or opting for a mortgage that goes beyond your means of repayment can be dangerous and lead to loss of property or foreclosure.

Buying a home is one of the most expensive purchases you will ever make in your lifetime. The excitement of fulfilling this dream drives many owners to go out and complete the home buying process themselves. Unfortunately, this isn’t the best way to go about it, as without the right kind of assistance, the initial excitement may soon be replaced by frustration in the run-up to obtaining a mortgage. 

It’s official! Mortgage rates are on the rise, which can mean only one thing - higher interest costs for consumer mortgages. However, it’s essential to note that with the current rising interest rate and large spread between fixed and variable rates, it’s tough to predict the better choice for a five-year term mortgage. So let’s consider some options.

When it comes to buying your dream property, it’s essential to work with a professional that understands the mortgage process, has access to the best rates, and can help you read the small print. Hiring a mortgage broker will save you time, money and provide peace of mind as a mortgage is one of the most significant investments you will make in your lifetime.

Jeff Cody wishes you and your family a wonderful Holiday Season and a happy, healthy, and peaceful New Year 2022!

Mortgages give you access to funds allowing you to own property, do home repairs or improvements and/or consolidate debts. All in all, there are many benefits when it comes to taking on a mortgage. However, finding the right mortgage is crucial, and for this, you need to get your facts straight. Currently, there are many myths and misconceptions about mortgages. If you are new to mortgages, you could easily fall for the rumors and falsehoods about what you should or shouldn’t do. Believing in these false facts could actually dissuade you from picking out the perfect mortgage. To help you separate facts from fiction when it comes to obtaining financing, mortgage broker Jeff Cody has debunked three of the most widely believed myths about mortgages.

I am Jeff Cody, a fully licensed mortgage broker with Platinum Mortgages and Mortgage Architects, Ottawa. I look forward to sharing my story. I hope that you will enjoy getting to know me better. 

When applying for a mortgage, it’s essential to have everything just right, as this is one of the biggest commitments you’ll make in your lifetime. Errors made before or during the process can result in higher interest rates or not getting approved for the mortgage that you expected. To make sure that everything goes well throughout your mortgage journey, mortgage expert Jeff Cody has put together a list of the most common mistakes people make when shopping for a mortgage. Keep reading to see what activities to avoid so you can successfully acquire the funds you need to purchase the home of your dreams.

Buying a house can be very stressful, especially if it is your first time. There is a lot that goes into buying a house. You have to find a lender, choose a mortgage product, fill in the mortgage application, etc. Without any prior knowledge of the industry, you might find it hard to obtain a mortgage without making mistakes. One way to ensure financing for your house is to hire a mortgage broker. A mortgage broker has the necessary skills and experience to get you the financing you need while sticking to your budget. However, not all mortgage brokers are the same. In order to find one that caters to your needs, here’s a list of the top five things to look for in a mortgage broker. 

Thanks for stopping by my blog. If you’re looking for more information about Jeff Cody of Platinum Mortgages, you’ve come to the right place.

We are delighted to announce the launch of our new website!

New Website Coming Soon!