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.

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.

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.

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.

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