"Most Banks Offer a 'Limited Selection' of 2-3 Mortgage Products, No Service After Banking Hours, No Education to Eliminate Debt or Improve Credit and Usually Take Days (Even Weeks) to Know if Your Mortgage is Approved..."
"...at Mortgage Alliance You'll Get Access to Over 40 Different Lenders, Personal Service 'After Banking Hours', Your Own Personals Debt Freedom Plan, and You'll Get Your Approval Notification with 48 Hours of Applying..... Guaranteed!"
| Our Unique Benefits |
Banks |
Mortgage Alliance |
| 48 Hour Progress Update Guarantee |
No |
Yes |
| # of Mortgage Products Available |
2 to 5 |
50 + |
| '' After Bank Hours" Personal Service |
No |
Yes |
| Expert in Working with Debt Cons. |
No |
Yes |
| Mobile Service " in the comfort of your home |
No |
Yes |
| Free How to financing Guides, Articles, Reports |
No |
Yes |
| Mortgage Financing Certification (3 Hour Exam) |
No |
Yes |
“ John Has Helped Us Get Our Lives Back”We had a business venture that didn’t go as we would have hoped, putting us in major financial distress. We maxed out all our credit cards and credit lines. Then John stepped into our lives, from our very first meeting, a feeling of calm and peace came over us. John educated us and showed us that there was indeed a light at the end of the tunnel. We got daily updates on our application. Since then, we can finally say the credit card companies no longer have control over us as John has helped us get our lives back. John is still a very much part of our lives, as he regularly checks in with us to ensure we are doing well. If he does not know the answer, he will not stop until he finds one. The word “thank you” does not do any justice. We are more gratefull to you than you can ever imagine. As clients, we are proud and confident to refer John to all our family, friends and colleagues. -The Khan family, Brampton, Ontario
John helped us finance our dream home, as we were turn down by our bank! We were Educated and kept up to date throughout the whole process. We received accurate and complete information. We want to thank you John for helping us get into our dream home. - Avtar & Harinder Grewal – Brampton, ON
Ottawa Announces Changes to Mortgage Insurance
Ottawa, July 9, 2008
Government of Canada Moves to Protect, Strengthen Canadian Housing Market
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The Government of Canada today announced adjustments to the rules for government guaranteed mortgages aimed at protecting and strengthening the Canadian housing market. The new measures include:
- Fixing the maximum amortization period for new government-backed mortgages to 35 years;
- Requiring a minimum down payment of five per cent for new government-backed mortgages;
- Establishing a consistent minimum credit score requirement; and
- Introducing new loan documentation standards.
Today's announcement marks a responsible and measured approach by the Government to ensure Canada's housing market remains strong and to reduce the risk of a U.S.-style housing bubble developing in Canada.
The new limits are planned to take effect October 15, 2008. This would allow existing mortgage pre-approvals with the common 90-day duration to be used or expire. Certain exceptions would also be permitted after October 15. The Government will work closely with all stakeholders to ensure timely and effective implementation of these measures.
As these measures relate only to new, government-backed insured mortgages, Canadians who already hold mortgages will not be affected by this announcement.
The measures announced today will build on the strength of Canada's housing market. According to the International Monetary Fund, the increase in house prices in Canada is based on sound economic factors such as low interest rates, rising incomes and a growing population. A recent Statistics Canada report concluded that home ownership is at record levels, with over two-thirds of Canadians owning their own home.
Mortgage arrears overdue mortgage payments have also remained low. In recent years, the percentage of mortgages in arrears for three months or more continues to be at low levels not seen since 1990.
Home in Peel Program
This program allows the qualified purchaser with the maximum household income of $75,800, to purchase a resale house to a maximum purchase price of $274,000.
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