Frank Salvatore

The Four Types of Mortgage Products

September 27, 2011 by · 2 Comments 

When purchasing real estate in the Hamilton area it’s important to consider your mortgage options.  Although there are specialty products available in the mortgage market like Interest Only mortgages and Balloon Payment Mortgages, the majority of homeowners opt for one of these four mortgage options: A fixed rate, a variable rate, a conventional or a […]

The mortgage pre-approval

September 27, 2011 by · Leave a Comment 

Are you looking to own real estate in Hamilton?  Getting a pre-approval from a lender makes it easier for you to find the home you want within your price range. However, getting pre-approved does not guarantee you’ll get the mortgage. It is simply a certificate saying that through a quick calculation of your finances, the […]

Home ownership benefits retirees

September 27, 2011 by · Leave a Comment 

A recent study released by StatsCan found that purchasing a home is a wise choice as an investment for retirement. The study, which studied the years between 1969 and 2006, concluded that home ownership made a significant and rising contribution to household finances for retirement-age households. According to the report, Study: Incomes from owner-occupied housing […]

Mortgage Default and Title Insurance

September 27, 2011 by · Leave a Comment 

Mortgage Default Insurance There are a lot of things to consider when buying real estate in Hamilton, in particular mortgage options and mortgage insurance.  Your real estate broker can recommend a mortgage broker but before you speak with them here is some information on mortgage insurance. Mortgage default insurance is the security for the lender […]

Frank Salvatore