Author Archive

Author Archive

Elan Weintraub Quoted on Realtor.ca – Everything you need to know about reverse mortgages

Posted on July 26th, 2020 by Elan Weintraub

  https://www.realtor.ca/blog/postpage/14024/1361/everything-you-need-to-know-about-reverse-mortgages Now more than ever, Canada’s experienced homeowners are tapping into their home equity in exchange for cash, a process known as a reverse mortgage.  Over the years, this type of mortgage loan has grown in popularity among seniors. In fact, in January 2020, reverse mortgage debt reached a new record of $4.03 billion, […]

Top 10 Mortgage Mistakes

Posted on March 4th, 2019 by Elan Weintraub

So you need a mortgage.  The bad news is that mortgages have become more complex than ever!  So here are our Top 10 Mortgage Mistakes made by Canadians: 10 – Believing that FIXED rates are “safer” and VARIABLE rates are “riskier”.  This is a HUGE misconception, which I explain here. : https://www.mortgageoutlet.ca/fixed-versus-variable-the-mortgage-question 9 – Assuming […]

Fixed Versus Variable – THE Mortgage Question

Posted on January 16th, 2019 by Elan Weintraub

I’ve been meaning to write this blog post for many, many months – and I’m thrilled that I’m finally sitting down to do it. The good news is there is a simple answer to the fixed vs. variable debate.  Are you ready? The answer is… It depends. Ok, so that answer isn’t so simple, so […]

Do NOT renew your mortgage – unless you enjoy wasting thousands of dollars

Posted on May 17th, 2018 by Elan Weintraub

When a mortgage term is almost complete, banks send letters to their clients to ‘renew’ them into a new mortgage.  Signing this letter usually takes one minute – and most people don’t give it a second thought – but this decision could cost you thousands of dollars and could be one of the largest financials […]

Mortgage Pre-approvals Should Be Illegal In Canada

Posted on January 20th, 2018 by Elan Weintraub

Lately, I’ve been getting panic calls from real estate buyers (or their Realtors) to inform me that their bank was not honouring their mortgage pre-approval.  Pre-approvals have been failing more and more frequently.  Obviously, this creates tremendous stress for the buyer and Realtor, and this situation is becoming more and more common. Why is this […]