Danny Bell
Mortgage Broker - M13001996
Tel: 905-426-4200 | Cell: 289-200-9061 | Fax: 905-426-4201
Income types come in many forms, but not all are created equally, particularly when it comes to mortgage applications.  Certain income types require a thorough assessment based on a 2 year average. Let's explore these income structures!Â...
Fixed = Rate and payment stay the same over the term
Variable = Rate and payment subject to fluctiation
MORTGAGE TIPS: ARE RATES GOING UP?Some stats show YES. I've summarized articles I've read and I suggest reading this.Current Best RatesFixed rates: 4.99% - 5.59% (Avg = 5.29%)Approx $598/month per $100k (25 yr amortization)Â Â Variable rates:...
Why Danny?1) Will work for you to get the best deals available2) Trusted and backed by many happy previous clients3) Will help walk you through the entire mortgage process4) Uses his expertise to ensure you and your family get what you need Â...
What qualifies as fraudulent paperwork and lying on a mortgage application?Altered or falsified pay stubs, letters of employment or other docsMisleading or inflated info about income or length at a jobMisrepresenting job status (full/part-time,...
A bridge loan is a short-term loan to bridge the gap between the purchase of a new home and the sale of an existing one. It provides financing to cover the down payment and closing costs of a new home before the borrowers current home sells. Â Bridge...