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Most people at some point in their lives will need access to a large lump sum of cash. This could be to consolidate debt, pay for an investment, to remodel their home or perhaps to pay for an unexpected emergency. One way to access this cash, is through cash out mortgage refinancing. What this means…

While it is still possible to get a mortgage if you have poor credit, it is definitely easier (and less costly) to get a mortgage if you have good credit. So if you already have a few red marks on your credit report, what can you do to clean them up quickly? Here are a…

As the year comes to a close, you might be wondering what 2019 is going to have in store for us in terms of mortgages. While no one can say for certain, here are some of our predictions for the coming year. More variable rate mortgages at the start of the year. With the stock…

Matrix Mortgage Global – Reverse Mortgages Are Becoming More Mainstream It used to be that Reverse Mortgages were considered a last resort for pensioners who were desperate to make ends meet. This, however, is no longer the case. Home values have risen considerably in recent years, so it is making more and more sense for…

Are you planning to buy a home in the near future? Getting a mortgage can be intimidating for first time home buyers. It’s a necessary process if you want to own a home in Canada, but it doesn’t have to be as difficult as you think. All you need to do is follow these steps:…

Shopping for a mortgage can be stressful. You want to make the right decision. You want to get a good interest rate. And most importantly, you don’t want to make a mistake. In most cases, this means that many homeowners default to getting a mortgage with the bank, usually the bank where they do their…

Making the right financial decisions is important, especially when it comes to your home and mortgage. Waiting for the right time to refinance your home can make a big difference in the outcome. Choosing to refinance provides you with the flexibility to pay off your current mortgage while also addressing other loans and financial commitments.…

Scarborough Community Gets A Voice  Shawn Allen, Principal Broker of Matrix Mortgage Global is an active member of the Scarborough Business Community and sponsors the Scarborough Community Renewal Organization (SCRO). Last month SCRO held their first annual general meeting and officially swore in their committee members. The project initiatives are to move the Scarborough in a…

  The Unitri cube houses, a Toronto landmark located a minute north of Matrix Mortgage Global’s office in the Canary District, are for sale. To be more precise, the little pie shaped plot of land above which the three cubes hover, is for sale: the cubes themselves, possessing little more than sentimental and anecdotal value,…

For elderly homeowners on a tight budget, the reverse mortgage program provides much needed cash flow relief. Reverse Mortgages are designed for older home owners who need access to their home equity in order to subsidize their income. With a reverse mortgage, you no longer have to make monthly payments (just property taxes and homeowners…

Why Is Now A Good Time To Sell? Given the political and economic landscape of our neighbours to the south, Canada is largely considered to be a more ideal place to own property. With low interest rates and home price appreciation, Canadian housing is in high demand from domestic and foreign buyers alike.  The price…

The Greater Toronto Area’s 2016 real estate market closed with record-breaking highs in housing prices and the lowest number of new listings in over a decade. High demand and low supply characterized the GTA’s 2016 housing sector, a trend we can continue to expect in 2017 as increasing foreign property investment and a swelling population…

Throwing A Lifeline Property: 2-Story Detached House Location: Pickering, ON The Deal: Couple had overextended credit with several late payments, plus existing 1st & 2nd mortgage. Matrix Mortgage Global Funded: New 1st Mortgage: $600,000 @ 80%LTV 1-year term Savings for client: Over $510/month We fund mortgages for:  Debt Consolidations Equity Take-Out Renovations Cash Flow Tax-Arrears Estate Settlements…

Last week we asked our clients if they were “Feeling the Crunch” and having difficulty managing their expenses this year. An overwhelming majority of our respondents said ‘YES! Times are tough”.   Matrix Mortgage Global would like to help put some extra money in your pocket by simply spreading the word on the great work…

From The Pan-Am Athlete’s Village to Booming Canary District   The story of the Canary district is one of triumph, luck and transformation. Unlike so many other cities that create infrastructure for events like the Olympics (Montreal Olympic Stadium, I’m looking at you!), the Pan Am athlete’s village managed to transform into a promising new…

DEAL OF THE WEEK Purpose: Clients needed funding for a investment home purchase + renovation for a single family detached house in North York. “As Is” Value: $800,000 “As If Complete” Value: $950,000 We arranged for clients to get a 1st mortgage for a low interest rate covering 65% LTV. 1st Mortgage: $520,000 We arranged…

On July 25th, British Columbia’s Premier Christy Clark announced a forthcoming 15% tax on non-Canadians buying residential real estate in order to curb the Vancouver area’s overheated housing market. There has been a wide array of reactions to the new tax, although the consensus is that it was long overdue. “I want to keep home…

Since the 2008 real estate and mortgage market fallout, there have been desperate attempts on the part of the banks to keep interest rates low and tighten up the lending regulations in Canada. The Canadian Mortgage and Housing Corporation (CMHC) has changed their lending guidelines over the last several years to the point where the…