AGENT LICENSE ID
M13002164
BROKERAGE LICENSE ID
11995
Daniel Char, AMP
Mortgage Broker
Office:
Phone:
Email:
Address:
201-10815 Yonge St., Richmond Hill, Ontario
YouTube Channel
4/1/2015
Hello Friends,
I have decided to create a Youtube Channel Dedicated to Mortgage information. This Channel will be for those seeking more information to learn about mortgages before signing one of the biggest commitments of their lives. Some of the topics that I will cover are:
Youtube Topics
1.Introduction to Channel
2.What is a Mortgage?
- Term loan vs. open loan
- Financing for property
- Term Vs Amortization
3.Broker vs. Banker vs. Mortgage Specialist vs. Online discount broker
- Differences
- Pro and con
- Compensation model
- Education and training
- Relationship model with customers
- What is the Daily life of each of the above
4.Amortization Schedule
- Blended payment
- Interest Only Payment
5.Prepayment Options
- 20% Prepayment
- 20% increase
- Match a Payment or Double up
- Miss a payment
6.Penalty
- What is a penalty?
- Why is it charged?
- 3 months interest Penalty
- Interest Rate Differential Penalty
- How to avoid Penalty (port + Blend & Extend)
7.Type of Mortgages
- Fixed and variable
- Open and Closed
- 1 – 5 year + 7 and 10 year
- Bridge Loan
8.Mortgage Preapproval
- What is a preapproval
- Why is one needed
- Difference between preapproval and real approval
- Is the rate on my preapproval guaranteed till closing?
9.Rates
- What is a rate?
- What is interest?
- How is interest calculated?
- What is interest compounding?
- Why does it matter?
- How do I get the best rate?
10. Mortgage Application
- What is an application and how to apply
- What is needed to apply for a mortgage (credit, income, downpayment)
- Importance of accurate information