Founder and CEO of Mortgages of Canada with 14 years of experience specializing in mortgages, debt consolidation, and refinancing.
Samantha Brookes is founder and CEO of Mortgages of Canada, one of the fastest-growing full-service mortgage brokerage firms in Canada.
With more than 14 years of experience in mortgages, Samantha provides a diversity of knowledge when analyzing each client’s financial situation. She understands their needs and strives to ensure they get what they deserve.
Samantha offers a compassionate approach to the complicated business of mortgages and investing. Her persistent work ethic has helped her to build solid relationships with lending associates and banks to ensure she gets the best-priced, individually-structured mortgage loans for her clients.
Samantha’s interests include running and acting. She worked as an actress and stunt-woman for many years, appearing in such films as Deacons for Defense, Get Rich or Die Trying, and Twice in a Lifetime.
She is also a graduate of the University of Kansas where her interest in running earned her a track scholarship. She remains an avid runner and has fueled this passion into her volunteer work.
Most people understand when they take out mortgages, they're signing a legally binding contract and both parties are expected to carry out their part of that contract. What many don't understand, however, is that these contracts are often bought and sold on a secondary market.
Surprising to many, homes come with warranties -- well, new homes that is. New-construction condominiums, townhouses and free-standing homes are automatically covered for issues related to construction and assembly of the home -- pipes, paint and everything in between.
Economic forces have an uncanny way of exacting revenge. Markets arise out of need, when a buyer and seller agree that each is better off from the exchange. If there are more buyers than sellers, pric...
The long-running seller's market will slowly become a buyer's market due to lack of affordability, which in turn could result in decreased housing prices -- as people will no longer be able to afford homes in what were previously known as "hot markets."
There are several reasons to think about refinancing your home. The most common include gaining access to the equity in your home and/or reducing debt, making renovations or major repairs and life-changing events -- and of course to take advantage of low interest rates.
Thirty-six is the new 30 for first-time home buyers in Canada -- meaning that the average age of current home buyers is 36, while the majority of current home owners bought their place before they were 30. Considering that millennials are typically 25 to 34 years old, many are left asking the question: are millennials buying homes?
In the midst of the busiest month of the year in real estate, the Canadian housing market shows no signs of cooling down anytime soon, pushing buyers to think twice about their next move. Many assume that their best bet is to steer clear of the hot market, but that isn't necessarily a smart move.
Most people think that obtaining a mortgage is the last step in getting the keys to your new home. Despite what seems to be a peripheral awareness, the reality is that most of the time people forget that it should actually be the first.
Newly appointed Finance Minister Bill Morneau grabbed lots of headlines last week with the announcement that the Liberal government was imposing more stringent down payment requirements for buying a home. The move is meant to take the air out of the still-hot housing markets of Toronto and Vancouver, and it may well do that.
There are a ton of regulations involved in reverse mortgages, but they are still becoming more and more popular because frankly they can be beneficial. Like any mortgage or loan it is all situational. For some people a reverse mortgage is a great idea and maybe even their best option, but for others it is just a way to incur more debt.
With home prices perpetually climbing higher and with banks continuing to tighten lending standards, more and more people are being pushed into the sub-prime space when applying for a mortgage, which requires higher interest rates and often more stringent repayment terms.
With real estate prices at record highs, housing affordability has quickly become a hot-button topic ahead of next month's federal election. Party leaders have already come forward with various pledges on how to make home ownership feasible for Canadians that have been priced out of the market in major cities across Canada.
With mortgage rates likely about as low as they can go, it may seem like a sure bet to lock into a fixed rate. But homeowners should be focused less on rates and more on the bigger issues of affordability, eligibility and, most importantly, maintaining good credit.
On the surface it seems like a fabulous idea: Carve out a portion of your home, rent it out and use the rental income to pay your mortgage. You get to live basically "rent free" while at the same time reaping the tax benefits of writing off some of the costs associated with accommodating a rental apartment in your home.