As the world pandemic continues, Canada and especially Manitoba are leading in flattening the curve.  However, the slowing of the economy has been felt in the number of businesses closed and people filing for employment insurance. This is leaving many mortgage holders and first time homebuyers in the lurch.  Should they defer payments, refinance, sell […]

Why Are Mortgage Rates Rising? Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have reduced prime rates by the full 150 basis points (bps). But, since the second Bank of […]

What To Do In Today’s Mortgage Market For the past few weeks we have been trying to give tips and advice to navigate the global pandemic. The most important thing is safety. Please stay home, please wash your hands, please wear a mask when going out of your house. Designate one grocery shopper. Call the […]

All-in-one mortgages are an amazing tools for people who like to pay their mortgage down fast and save tens of $1,000s of dollars in interest. Manulife One lets you consolidate your debts to reduce your borrowing costs. Your Manulife One account allows you to consolidate all of your debts (loans, credit cards, etc. – up […]

  COVID-19 UPDATE: While we are all in disbelief, the world must go on.  Last week we fielded over 200 inquiries regarding mortgage options and deferred payments.  As usual,  everyone has jumped the gun. The government, the banks, our lenders have all announced up to 6 month mortgage deferrals.   How does one qualify?  How many […]

Wow! What a couple of weeks. As covid-19 continues to spread throughout the world and the markets and economy are facing impending turmoil everyone is left wondering what’s going to happen and what is the best thing to do? Unfortunately, we don’t have all of the answers. However, in an attempt to do our very […]

Getting the best interest rate is the most important aspect of getting a mortgage, right? If you answered YES, this article was written just for you. The rate is very important and this article is going to illustrate the math and savings one can achieve with using a mortgage professional. Before we get into the […]

The Bank of Canada Brings Out The Big Guns Following yesterday’s surprise emergency 50 basis point (bp) rate cut by the Fed, the Bank of Canada followed suit today and signalled it is poised to do more if necessary. The BoC lowered its target for the overnight rate by 50 bps to 1.25%, suggesting that […]

  Closing Costs Explained. Closing costs are one of the largest variables for new home buyers, especially first time home buyers. All three mortgage insurers require that the clients have their down payment saved + an additional 1.5% of the purchase price for closing costs.   The problem with this is, that closing costs are usually […]

  Credit Scores & Credit Reports & How They Affect Your Mortgage Application. A good credit score is one of the most important pieces of a successful mortgage application.   As Mortgage Professionals, we always request a full credit report at the time of application.  This allows us to: Check the credit score. Identify any potential […]