Today’s blog is brought to you by our wonderful Colleague in BC Angela Calla. Mortgage rule changes has been tough as our government braces for future economic recessions. We cannot stress enough the importance of at least getting an opinion from a qualify mortgage professional. Many times we have better rates, terms, policies and strategies […]

Getting a mortgage these days is a very document intensive endeavour. As new mortgage regulations are mandated, it is our job as mortgage professionals to ensure that all of our clients documentation is in order. This includes verifying income, down payment, ID and Credit to new federal standards. Our colleague Kiki Berg goes into more […]

RISING INTEREST RATES AND THE IMPACT ON REAL ESTATE VALUES Rising Interest Rates and the Impact on Real Estate Values. Is there a direct connection? In a post entitled Interest Rates and Property Values. What’s the Connection?, I suggested that there was. An example was given which suggested that mortgage lenders would be directly impacted […]

Having built our home in 2014, these tips will help any propective client wanting to build their home. If you are doing a construction draw mortgage, call me. I have done 100s of mortgages and have gone through the process myself. enjoy today’s blog! TOP 5 THINGS TO CONSIDER WHEN BUILDING YOUR NEW HOME Building […]

As you may have heard me harping before. The new mortgage rules are hurting Canadians purchasing power and not-to-mention their home ownership dreams. Credit managements is paramount when do in a mortgage application. Lender like to see small amounts owed, good credit tenure as well as excellent credit managements. Today’s blog talks about what the […]

With Canadian’s household debt at an all time high, and mortgage financing rules the most difficult since I have been in the industry it is really important that now, more than ever, that Canadians take a hard look at their finances and house hold budgets. There are still many tools at your mortgage broker’s disposal […]

REFINANCING IN 2018 Recently there were changes to the mortgage rules yet again, and one of the rule changes was regarding refinancing your home. At one point in the last 10 years you could refinance your home all the way back up to 95% of its current value, which in many cases has put that […]

WHAT ARE ACCELERATED PAYMENTS? An accelerated payment is a mortgage payment that is increased slightly so that you can pay off your mortgage faster. There are two common types of accelerated payments: bi-weekly and weekly. Of the two, bi-weekly is the much more common choice because it matches with pay dates more often. An accelerated […]

MAKING SMARTER DOWN PAYMENTS Mortgage Insurance Premiums. Many people know what they are- an extra cost to you the borrower. But not many people realize how they are calculated. Understanding the premium charges and how they are calculated will help lead you to making smarter down payments. 5%- 9.99% down payment of a purchase price […]

4 SIGNS YOU’RE READY FOR HOMEOWNERSHIP While most people know the main things they need to buy a home, such as stable employment and enough money for a down payment, there are a few other factors that may help you realize you’re ready, perhaps even earlier than you thought! As a mortgage broker, it is […]