Today’s blog comes from our colleague Chris Cabel. Education is a must, getting your mortgage by yourself through an online brokerage or even through your bank is so risky on many levels! Getting a mortgage used to be a sales process. All the lenders sort of offered the same thing, and rate was usually your […]

The past few weeks have been great ones for mortgage brokers. Noting better, than telling your clients that their rates are going down. It seems that 2019 will be a year of decreases instead of the predicted increases. Enjoy today’s BLOG! INTEREST RATE CUT MORE LIKELY THAN HIKE IN 2019 When the Bank of Canada […]

Have questions about the new housing initiatives offered in the 2019 fiscal plan? We have answers. Please read DLC’s Chief Economist’s interpretation of the news. Enjoy the blog…. FEDERAL BUDGET 2019–ACTIONS FOR HOMEBUYERS In its fourth fiscal plan, the Trudeau government spent its entire revenue windfall leaving the deficit projection little changed. In this election […]

Our Blog today comes from our colleague Kevin Carlson. In my opinion, he is quite correct in not blaming the mortgage stress test for the woes of Canadian Home owners. Consumer credit is too easily accessible and I would make an argument that mortgage qualification guidelines apart from the stress test need to be changed. […]

Today’s BLOG comes from our Our House Magazine. My unbiased opinion *wink*, is that everyone should use a mortgage broker. Even if it just to get a second opinion. A good mortgage broker will tell you the truth if your bank has a good offer or explain why their own offering may be better! Enjoy […]

Today’s BLOG is full of great information. To Co-sign or Not to Co-sign. Co-signing a mortgage these days is a tremendous decision and responsibility. Many of our clients seem to think that if they simply get a co-signer that all will be well. That, simply isn’t the case. It is really important to understand the […]

There are a lot of misconceptions about mortgages today. How much do I need as a down payment? The Zero down payment mortgage of the past no longer exists. How it used to work, was a lender would give you 7% Cash Back from the mortgage proceeds which used to be allowed for the down […]

Going through a divorce doesn’t mean you have to split from your home When we tie the knot with our soulmate, we assume it’s going to be forever. It’s pretty much written in the vows. Unfortunately not all marriages have fairytale endings. In fact, a very significant amount of marriages in Canada end in divorce. […]

QUALIFIED TO MAKE SURE YOU QUALIFY – OUR HOUSE MAGAZINE If you need open-heart surgery, you want to be sure the doctor in the operating room knows what they’re doing. You want to know they’ve got the professional education, skills and experience to carry out the life-saving procedure. You would expect nothing less from the […]

Your credit score today is SOOOOO important when applying for your mortgage. Mortgages today are more of a planning process that a transaction. As a mortgage broker, I have been predicting this change for a while. Time after time, I find my clients getting insufficient advice from their bank or credit union. The tiniest and […]