Uncategorized

Uncategorized

Time to Refinance

With 2018 behind us, many clients have set goals for themselves to clean up their financial health and enter this New Year debt and stress free. Lenders have begun to reduce their fixed rates as bond yields have fallen in the early weeks of 2019.   Refinance can mean different things to everyone. Here are [...]

By |2019-01-23T12:56:54-04:00January 23rd, 2019|Uncategorized|0 Comments

5 Reasons to House Hunt this Winter

Move over, summer real estate market: An increasing number of Canadians, including first-time home buyers, are turning to winter house hunting. Here are five reasons why the off-season may be the most magical time of the year...to buy your first home!   There's less competition Between travel, holiday planning, end-of-year demands at work and a [...]

By |2018-11-15T09:33:53-04:00November 15th, 2018|Uncategorized|Comments Off on 5 Reasons to House Hunt this Winter

CMHC MOVES TO MAKE IT EASIER FOR SELF – EMPLOYED TO GET A MORTGAGE

SOURCE: CBC.CA/NEWS People who work for themselves are often hampered in the mortgage market because income is variable and unpredictable. Self-employed Canadians seeking to buy a home may soon find it easier to secure a mortgage after changes announced by Canada Mortgage and Housing Corp. CMHC said self-employed people make up about 15 per cent [...]

By |2018-09-13T12:52:42-04:00September 13th, 2018|Uncategorized|Comments Off on CMHC MOVES TO MAKE IT EASIER FOR SELF – EMPLOYED TO GET A MORTGAGE

After the Hike: Fixed or Variable?

Steve Huebl, https://www.canadianmortgagetrends.com/2018/07/after-boc-rate-hike-fixed-or-variable/, July 13, 2018   It’s the perennial question homebuyers ask themselves and one that’s getting a lot of attention these days: should I go fixed or variable? And the answer may have just become a little more complicated now that the Bank of Canada (BoC) has raised its overnight target rate to [...]

By |2018-07-18T12:08:13-04:00July 18th, 2018|Uncategorized|Comments Off on After the Hike: Fixed or Variable?

WHAT IS A PRIVATE MORTGAGE AND WHEN DOES IT MAKE SENSE?

SOURCE: STEVE HUEBL With increasingly stricter mortgage regulations and qualification requirements being introduced by the government, Private Mortgages are growing in popularity. For those having trouble qualifying for a traditional mortgage a Private Mortgage can be an alternative solution. Private lending accounted for approximately 4-5% of Canada’s overall mortgage market in 2015, according to data [...]

By |2018-05-09T12:05:20-04:00May 9th, 2018|Uncategorized|Comments Off on WHAT IS A PRIVATE MORTGAGE AND WHEN DOES IT MAKE SENSE?

Parents Helping Their Children Buy Homes

  SOURCE: DAN YURMAN For parents who have the means to help their kids buy a home in today's pricey environment, gifting money towards a down payment is one of the best ways to do it. In February 2018, the Financial Post ran a story about adults still living with their parents. The figures are [...]

By |2018-04-27T09:35:20-04:00April 27th, 2018|Uncategorized|Comments Off on Parents Helping Their Children Buy Homes

Mortgage Lingo Defined

Getting a mortgage can be a daunting task. There is so much to know and understand including some pretty confusing language. Borrowers are often confused by mortgage terminology, so in an effort to keep you educated we welcome you to the monthly edition of Mortgage LINGO defined. LENDER TYPES PRIME LENDER "A" A lender that [...]

By |2018-04-26T13:27:51-04:00April 26th, 2018|Uncategorized|Comments Off on Mortgage Lingo Defined