Mortgage Tips

Mortgage Tips

New Measures to Cool Red-Hot Property Market

The Canadian Real Estate Association (CREA) recently reported that February home sales across Canada rose 5.2 percent on a month-over-month basis to reach a level that’s just 0.8 percent below the highest peak ever seen in April 2016. There have been reports on the likelihood of policy intervention by different levels of government to address [...]

By | 2017-03-23T18:47:42+00:00 March 23rd, 2017|Economy, Mortgage Rules, Mortgage Tips|Comments Off on New Measures to Cool Red-Hot Property Market

Complex mortgage rules boost value of mortgage brokers

   More complex mortgage rules boost the value of mortgage brokers.  The last quarter of 2016 brought considerable change to Canada’s residential mortgage business. In October, the Department of Finance Canada announced new mortgage rules that have had a tempering effect on the market. Then, in late December, the Office of the Superintendent of Financial [...]

By | 2017-02-08T16:10:24+00:00 February 8th, 2017|Mortgage Rules, Mortgage Tips|Comments Off on Complex mortgage rules boost value of mortgage brokers

What the New Mortgage Landscape Means for You

Since the financial and housing crisis that gripped the world in the middle of the last decade, governments across the world have tightened regulations in an effort to reign in lending, and make the market more stable. Here in Canada, we did not suffer the same consequences of the U.S. housing crisis, but over the [...]

By | 2017-01-04T01:02:16+00:00 July 22nd, 2015|Mortgage Tips|Comments Off on What the New Mortgage Landscape Means for You

Debunking Some of the Top Canadian Mortgage Myths

Applying for a mortgage can be a worrying time for those looking to get onto the property ladder. There are countless myths about getting a mortgage in Canada - let’s look some of those myths and the truth behind them. Myth - You need a down payment of at least 25% to be accepted for [...]

By | 2015-07-08T16:44:36+00:00 July 8th, 2015|Mortgage Tips|Comments Off on Debunking Some of the Top Canadian Mortgage Myths

Everything You Need To Know About Renewing Your Mortgage

With mortgage loans considered by banks and customers to one of the safest there is, mortgage loans have traditionally been among the most popular types of loans taken out by people. For that same reason many people choose to renew their mortgages once the term of their previous one has ended. Mortgage renewal is one [...]

By | 2017-01-04T01:02:16+00:00 June 2nd, 2015|Mortgage Tips|Comments Off on Everything You Need To Know About Renewing Your Mortgage

The Advantages of Qualified Mortgage Brokers

Applying for a mortgage is probably one, if not the biggest financial commitments you will ever make. That’s why you need to have the right partner on your side as you search for the best mortgage. Although many people have always turned to their banks for this, working with a mortgage broker is by far [...]

By | 2015-04-21T19:14:55+00:00 April 21st, 2015|Mortgage Products, Mortgage Tips|Comments Off on The Advantages of Qualified Mortgage Brokers

Mortgages for the Self-Employed

In the past, getting a mortgage was relatively easy for self-employed people. However, recent changes on laws governing mortgages has made it more difficult for self-employed individuals to access mortgages even though they may have a higher median net worth than paid employees. Below are some issues self-employed individuals might face when applying for a [...]

By | 2017-01-04T01:02:16+00:00 April 6th, 2015|Mortgage Tips|Comments Off on Mortgages for the Self-Employed

What You Need to Know about Mortgage Refinancing

There are several advantages to mortgage refinancing. Whether you are going through financial hardship and need extra money or simply want to take advantage of lower interest rates, refinancing your mortgage can help. If you are approved for a lower interest rate or switch from an adjustable rate to a fixed one, the savings can [...]

By | 2017-01-04T01:02:16+00:00 March 23rd, 2015|Mortgage Tips|Comments Off on What You Need to Know about Mortgage Refinancing

Renewing a Mortgage

At some point, the term of your mortgage will come to maturity and you will have to decide between renewing your mortgage with the same lender or refinancing with a different lender. Prior to the maturity date, the lender will generally send you a notice advising you that you will be offered a renewal and [...]

By | 2014-08-15T19:19:45+00:00 August 15th, 2014|Mortgage Tips|Comments Off on Renewing a Mortgage

The Advantages of Using a Mortgage Broker

A mortgage is the largest and most complicated investment that most people will make in their lifetime. Given the number of mortgage products and lenders available, it can be difficult to try and navigate through the maze of mortgage options. Hiring a mortgagebroker has many advantages. A competent mortgage broker will help you meet your [...]

By | 2014-06-10T16:05:32+00:00 June 10th, 2014|Mortgage Tips|Comments Off on The Advantages of Using a Mortgage Broker