Mortgage

Mortgage

Canada’s Housing Market: Slow and Steady Wins the Race

Canada’s Housing Market: Slow and Steady Wins the Race Following the federal government’s latest mortgage requirements, the Canadian housing market has seen a dramatic downturn in sales. Over the past few months, cities such as Barrie, Toronto, and Vancouver have gone from having houses sell within 24 hours to houses sitting for weeks - in [...]

By | 2018-10-30T17:59:17+00:00 October 30th, 2018|Economy|Comments Off on Canada’s Housing Market: Slow and Steady Wins the Race

Your mortgage is about to get more expensive

The Bank of Canada raised its benchmark interest rate to 1.25 per cent Wednesday and signaled that, barring certain risks, more hikes are likely in the rest of the year. That’s creating an unusual situation for Canadians: for the first time in years, those renewing mortgages will be faced with higher rates and an increase in [...]

By | 2018-01-20T15:41:38+00:00 January 20th, 2018|Economy|Comments Off on Your mortgage is about to get more expensive

What you need to know before buying a home

Many first-time home buyers are surprised to discover just how many ways you can mess up the home financing when buying a home. You may received your pre-approval, found a home you loved and made an offer. But if you want to avoid messing up the transaction, you will need to be extremely careful until the sale [...]

By | 2017-12-07T19:21:59+00:00 December 7th, 2017|Mortgage Tips|Comments Off on What you need to know before buying a home

Sky Financial Corporation Helps Consolidate Debt Even With Bad Credit

Finding the best debt relief solution is not always a simple task for consumers who are far behind in their mortgage and credit card payments. The key to a successful financial solution is to understand your options.   Sky Financial Corporation allows holders of private loans to manage repayment by combining their eligible loans into [...]

By | 2017-01-04T01:02:17+00:00 February 27th, 2014|Debt management|Comments Off on Sky Financial Corporation Helps Consolidate Debt Even With Bad Credit

Mortgage News – Condo buyers feel the pinch

Condo buyers feel the pinch Tightened lending guidelines are particularly affecting one type of homebuyer in major cities, according to one broker. “In my marketplace … we are surrounded by so many condos, and a lot of our clients trying to purchase with bad credit are having a tough time,” said Phil Edwards, “They put [...]

By | 2017-01-04T01:02:17+00:00 February 20th, 2014|Newsletters|Comments Off on Mortgage News – Condo buyers feel the pinch

Mortgage Newsletter

CMHC cutbacks announced The budget announcement quietly slipped in changes to government-backed mortgage insurance, including reductions to the amount of new guarantees CMHC will provide. “The Government continues to adjust the housing finance framework to restrain the growth of taxpayer-backed mortgage insurance and securitization,” the budget report states. “These measures will support the stability of [...]

By | 2017-01-04T01:02:17+00:00 February 19th, 2014|Economy|Comments Off on Mortgage Newsletter

How to Get a Mortgage With Bad Credit

You had a few financial setbacks when life’s speed bumps tripped you up, but now you’re on the right path and are ready to take the leap into home ownership. The only problem is: you’re not sure if your pesky credit history is going to prevent a lender from giving you a mortgage loan. The [...]

By | 2014-02-19T02:35:23+00:00 February 19th, 2014|Credit Bureau|Comments Off on How to Get a Mortgage With Bad Credit

Before selling your home

Before you start making repairs, before selling your home or marking dates on your calendar for an open house, it's smart to prepare a home selling plan. Of course, you want top dollar, but you could make costly home selling mistakes along the way if your enthusiasm for quickly selling causes you to run out [...]

By | 2017-01-04T01:02:18+00:00 February 16th, 2014|Home Tips|Comments Off on Before selling your home

New Immigrants – Buying your first home.

GETTING PRE-APPROVED BEFORE SHOPPING It’s a good idea to sit down with your mortgage broker/ specialist to discuss your needs and get mortgage pre-approval.  Pre-approval means that your lender commits to giving you a mortgage up to a specified amount, at certain terms and conditions, including the interest rate. This commitment will be valid for a [...]

By | 2017-01-04T01:02:18+00:00 February 10th, 2014|Uncategorized|Comments Off on New Immigrants – Buying your first home.

Advice for credit challenged clients

In today’s economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there’s no doubt that many people may not fit into the traditional banks’ financing boxes as easily as they may have just a year ago. Your best solution is to consult your mortgage agent to determine whether your [...]

By | 2017-01-04T01:02:18+00:00 December 13th, 2013|Credit Bureau|Comments Off on Advice for credit challenged clients