WHAT TO DO IF YOU’RE DENIED A HELOC ??- Check this out !! The COVID-19 crisis has undoubtedly thrown a wrench into a lot of people’s finances. Many have seen a drop in income because their investments have lost value, while others may need to supplement their cash flow in order to help out family […]

WHAT TO DO IF YOU’RE DENIED A HELOC- Check this out !! The COVID-19 crisis has undoubtedly thrown a wrench into a lot of people’s finances. Many have seen a drop in income because their investments have lost value, while others may need to supplement their cash flow in order to help out family or […]

CMHC MAKES IT HARDER TO QUALIFY FOR AN INSURED MORTGAGE – Check this out !! CMHC Makes It Harder To Qualify For An Insured Mortgage Once again, the Canadian Mortgage and Housing Corporation (CMHC) is tightening the criteria to get a mortgage with less than a 20% down payment. Any potential home buyer with less […]

7 MISCONCEPTIONS ABOUT REVERSE MORTGAGES- Check this out !! The Top 7 Misconceptions About Reverse Mortgages How much do you really know about reverse mortgages? Maybe you know that reverse mortgages can help Canadians 55+ access the equity in their home, tax-free. Maybe you know that tens of thousands of Canadians are using a reverse […]

Check this out !! Virus Anxiety and The Canadian Housing Market As though things weren’t volatile enough, a new wave of virus terror is wreaking havoc on global financial markets. The novel coronavirus, COVID-19, continues to spread causing panic in worldwide stock and bond markets for the seventh day. Share prices have plummetted in Asia, Europe, the […]

MORTGAGE RENEWALS WITH THE SAME LENDER ARE ON THE RISE, BUT SHOULD YOU JUST SIGN ON THE DOTTED LINE? If you’re in a mortgage that’s coming up for renewal in the coming months and you’re considering just staying with your current lender, you wouldn’t be alone. According to the Canadian Mortgage and Housing Corporation’s (CMHC) […]

Check this out !! Minister Morneau Announces New Benchmark Rate for Qualifying For Insured Mortgages The new qualifying rate will be the mortgage contract rate or a newly created benchmark very close to it plus 200 basis points, in either case. The News Release from the Department of Finance Canada states, “the Government of Canada […]

HOW TO VERIFY YOUR DOWN PAYMENT WHEN BUYING A HOME?? Check this out !! Saving for a down payment is one of the biggest challenges facing people wanting to buy their first home. To fulfill the conditions of your mortgage approval, it’s all about what you can prove (hard to believe – but some people […]

5 MISTAKES FIRST TIME HOME BUYERS MAKE Buying a home might just be the biggest purchase of your life—it’s important to do your homework before jumping in! We have outlined the 5 mistakes First Time Home Buyers commonly make, and how you can avoid them and look like a Home Buying Champ. 1. Shopping Outside […]

PAYMENT FREQUENCY MORTGAGE PAYMENT FREQUENCY- Chk this out !!   One of the decisions you will need to make before your new mortgage is set up, is what kind of payment frequency you would like to have. For many, sticking to a monthly payment is the default, however, different frequencies may end up saving you […]