Stay or Go? Considering a move?
Stay or Go? Tough call... Sometimes making the decision to move can be for reasons other than NEEDING to relocate. When it might be a good idea to stay make a move: - You've outgrown your current home (or maybe your children have left your home and it's time to...
What you need to know about Title Insurance
Title insurance protects the lender and homeowner against a number of risks related to the property’s title or ownership. From the point of view of most lenders, the main coverage is fraud. With identity theft on the rise, it is not difficult for a fraudster to obtain...
Should I accept my Lenders renewal offer?
It's up to you to act at renewal time. Your current Lender may not be providing you with the best rates on the market at renewal time. If your mortgage is up for renewal in the next 120 days, I can hold today's rates until you can switch your lender without penalty....
Does a Rental Suite increase buying power?
Short Answer? YES! Purchasing a property with an income suite does increase your buying power. The size of your mortgage is dependent upon your income's ability to service the debt. Having an additional income stream - AKA a tenant - boosts your affordability....
Why get Pre-Approved for your Mortgage?
Buying a home is likely your largest investment, and most of us aren’t paying for the whole thing up front in cash. When you get a mortgage pre-approval, you’re able to set your budgetary limits and make sure that any home you’re looking at is a home that you...
Protect your Largest Asset
When it comes to Home Insurance, do you know what to ask your Insurance Agent? Be sure to ask the right questions when shopping for Home Insurance. If you ever need to make a claim, you want to be sure you have the right coverage! 1) Are there limits to my coverage?...
New rules will target HELOCs or reverse mortgages in excess of 65% of house’s value
Canada's top banking regulator is changing the rules that cover certain types of home loans to make sure that lenders and borrowers are able to stay on top of their obligations at a time when the country's housing market is looking vulnerable. The Office of the...
The benefits of owning a second home
The idea of buying a second property used to be reserved for those who were well-heeled. That's not the case anymore. Whether it’s used as a vacation property, a rental property, or to prepare for retirement, more and more middle-class Canadians are purchasing...
How the mortgage stress test is impacting qualification amounts
As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for, and it’s all because of a rift in the space-time stress test continuum. You see, most 5-year fixed mortgage rates are already over 5%,...
The Latest in Mortgage News: Bond yields soar higher, fixed mortgage rates expected to follow
Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising. As we reported last week, the Government of Canada 5-year bond yield was already on its way up, crossing the 3.20% threshold. Well, on...
Stay or Go? Considering a move?
Stay or Go? Tough call... Sometimes making the decision to move can be for reasons other than NEEDING to relocate. When it might be a good idea to stay make a move: - You've outgrown your current home (or maybe your children have left your home and it's time to...
What you need to know about Title Insurance
Title insurance protects the lender and homeowner against a number of risks related to the property’s title or ownership. From the point of view of most lenders, the main coverage is fraud. With identity theft on the rise, it is not difficult for a fraudster to obtain...
Should I accept my Lenders renewal offer?
It's up to you to act at renewal time. Your current Lender may not be providing you with the best rates on the market at renewal time. If your mortgage is up for renewal in the next 120 days, I can hold today's rates until you can switch your lender without penalty....
Does a Rental Suite increase buying power?
Short Answer? YES! Purchasing a property with an income suite does increase your buying power. The size of your mortgage is dependent upon your income's ability to service the debt. Having an additional income stream - AKA a tenant - boosts your affordability....
Why get Pre-Approved for your Mortgage?
Buying a home is likely your largest investment, and most of us aren’t paying for the whole thing up front in cash. When you get a mortgage pre-approval, you’re able to set your budgetary limits and make sure that any home you’re looking at is a home that you...
Protect your Largest Asset
When it comes to Home Insurance, do you know what to ask your Insurance Agent? Be sure to ask the right questions when shopping for Home Insurance. If you ever need to make a claim, you want to be sure you have the right coverage! 1) Are there limits to my coverage?...
New rules will target HELOCs or reverse mortgages in excess of 65% of house’s value
Canada's top banking regulator is changing the rules that cover certain types of home loans to make sure that lenders and borrowers are able to stay on top of their obligations at a time when the country's housing market is looking vulnerable. The Office of the...
The benefits of owning a second home
The idea of buying a second property used to be reserved for those who were well-heeled. That's not the case anymore. Whether it’s used as a vacation property, a rental property, or to prepare for retirement, more and more middle-class Canadians are purchasing...
How the mortgage stress test is impacting qualification amounts
As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for, and it’s all because of a rift in the space-time stress test continuum. You see, most 5-year fixed mortgage rates are already over 5%,...
The Latest in Mortgage News: Bond yields soar higher, fixed mortgage rates expected to follow
Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising. As we reported last week, the Government of Canada 5-year bond yield was already on its way up, crossing the 3.20% threshold. Well, on...