Fixed rates continue to rise. My last blog post posed the likelihood of rates rising and a subsequent post  as rates started to rise at the end of February and have continued to trend up little by little.  This is due to the bond yield shifting up dramatically in the past few weeks. I had […]

With all the heat in the current real estate market in Canada could it change and could interest rates rise in 2021? I can’t speak specifically to the prices for homes and the shift for people moving to outlying areas – that is a good discussion for you and your realtor.  However, the low interest […]

Saving your credit during COVID-19 is an important thing to consider as we move through the pandemic to the other side. Consulting with your independant mortgage broker will help you every step of the way to ensure you are receiving the guideance you need to protect your credit history. During this time consumers have chosen […]

Retire earlier – say what? Whether you are 40,50 or over 60 it is never too early to ask this question and consult with your professional advisors (accountant, financial planner and mortgage broker) to make an informed plan of action. Sometimes you simply don’t know what you don’t know. There is more than one way […]

Will Deferring Your Mortgage Impact Your Ability to Borrow? In April 2020 all Canadian lenders offered home owners the ability to defer their mortgage payments for up to 6 months due to COVID-19.  Some borrowers chose to do this without considering other options, the consequences or the question will deferring your mortgage impact your ability […]

Do the new CMHC rules matter? Canada Mortgage and Housing (CMHC) announced changes to the rules for high ratio buyers this week. But these new rules with CMHC for first time buyers mean little change for many. Effective July 1st CMHC will no longer insure mortgages for buyers with a credit score lower than 680 […]

Options for mortgage payment deferral during COVID-19. With the announcement in March that the big banks will allow deferral of mortgage payments for 6 months an influx of people applied for this option.  In times likes this we sometimes make decisions without a full review.  There is no better time to consult with your professional […]

Peace of mind with your mortgage and up to 3% Cash Back.  Now wouldn’t that be nice if it were true.  But wait it is true. With rates as low as 1.79%  year fixed it’s worth taking a look! If you are a home buyer looking for options to make a purchase this might be […]

What happens to your variable rate mortgage payment when the Prime rate changes?  .  Not all lenders have the same policy.  Some lenders will lower your payment to match the rate reduction. While others will not make the change and keep payments the same. You should be clear on the answer to this question if […]

Please see details below for the unified strategy for home buyers financing now till Sept 30th 2020. If you have any questions or clients who need assistance, I am here to help.   INSURED/INSURABLE & UNISURABLE PURCHASE (30yr/$1M+) DEALS – unified strategy from insurers:   In light of the current environment related to COVID-19, we […]