How can you improve your credit score? Most people don’t check their credit score until they need to borrow money.  Sometimes that can be an issue if you don’t realize there are issues on your credit report till it is too late to fix it. I always recommend you pull your own credit report once […]

What’s up – mortgage rates are rising Hope you are having a good start to the new year. Just an update on a few things that are impacting the market for real estate and financing. First, there continues to be pressure on fixed rates to rise. We have seen rates rise this year and current […]

How to save on income tax and interest if you are self-employed. Many people who are self-employed have experienced challenges to secure mortgage financing through their bank.  They keep their taxable income low to reduce the cost of taxes on their personal tax filing and may keep most of their money in their company.  This […]

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 […]