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Fixed vs. Variable: Mortgage Rate Predictions for 2019!

In the fall of 2018, many economists predicted that the Bank of Canada would increase interest rates 3 or 4 times in 2019, but that’s no longer the case! The global economy appears to be slowing and rarely do central banks increase rates when an economy is struggling. RBC recently announced a reduction in their five-year […]

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Reasons to Get Pre-Approved

What is a mortgage pre-approval? In a nutshell, a mortgage pre-approval is written assurance from a lender or broker that you’re able to borrow money to purchase a home up to a certain amount. It’s based on the income, employment and asset documentation you supply at the time of application, in conjunction with your credit […]

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Become a Home Owner in 4 Simple Steps!

Step 1 : Connect with a mortgage broker. It’s a great idea to connect with a broker because they: Have access to over 50 banks and lending institutions Save you time by shopping around to get you the best products Provide you with a mortgage solution that meets your needs Step 2 : Select your […]

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Take advantage before mortgage rates hike!

Brokers will have a leg-up on the competition – at least for the next few weeks – and should look to take advantage. Monoline rates will definitely increase in the near future … but until then brokers will benefit from RBC and other banks increasing their own rates. Once a lot of monoline business comes in, […]

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Market Update: June 1, 2015

Interest rates remain squarely in the crosshairs of market watchers. The latest, very weak, GDP numbers have even casual observers perking up over the prospect of another Bank of Canada rate cut. The 0.6% contraction in first quarter GDP is significantly worse than forecast, but it was not wholly unexpected. Bank Governor Stephen Poloz had […]

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Refinance & Save

Refinance and $ave! Keep your money where it belongs.. in your wallet. Call us now to calculate your $avings! By consolidating all of your debts and refinancing at a lower rate you can minimize your monthly payments. Not only are you paying less, you can also receive CASH IN HAND to renovate, to invest or to vacation. A $50,000 Equity […]

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New CMHC Premium Rates

  Standard Premium (OLD) Standard Premium (Effective May 1st, 2014) 15% Down Payment 1.75% 1.80% 10% Down Payment 2.00% 2.40% 5% Down Payment 2.75% 3.15%   Self Employed:   Old Premium Current Premium (Effective May 1st, 2014) 15% Down Payment 3.35%* 6.35% * 10% Down Payment 5.45%* 8.05% *   For any further questions or […]

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CMHC Changes: May 1 2014

As some of you are aware by now, CMHC has announced its discontinuation of 2 major products on Friday:1)    CMHC Second Home Financing 2)    CMHC Self-Employed Without Traditional Third Party Validation of Income   Please find below some very useful Questions and Answers from CMHC concerning their decision, and what it means. CMHC Discontinuation of Second Home Product Questions and Answers for Industry Partners1)    Does this […]

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