Ingrid (Author's Website)

I'm a Toronto Mortgage Broker. My focus is on saving people time and money in financing and re-financing their homes. Am passionate about helping people make informed choices, giving back, and helping to improve financial literacy in Canada.

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Stress test yourself!

November 13, 2017 | By | Add a Comment

Do your own personal stress test There’s been a lot of “blah, blah, blah, waaaah!” about the latest rendition of the mortgage stress test (even from me, I admit it!).  These days, there’s no purchasing power boost if you put more than 20% toward your home purchase rather than 5%…  That’s because everyone putting more than […]

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New mortgage stress test for 2018 – why you might want to buy or refinance *now*

October 20, 2017 | By | 2 Comments

Purchase – or refinance – before the rules change in January If you’re looking to buy with a down payment of more than 20 percent, or if you’re considering refinancing, then you might want to do so before January 1st.  Why?  On October 17, the Office of the Superintendent of Financial Institutions (OSFI) released new […]

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Fixed or variable rate mortgage: which is better?

October 9, 2017 | By | Add a Comment

Fixed or variable rate mortgage: is rate the only thing to look at? One of the biggest questions you’ll face when planning your mortgage, is whether to lock in to a fixed rate or choose a variable rate mortgage. Currently, the 5 year fixed rate is around 3.44%, give or take a bit. You can […]

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Difficulty making mortgage payments?

October 2, 2017 | By | Add a Comment

Sometimes unforeseen financial circumstances can impact your ability to make your regular mortgage payments. Or perhaps your debt demons have been caused by taking on too much other high-interest debt. It can be tempting to want to conceal your debt problem for as long as possible. But that’s almost never the best strategy. With early […]

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Which mortgage features are most important?

September 5, 2017 | By | Add a Comment

It’s easy to look online for a mortgage rate. But most mortgages vary only slightly on that. So how do you decide which mortgage is best for you? Rate is only one aspect of saving money on your mortgage over the long term. It’s essential that you also consider mortgage features. Here are the big […]

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Do you look like the next generation of homebuyers?

August 14, 2017 | By | Add a Comment

First-time homebuyers survey This past June, Mortgage Professionals Canada published their survey results on the next generation of homebuyers – adults under the age of 40 who don’t currently own a home, but who expect to own in the near future.  If you’re planning on buying, or help a child get into home ownership, these […]

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After the rate hike…what’s next?

August 8, 2017 | By | Add a Comment

On July 12th, for the first time in seven years, the Bank of Canada increased the overnight rate by .25%, withdrawing some of the stimulus that was needed after the oil price collapse and 2008 financial crisis. Variable rate mortgages and lines of credit will see higher rates and modest payment increases. Fixed-rate mortgages – […]

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Home appraisals… Um, what?

July 30, 2017 | By | Add a Comment

What’s a home appraisal? And why might I need one? These days, when you’re arranging a new mortgage, it’s becoming very common for the mortgage lender to request an appraisal of the property.  People often ask if it’s the same thing as the home inspection.  It’s not. It’s also not the same thing as a […]

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