Category: Refinance

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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Mortgage approval strategies can help make your dream a reality

March 22, 2017 | By | Add a Comment

You can improve mortgage qualifying success Yes, new mortgage rules have made it harder to qualify for a mortgage, whether you are a first-time buyer or looking to renew or refinance your mortgage with a new lender. That’s why you should get yourself mortgage ready well in advance.  Here are 5 tips to help you […]

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Understanding mortgage rates

March 9, 2017 | By | Add a Comment

This is why mortgage rates are suddenly way more complicated If you’ve been shopping for a mortgage lately, you’ll have figured out that rates can be all over the map. That’s because you’re not comparing apples to apples anymore. Thanks to new mortgage rules, the mortgage pricing matrix is much more complicated, and quick online […]

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9 tips for surviving the Toronto housing market this year

January 1, 2017 | By | Add a Comment

Toronto housing market survival tips  Our hot Toronto housing market is so often a topic of conversation these days. Everyone is wondering when is the right time to buy or sell, if the trend of increasing house prices will continue. If you’re wondering how to survive without dishing out a lot of cash, check out […]

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Going, going, gone! [New mortgage rules and conventional mortgages]

October 17, 2016 | By | Add a Comment

Down payment of 20% plus?  New mortgage rules that affect you With all the media hubbub recently, you probably know that the Canadian finance minister announced stringent new mortgage rules on October 3, 2016.   If you are looking to buy a new home or refinance, you maybe be affected, even if you have 20% down or […]

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Is the bi-weekly mortgage payment always better?

March 21, 2016 | By | Add a Comment

The mystique of the bi-weekly mortgage payment I met with clients over the weekend to do some mortgage planning. They’re buying their first home, and they had lots of great questions about lender options, how to decide between a variable rate or fixed rate mortgage, and the mortgage process. Then they said something I’ve heard clients […]

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Why mortgage brokers like monoline lenders (and you should, too!)

February 29, 2016 | By | Add a Comment

Monoline mortgage lenders – offering mortgage choice Finding a perfect mortgage is like finding the perfect home. It’s an important decision that requires a lot of shopping around. That’s where we mortgage brokers come in. We’re a one-stop shop, with access to over 50 of Canada’s leading lenders. We don’t just work with the major banks; […]

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