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YIKES!!!! Do I stay in a variable rate mortgage or convert into a fixed rate term before the rates go up even higher????
Uncategorized / Rates & Terms / Credit / Qualifying / Variable Interest Rates / Mortgage Renewal / Lenders / Broker vs. Bank / Documents / mortgage rule changes / prime rate / mortgage / Stress Test

YIKES!!!! Do I stay in a variable rate mortgage or convert into a fixed rate term before the rates go up even higher????

Definition of a decision- A choice made between alternative courses of action in a situation of uncertainty. Even with 35 years of mortgage experience, I am confused as to how to answer this question because the economists seem to all have different opinions about what is going to happen with the rates and let’s face … Continue reading

Now, more than ever, you need a Mortgage Broker on speed dial!
Broker vs. Bank / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Helpful Tools / Income / Lenders / Market Updates / mortgage / Mortgage Renewal / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rules / Uncategorized

Now, more than ever, you need a Mortgage Broker on speed dial!

Whether you’re looking to buy your first home or refinancing your rental property, the mortgage landscape is far different than it used to be due to all of the mortgage changes. Based on many years of mortgage underwriting experience while working with the banks for 20 years and as a Mortgage Broker for the last … Continue reading

Does your Business need equipment?
Business cash flow / cash-flow / Credit / credit help / Debts / Equipment leasing / Inventory financing / Leasing / Leasing turn down / merchant advance / Qualifying / Rules / Uncategorized / unsecured loans / working capital

Does your Business need equipment?

Does your business need equipment? Purchasing new equipment places heavy demand on available capital. By leasing equipment, you can keep your cash reserves and credit lines open. Leasing comes out of the operating budget, making it possible to invest working capital where it’s needed most. The result is increased efficiency and productivity and a healthier … Continue reading

Have questions about the most recent announced mortgage change?
Downpayment / Helpful Tools / Insurance / Lenders / Market Updates / mortgage / mortgage rule changes / Purchase / Qualifying / Refinance / Rules / Stress Test / Uncategorized

Have questions about the most recent announced mortgage change?

The MortgageGirl has answers! Once again, the Office of the Superintendent of Financial Institutions (OSFI) recently introduced new rules on mortgage lending to take effect January 1,2018. OSFI is setting a new minimum qualifying rate, or stress test, for uninsured mortgages (mortgages with down payments of 20% or greater than their home price). There has … Continue reading

Six helpful tools that can become money traps!
Credit / credit help / Debts / Downpayment / Helpful Tools / Purchase / Uncategorized

Six helpful tools that can become money traps!

We all want to be better money managers and Canadians, and for the most part, we are pretty good at it. Then an offer comes along that you can’t resist and before you know it, that great offer or tool that was once helping you, has become a trap. Credit cards. For some of us … Continue reading