Mortgage Renewal / New to Canada / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Fixed Rate vs. Variable Rate

It’s the age-old question that every mortgage professional will hear many times in their career. With the exception of the last year or so when fixed rates were at an all time low, I have always preferred variable rate terms over fixed.  And given the recent significant increases in the fixed term rates I am … Continue reading

Documents / Income / Mortgage Renewal / Purchase / Qualifying / Refinance / Rental Properties

Qualifying for a mortgage while you’re self-employed

There is no denying that the mortgage borrowing landscape is changing. One of the product lines that saw repeated revisions was the self-employed mortgage niche.  In the mortgage world, you are self-employed if you own a portion or all of the business you derive your income from. Self-employed status can also include contract employees who … Continue reading