Insurance / Lenders / Market Updates / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Mortgage Insurance Premiums are Increasing

What you need to know An announcement last week made by Canada Mortgage and Housing Corporation (CMHC) advised the mortgage insurance premiums will be increasing effective May 2014. This week, I want to highlight how those changes will affect a potential borrower looking for new financing. Although the updated premiums are expected to have a … Continue reading

Broker vs. Bank / Credit / Documents / Insurance / Lenders / Market Updates / Mortgage Renewal / Pre-Payment / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties

Does your mortgage need a check-up?

Rates are on the rise, more mortgage rule changes may be coming and home sales have slowed down. There are multiple reasons which may warrant an audit of your existing mortgage details. Take the quiz below to determine if you need to consult a mortgage professional about a mortgage check-up. 1.     Is your … Continue reading

Credit / Documents / Lenders / Market Updates / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance

Mortgage Rule Changes: A year later

Then, Now & How  July 2013 marked the 1-year anniversary on Minister of Finance Flaherty’s fourth round of mortgage rule changes in as many years. The motivation behind the rule changes were likely to reduce our exposure to a possible housing market bubble and also to reign in a growing consumer debt trend. At the … Continue reading