Debts / Downpayment / First Time Home Buyer / Insurance / New to Canada / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

This or That

Deciding is hard, here’s help! We often receive inquiries from potential borrowers just looking for some preliminary pointers about all of the mortgage options available to them. We usually start out with a discussion about their specific mortgage requirements and home ownership goals as nothing replaces a custom solution. However, if they are not really … 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

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