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The Recent Bank of Canada Rate Increase- one broker’s thoughts

\ What about this recent Bank of Canada Interest Rate Increase? If your discount from Prime -which is now now 3.20%- is 0.50% or deeper – then the variable rate product remains a really great place to be.   If your discount from Prime is 0.25% or less, then depending on which lender you are [...]

By | September 11th, 2017|Uncategorized|Comments Off on The Recent Bank of Canada Rate Increase- one broker’s thoughts

clarity- mortgage financing for purchase transactions

  A simple mortgage application This post will be of interest primarily to the First Time Home Buyer & newer Realtors.  Most Realtors will request that clients be pre-approved for financing before showing them properties, let alone writing offers. This is absolutely a realistic stance for a Realtor to take. Over the past few years [...]

By | August 21st, 2017|Uncategorized|Comments Off on clarity- mortgage financing for purchase transactions

The Truth about mortgage pre-approvals

Are we Pre-Approved? Not what you might think it means… Many clients think that having a mortgage pre approval puts them in a position to write offers on properties without inserting a ‘subject to receiving and approving financing’ clause in their contract. Nothing could be further from the truth. Being ‘pre-approved’ can all too easily create a false [...]

By | August 21st, 2017|Uncategorized|Comments Off on The Truth about mortgage pre-approvals

Lawyer Vs Notary- What is the difference?

  LEGAL REPRESENTATION IN REAL ESTATE Every real estate transaction, whether buying or selling a home, involves contracts and legal elements. We HIGHLY suggest using legal representation to review contracts, prepare necessary documents and ensure a smooth transaction. The cost is comparatively low (approximately $1000) considering the support and security that having a professional on [...]

By | May 19th, 2017|Uncategorized|Comments Off on Lawyer Vs Notary- What is the difference?

Your Mortgage is a Blank Canvas

Forget what you thought you knew about qualifying for a mortgage. The reset button has been pressed, the game has changed, and everyone is starting with a clean slate. The most recent government changes to mortgage qualification through CMHC has really muddied the waters in the mortgage world so to speak. Not only is it [...]

By | March 24th, 2017|Uncategorized|Comments Off on Your Mortgage is a Blank Canvas
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