by Amy Coburn | Nov 9, 2017 | Mortgage Basics, Mortgage News
Here is a fairly simple way to explain the stress test you may have been hearing about in the mortgage industry. Although it has nothing to do with your blood pressure… it may make it rise a little. We will try our best not to let that happen.The stress test is used... by Amy Coburn | Aug 25, 2017 | Mortgage News
In July, the Office of the Superintendent of Financial Institutions (OSFI) sent out a release indicating that changes would be announced, and shortly there after implemented, in the fall of this year. It is expected that the changes will focus on uninsured... by Amy Coburn | Jul 21, 2017 | About Rates, Mortgage News
With the Bank of Canada raising the overnight rate by ¼ percent last week may people are wondering how it will affect them. If you are in a fixed rate mortgage, it will have no affect on you. If you have a variable rate mortgage, your interest cost will increase. ... by Amy Coburn | Jun 2, 2017 | Community, Mortgage News
Renovations are a great way to improve the value of your home but they can be expensive. Why not take advantage of some of the rebates available right now. By doing renovations to make your home more energy efficient you can not only qualify for rebates but also... by Amy Coburn | Oct 1, 2016 | Mortgage News
Announced today: Effective October 17th, 2016, all new insured high-ratio mortgages will have to qualify using the higher of the Bank of Canada benchmark rate (currently 4.64%) or the lender’s contract rate. (A high-ratio mortgage is when you have less than a... by Amy Coburn | Sep 1, 2016 | Mortgage Basics, Mortgage News
Sometimes a traditional mortgage with a bank or monoline lender is not a good fit for our clients. That is why we can arrange private mortgages as well. Private mortgage companies have a higher risk tolerance for borrowers that fall within that same category –...