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 –... by Amy Coburn | Apr 15, 2016 | Buying and Selling, First Time Home Buyers, Mortgage Basics, Mortgage News
In a competitive seller’s market like today, the importance of knowing the accurate value of your next home is absolutely critical.Some people like to say that the true value of anything is determined by what the market will bear. But when buying a home, that’s a very... by Amy Coburn | Mar 4, 2016 | Buying and Selling, Mortgage Basics, Mortgage News
The real estate prices in the Hamilton and surrounding area is going up at a swift pace. Part of this has been caused by the lack of houses for sale and the increase in demand. It is actually making it difficult for some buyers to get that house of their dreams. Why... 