Last week, Canada’s banking regulator unveiled new rules governing how borrowers may use Home Equity Lines of Credit (HELOCs). The new guidelines unveiled by the Office of the Superintendent of Financial Institutions (OSFI) will affect re-advanceable … Read More
Tips on refinancing a mortgage with bad credit.
If you already own a home, you may be able to refinance it for a better rate or take out some of your equity. Mortgage brokers that help people buy a home with bad credit … Read More
Brokerage services for mortgages with bad credit
A lot of people believe there is no hope for them to be able to own a home if they have bad credit. But that’s not true at all. While purchasing a home with a … Read More
Refinance now or later?
Fixed mortgage rates have been steadily increasing these days, making this a big deal in the mortgage world.Fixed rates have increased by about one percentage point, or 100 basis points, since the start of this … Read More
Mortgagepro for self employed mortgages.
Getting a mortgage as a self-employed individual. Are you aware of this? In the mortgage and financing industry, approximately 15%+ of Canadians are self-employed, which makes this a significant market. However, getting a mortgage as … Read More
Spring is in the air
Strong seller market? There are only a few weeks left until spring! So let’s take a look at the market trends for the upcoming Spring season since some of you might be ready to buy … Read More
The mortgage rate hike has begun.
At this time Bank of Canada raise rates only slithly at its recent meeting of January, it is clear that interest rates are on their way up. It is understandable that those with variable-rate mortgages … Read More
Amortization and affordability.
The odds of being able to purchase a home in Canada is, for many Canadians, starting to feel like the odds of winning the lottery. And like the lottery, if they don’t try, they will … Read More
Mortgage protection insurance, for you!
Mortgage Protection Plan: This is not about mortgage insurance, covers the lender in case of loss, provided by selected insurer, like CMHC, this is about your piece of mind, your protection! Protect your home and … Read More
