New Mortgage Refinancing Rules to Help Homeowners Build Secondary Suites
We’re welcoming news of many important mortgage changes coming into effect in the next few months.
Great News for Mortgage Renewals!
Homeowners who switch lenders when your mortgage term is up for renewal will no longer be subject to stress-test rules – which add a 2% rate surcharge when qualifying your mortgage – as of November 21st, 2024.
Federal Gov’t Announces Boldest Mortgage Reform in Decades!
The federal government unveiled huge changes to Canada’s mortgage system September 16th, 2024 aimed at helping make homeownership more attainable for first-time homebuyers as well as Canadians purchasing newly-built homes.
Positive Interest Rate News!
We’re finally getting some great news on the inflation – and, consequently, the interest rate – front! Canada’s inflation rate continued its downward trajectory in July, with the headline Consumer Price Index (CPI) slowing to 2.5%, according to Statistics Canada.
Should You Pay Your Property Taxes with Your Mortgage?
If you’re a first-time homebuyer, chances are, your lender will require you to pay property taxes as part of your mortgage payments.
What’s My Best Option for Consolidating Debt?
Many mortgage borrowers are weighing their options when it comes to debt consolidation to help ease monthly financial obligations, which can empower you to both save money and improve your cashflow in one move.
10 Tips for Saving Your Down Payment on a Home
Saving for a down payment on a home can be challenging but, with careful planning and discipline, this important milestone will become much more easily achievable.
Have You Thought About Buying a Place for Your Post-Secondary Children?
College and university residence spaces and local rental opportunities are tight in many areas with concentrated amounts of student population.
Signs to Look for to Help Prevent Mortgage Fraud
Mortgage fraud is a serious issue in Canada that is becoming extremely sophisticated, and can lead to significant financial loss and loSigns to Look for to Help Prevent Mortgage Fraud
How Does a Private Mortgage Compare to a Traditional Mortgage?
Private mortgage options have become increasingly more popular thanks to stringent stress test mortgage qualification rules required by traditional lenders such as banks, increased inflation and higher interest rates. It’s just one more option your mortgage agent can offer to help you buy a new home or refinance/renew an existing mortgage when you don’t fit into the typical lending box.