Blog

- keeping you updated on all things "Mortgage"

When applying for a new job, or when looking into starting a new career, people often get asked the reason why they would want to become part of a certain team. Many times, people are surprised by the fact that companies don’t want to hire...

If you are entering the world of mortgages, this blog may be useful to you. Let’s begin with the basics. A mortgage occurs when a property is charged by a creditor as debt security. Mortgages are popular in the banking industry and they influence interest...

Many people getting a mortgage, especially for the first time, do not realize how important it is to get a mortgage insurance. Some may not even know it exists. It is our hope to clarify this aspect as it is a great form of protection. For...

As we have now entered well into 2018, many people - more specifically homebuyers - are still wondering how the new regulations will affect them. We have tried to address the different aspects of these regulations that make it tougher to get a mortgage. Guideline B-20...

The variable rate mortgage and the fixed rate mortgage are very different in terms of how they are funded. Fixed mortgages are bonds purchased by a mortgage lender, sold as a mortgage to a home buyer and then re-sold as a income based security back to the...

Often times, clients say they don’t understand the difference between term and amortization when talking about mortgages. It is a fair point - a common confusion -, but one that needs to be clarified to be able to know all the options available. A mortgage term...

As of January 1st, it has become harder for some buyers to get a mortgage. The reason for this is related to the decision made and announced by the Office of the Superintendent of Financial Institutions (also known as Canada’s banking regulator) to introduce new...

Crazy high prices are no longer the only concern for people considering entering the real estate market or trading up for a bigger or better place. As of January 1st, all borrowers are now required to pass a stress test before they are allowed to...

According to to a report by Royal LePage, the new stricter mortgage rules are expected to slow the housing market in 2018, but prices are still expected to rise almost five per cent. In fact, in its market survey forecast, Royal LePage indicates that its...

Buying a house can be a daunting task, and for a first time borrower (or anytime borrower for that matter) you might not know all the ins and outs that are involved in taking out a home loan. It’s usually better to obtain a loan...