New Rule Targets HELOC Holders Seeking a Second Mortgage
Steve Huebl NOVEMBER 8, 2018 The word is out on a little-known policy used to qualify anyone with a HELOC who is applying for additional financing.Several of the Big Six…
Mortgage Renewals
A recent widely published report by CIBC estimated that a record 47% of all Canadian residential mortgages will come up for renewal in 2018. So, should you renew with your…
Mortgage Financing for Self-Employed Clients is Now Easier Than Ever
Self-employed clients may have had a harder time qualifying for a mortgage in the past as their incomes may vary or be less predictable. I have teamed up with several…
In 30 Seconds or Less, Quickly Figure Out How Much You Can Afford to Purchase
Here is a pretty neat way to find out how much you (or your client) will be able to qualify for, and how much you can afford to purchase. …
Rent or Buy: Either Way You’re Paying a Mortgage!
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with…
Mortgage Brokers vs. Banks: The Pros and Cons
If you’re looking for a mortgage on a home purchase — or to renew one on a home you already own — is a mortgage broker or a bank your…
Affordability: Then and Now
The BoC Still Thinks Canadian Real Estate Is More Affordable Today Than In 2008 July 27, 2018 Source: Better Dwelling Unaffordable real estate? The Government has no idea what you’re…
Mortgage application form with a calculator and house.
Canadians Feel Little Pain of Rate Hikes – So Far
Canadians Feel Little Pain of Rate Hikes - So Far Author: Andrea Hopkins OTTAWA, July 20 (Reuters) - Canadian consumers are feeling little pain from four rate hikes by the…
Credit market U-turn: As bond yields retreat, variable mortgages are looking all the more attractive
Just five weeks ago, economists were on TV heralding a July rate hike as interest rates rocketed to seven-year highs. Then the market changed the channel. On Friday morning, Canada’s…
Protecting Yourself from Identity Theft and Fraud
In November 2017, the credit bureau Equifax revealed that the files of 19,000 Canadian consumers had been compromised. These files contained clients’ personal information such as their names, addresses, social…