2019 Mortgage Changes You Should Be Aware Of

2019 Mortgage Changes You Should Be Aware Of

New mortgage rules, stress tests, and slowing markets have definitely had an impact on home buyers. And there has been an impact on those with existing mortgages who want to refinance, renew or those who want to switch (transfer) lenders to take advantage of a better...
Tips to Make a Private Mortgage Work

Tips to Make a Private Mortgage Work

While a private mortgage is not the common way to finance a home purchase, some people do choose to pursue this route. Following a few simple tips will help make it a smooth arrangement for both the borrower as well as the lender. Private mortgages are not issued by...
Qualifying Benchmark Stress Test Rate

Qualifying Benchmark Stress Test Rate

Last week, there were many news articles announcing that for someone who has at least a 20% down payment, the qualifying benchmark stress test rate has been reduced from 5.34% to 5.19%. This results in a very minimal increase of $8,000.00 in purchasing power for...
New Mortgage Rules

New Mortgage Rules

With all the changes to mortgage rules, the ups and downs of the market, and the fluctuating interest rates, it’s become more important to work with a professional who truly understands the financing market, and how to help you get into the home you want. If...
TFSA Or Contribute To Your RRSP

TFSA Or Contribute To Your RRSP

Perhaps you just received a bonus or a big tax refund from the government, how should you make your money work harder to save up for a down payment more quickly?The government has two popular tax-free programs that can help. Simply ask your local bank or investment...




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