The Bank of Canada announced today that there will be no rate change at this time. Our economy is making a recovery, slightly slower than anticipated. Is this good news? It is if you are seeking or renewing a mortgage. The rates are at an all-time low which can certainly […]
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As we enter Autumn and the season of Thanksgiving, like many, I find it’s time to stop and feel thankful for all that I have. For those of you that cheer me on, those that support my business, those that put their trust in me, and those that just read […]
There are many answers to this question. Each individual case is different as is the type of insurance. Let’s look at 2 of the most common insurance plans. Mortgage Life Insurance – Mortgage life insurance covers the mortgage payments that are outstanding. This insurance will pay down or pay off […]
As expected, the Bank of Canada held its overnight rate. This announcement is good news for those who are looking for a mortgage or mortgage renewal in the near future. We continue to have competitive rates from our lenders. Key Highlights from the Bank of Canada: Housing market activity pulled […]
If you are feeling overwhelmed about the entire mortgage process, I want to tell you that it is simple. Your mortgage agent or broker should be doing all the work for you! (That’s my job!) There are 5 main steps in the process. Information Gathering – A phone call to […]
We often focus on the banks or credit unions as mortgage lenders. But for those that may not qualify under their rules, there is another option. Banks and credit unions are considered A-lenders. They are a first line lender for those that qualify under their rules. From there, we have […]
New job? Tax payments? Cell Phones? Credit cards? What do these items all have in common? They can affect your mortgage pre-approval and final approval! The simple way to think during the mortgage process is that anything that is financial in any way can affect your approval. It can be […]
The Bank of Canada has maintained its overnight rate. There is a positive outlook, although met with caution as we start opening up amid this pandemic. The maintaining of the rate is good news for those that are looking for a mortgage or looking to renew a mortgage in the […]
In my blog, I’m Pre-Approved … What’s the Rush?, I talked about the misconception of a pre-approval. Today, I’d like to advise you on two areas to consider that could affect pre-approval and final mortgage approval: Condition of the Property and the Condo Building. Condition of the Property The “DIY” shows […]
Bank of Canada announced today that it will hold its rate once again. You can read the full report HERE. Key Highlights: With COVID-19 cases falling in many countries and vaccine coverage rising, global economic activity is picking up. Growth remains uneven across regions, however. Renewed lockdowns associated with the […]
