Statistics Canada shows approximately 15% of the labour force is self-employed. This will continue to rise with our changing economy. Lenders are definitely paying attention and many are moving towards filling this niche. Recently CMHC (Canadian Mortgage and Housing Corporation) announced more support for the self-employed, but we still need more time to see how […]

There is a common myth that once you completed all your mortgage paperwork and you’ve been approved by a lender it’s all done. Yes, a lot of the hard work within the mortgage approval process has been done, but remember, the process is still in play until the closing date, and there still are risks […]

Most people break their 5 year fixed terms in 3 to 4 years on average.  That means your penalty will most likely be based on ‘Interest Rate Differential’ or IRD. Not all lenders are equal in that department….this is where many retail banks get you, playing around with ‘discounted rates’ and ‘posted rates’.  This could mean thousands and thousands of dollars […]

Recently there has been a lot of noise in the news about rising fixed mortgage interest rates.  Here are my insights why fixed mortgage rates go up. 

Over the many years of brokering mortgages, lenders have proven to me that it is not just about the math and the debt ratio calculations on a residential mortgage application.  Money lending is

There are easier approaches to getting prepared for a mortgage submission and there is a harder, more stressful route.   Why not learn from the mistakes of other borrowers,

There are easier approaches to getting prepared for a mortgage submission and there is a harder, more stressful route.   Why not learn from the mistakes of other borrowers,