(July 12, 2017) Today, for the first time in seven years, the Bank of Canada raised their rate by 0.25%. This affects your variable rate mortgages and your secured lines of credit. What will the banks do? In the past, the banks matched their prime rate increase in step with the Bank of Canada increase, […]

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, experience a less stressful process and increase your mortgage options. I am going to delve into the action items you can do to relieve your mortgage […]

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, experience a less stressful process and increase your mortgage options. I am going to delve into the action items you can do to relieve your mortgage […]

Variable rate or fixed rate mortgage – the million dollar question:  I don’t think there is one blanket answer that is right for everybody.  Let’s examine this matter in more digestible chunks.

As the new year commences,  it is a good time to touch upon some annual mortgage documentation tips. Being prepared with proper supporting documents for a mortgage application is

A savvy real estate investor understands that mortgage interest rates are a neutral effect.  In either a low or high interest environment, an investor can take advantage of the situation.  

An increasing number of lenders are moving towards collateral charge mortgages these days, it has never been more important to understand the differences between a collateral and standard charge mortgage.

There is no shortage of negative financial headlines today.   They attempt to scare and shock us with real estate numbers, interest rates, and economic crises.   These headlines sell and take priority over

One of the critical steps towards financial responsibility is understanding your credit history.  Did you know that as a consumer you are able get a copy of your credit report, and have the right to correct any errors in the report?  It is not uncommon to see

Qualifying income is a very significant part of a residential mortgage application.  A lender wants to ensure that an applicant (or applicants) can afford the mortgage and has a way of making the scheduled payments. So one of the golden rules is,