Consider an Early mortgage renewal or refinance… Here’s why!

General Michael Distefano 27 Oct

Starting January 1st, 2018, the Office of the Superintendent of Financial Institutions (OSFI) will be tightening the qualifying guidelines for mortgages, regardless if your mortgage is CMHC insured or not. OSFI has stated that starting January 1st, every prospective home owner, regardless of the amount of down payment, will have to qualify at the inflated qualifying rate (almost a 2% hike).


 Take advantage of the property value increases along with historically low fixed rates we have seen, pay off those high interest loans credit cards or even consider doing that home improvement project you’ve been wanting.

 IF YOU HAVE BEEN CONSIDERING PURCHASING OR REFINANCING, PLEASE CALL OR EMAIL ME ASAP TO DISCUSS YOUR OPTIONS Beginning January 2018, some people will find qualifying more difficult than it has been in the past so don’t waste any time 

Apply Online here

 Looking forward to seeing what I can do for you.

 Michael Distefano

Mortgage Agent DLC BTB Mortgage Solitons

4849 Jepson Street Niagara Falls On L2E 1J9 Tel 905 357 5366 Cell 905 246 5363


Your mortgage is the most important financial decision you will make in your lifetime.  It is just as important to take this decision seriously whether you are a first time buyer or are renewing your mortgage.  No matter where you are in your homeownership, you will always want to put your mortgage in the hands of the broker that will give you the best rates AND the best service. Today’s market is competitive enough that you could see an over 1% discount on posted rates on your renewal or refinance.