Understanding home equity; what is it and how do I access it? If you’re a homeowner you’ll probably have equity. Equity is the difference between the value of your home and what you owe against it; essentially equity is the portion of the home that you “own”. There are different channels to access your home […]

BY: Sarah Turnbull , CTVNews.ca Staff Published Monday, September 2, 2019 The government’s First-Time Home Buyer Incentive (FTHBI) comes into effect today. The program is aimed at making it easier for young people to buy their first home by lowering new buyers’ monthly mortgage payments. Introduced by the Liberals in their 2019 budget, the federal government will […]

Buying a home is more difficult now than ever—and this is not news to anyone! No matter where you live, the recent stress testing measures, increase in housing prices in major cities, and continued increase of the cost of living all combine to make home ownership a daunting task. But we do want to offer […]

You may have noticed that there are many different terms for those of us who work in the mortgage industry besides “broker”. Mortgage: specialist, expert, advisor, associate, officer, etc. I just want to clear up some potential confusion with all these monikers. There are 2 main categories that these fall in to. Those that work […]

The Canadian Press The Bank of Canada is keeping its key interest rate unchanged as it releases a downgraded 2019 growth forecast that includes a prediction the economy nearly came to a halt at the start of the year. The central bank also appears to be in no hurry to move the interest rate any […]

Instead of long paragraphs, we made it easy with just numbers for your understanding. SCENARIO 1: Your current mortgage is a five-year fixed-rate term. Your rate is probably at or below 3%. Let’s use 2.89%, as many of my clients were averaging this rate back then. Five years ago, you were qualified using your actual rate. […]

If you smoking pot in your home or want to grow a few plants, you could reduce the value of your home ! October 17th will be important day in Canada’s social history. It’s the day when we are going to have legalized marijuana across the country. We will be the second major country in […]

 A client would be hard pressed to find a Realtor to write an offer without a ‘subject to inspection‘clause, and for good reason. Similarly, client should be hard pressed to find a Mortgage Broker advising an offer without a ‘subject to financing‘ clause. This is because no banker or Broker can give a client 100% […]

There’s little doubt, the biggest purchase in your life will be a home. So when you’re embarking on what can be both an exciting and stressful journey, you want the best professionals by your side. When it comes to picking a broker to handle your mortgage, it’s not always easy to decide who to choose. […]