What is a Cashback Mortgage?
July 21st, 2021
As the name implies, a cashback mortgage is similar to a standard mortgage, except that you receive a lump sum of cash upon closing. This lump sum will either... [read more]
Under Finance
Bank of Canada Rate Announcement Jul 14th, 2021
July 15th, 2021
Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program. Read on to find out more... [read more]
Buying a Second Property
July 7th, 2021
If you’ve been thinking about buying a second property and you’re looking to put some of the pieces together, you’ve come to the right place! Whether you’re looking to buy a vacation property, start a rental portfolio, or help accommodate a family member, there are many reasons to buy a second property (while keeping your existing property), which might make sense for you! [read more]
Reposition Your Debts Through Mortgage Financing
June 30th, 2021
If you’re a homeowner looking to optimize your finances, consider taking advantage of your home’s equity to reposition any existing debts you may have. [read more]
How To Avoid An Accidental Home Purchase
June 24th, 2021
Buying a property might actually be easier than you think. So, if you have NO desire AT ALL to qualify for a mortgage, here are some great steps you can take to ensure you don’t accidentally buy a property. [read more]
What Banks Won’t Tell You About Mortgage Financing
June 17th, 2021
If you’re looking to buy a property or have a mortgage up for renewal, and you’re thinking about connecting with your bank directly, save yourself a lot of money and regret by reading this article first. [read more]
Bank of Canada Rate Announcement Jun 9th, 2021
June 9th, 2021
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing [read more]
Standard or Collateral Charge Mortgage. What’s best for you?
June 2nd, 2021
When arranging mortgage financing, your mortgage lender will register your mortgage in one of two ways. Either with a standard charge mortgage or a collateral charge mortgage. Let’s look at the differences between the two. [read more]
New Stress Test Qualifications as of June 1st 2021
May 26th, 2021
As of June 1st. 2021, if you’re looking to qualify for mortgage financing (either uninsured or insured), you will have to qualify at the greater of the contract rate plus 2% or a new “floor rate” of 5.25%. [read more]
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