by Geoff | Dec 17, 2021 | Bank of Canada, CMHC, DLC, Getting a Mortgage, mortgage trends, Refinancing
Personalities of Your Mortgage Personalities of Your Mortgage Asking the right questions and understanding the Personalities of Your Mortgage is an important part of the mortgage process as it will allow you to understand which mortgage product is right for you! An...
by Geoff | Dec 1, 2021 | Getting a Mortgage
a href=”https://geoffleemortgage.com/wp-content/uploads/2021/12/Private-Lending-Blog-Image.jpg”> Private Lending Mortgages Private Lending Mortgages or Alternate financing, although usually a more expensive option, can facilitate all kinds of client...
by Geoff | Nov 12, 2020 | Getting a Mortgage
One of the most common questions we are asked when going through the pre-approval process: Will this hurt my credit score? It’s a fair question. The reason many people ask if a pre-approval will hurt their credit score is due to the fact that typically a hard...
by Geoff | Oct 2, 2020 | Getting a Mortgage
Did you know that 6 out of 10 consumers break their mortgage within 3 years into a 5-year term? That means that 6/10 of borrowers will break a 5-year term mortgage well before it’s due…but do you also know what the implications are of this? With the increase of...
by Geoff | Sep 4, 2020 | Bank of Canada, First Time Home Buyers, Getting a Mortgage
Let’s talk about the state of the rate! In order to find out how the current Stress test rate impacts you, first you need to determine if you’re an insured or uninsured borrower. Option one: Do you have less than 20% down? Securing an...
by Geoff | Jun 8, 2020 | Getting a Mortgage
On June 4, the Canadian Mortgage and Housing Corporation (CMHC) announced that it would be tightening the criteria to get a mortgage with less than 20% down payment. These changes are set to take place starting July 1, 2020 and will be applied to CMHC insured...
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