by Geoff | Feb 8, 2022 | Bank of Canada, CMHC, DLC, First Time Home Buyers, Getting a Mortgage, Mortgage Broker, Mortgage Insurance, mortgage trends, Rates
Pre-Approval VS Rate Hold Pre-Approval VS Rate Hold… what are the differences? What are the benefits? Not even one Mortgage or Pre-Approval Process is the exact same as someone else’s. The Mortgage and Pre-Approval process are complex mazes of tiny puzzle pieces...
by Geoff | May 9, 2019 | Getting a Mortgage, Mortgage Insurance
A new survey has emerged showing that out of 1,901 owners and would be homeowners, 43% (more than two out of five) Canadians are not confident in their knowledge of the mortgage stress tests—despite them being in place for more than a year now. (source) We...
by Geoff | Dec 21, 2018 | Mortgage Broker, Mortgage Insurance, Rates
Are you officially Mortgage Free? CONGRATULATIONS! That is a monumental milestone to achieve! With that significant accomplishment, you should look at obtaining a Title Insurance Policy. What most people don’t realize is that when you had a mortgage, the lender...
by Geoff | Nov 9, 2017 | Getting a Mortgage, Mortgage Insurance
When you purchase a property, you may be a little overwhelmed by all the insurance offers related to the purchase of said property. Mortgage Insurance, Condo Insurance, Mortgage Default Insurance, Earthquake Insurance; the list goes on and on. It can be confusing, and...
by Geoff | Oct 18, 2017 | Market Updates, Mortgage Insurance, mortgage trends
On October 17, 2017, OSFI (Office of the Superintendent of Financial Institutions) announced that effective January 1, 2018 the new Residential Mortgage Underwriting Practices and Procedures (Guidelines B-20) will be applied to all Federally Regulated Lenders. Note...
by Geoff | Aug 24, 2016 | Getting a Mortgage, Mortgage Insurance
When you purchase a property, you may be a little overwhelmed by all the insurance offers related to purchasing a new property that come your way. Mortgage Insurance, Condo Insurance, Mortgage Default Insurance, Earthquake Insurance; the list goes on and on. It can be...
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