by Geoff | Jun 19, 2018 | DLC, Getting a Mortgage, Home Renovations, Refinancing
HELOC, Refinance or Second/Third Mortgages? Which one should you choose to go with? If you have decided to tap into the equity in your home, the three can seem to be interchangeable at times and for many consumers can be a difficult decision on which one to select. We...
by Geoff | May 28, 2018 | First Time Home Buyers, Getting a Mortgage, GLMG Services, Refinancing
Mortgage Moment: When Life Gives You Lemons…. We all do it. Even I fall guilty to it at times. It’s really a part of Human Nature…and really what fun is life without it? What exactly are we talking about? Dreaming. We make grand plans and lay them out...
by Geoff | Jan 9, 2018 | Mortgage Broker, Rates, Refinancing
Ask any mortgage broker and they can tell you that there are a handful of misconceptions that the public has about working with a mortgage broker. From questioning their credentials (we all are regulated and licensed within our own province, and are constantly...
by Geoff | Dec 1, 2017 | Getting a Mortgage, Market Updates, mortgage trends, Refinancing
As many of you may remember, this past October the Office of the Superintendent of Financial Institutions (OSFI) issued a revision to Guideline B-20 . The changes will go into effect on January 1, 2018 but lenders are expecting to roll this rules out to their...
by Geoff | May 18, 2017 | Refinancing
The need to refinance your mortgage can be for many reasons. Whichever the reason you are refinancing there are a few things to consider. One of the top questions we are asked as a Mortgage Broker is “will refinancing change my credit?”. The answer to this...
by Geoff | Nov 4, 2016 | DLC, Finances, First Time Home Buyers, Getting a Mortgage, mortgage trends, Rates, Refinancing
What is the maximum mortgage amount one now qualifies for with the rules that came into effect on October 17th? Short answer: LESS. A minimum of 20% less, in fact. Before October 17th, the lenders calculated the maximum mortgage amount based on the contract rate of...
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