What To Do Before Listing Your Home

Deciding to list your home for sale is a big decision. And while there are many reasons you might want/need to sell, here are 3 questions you should ask yourself; and have answers to, before taking that step.  What is my plan to get my property ready for sale? Assessing the value of your home […]

Continue Reading
  • July 19, 2023
  • Blog

Bank of Canada Rate Announcement Jul 12th, 2023

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario July 12, 2023 The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy […]

Continue Reading

Collections Can Prevent Mortgage Financing

A question that comes up from time to time when discussing mortgage financing is, “If I have collections showing on my credit bureau, will that impact my ability to get a mortgage?” The answer might have a broader implication than what you might think; let’s spend a little time discussing it. Collections accounts are reported […]

Continue Reading
  • July 5, 2023
  • Blog

New To Mortgage Financing? Get Pre-Approved

If you’re thinking about buying a property, but you’re not sure where to start, you’ve come to the right place! Let’s discuss how getting pre-approved is one of the first steps in your home buying journey. Just like you wouldn’t go into a restaurant without knowing if you have enough money to buy your meal, […]

Continue Reading
  • June 28, 2023
  • Blog

What Are GDS/TDS Ratios Anyways?

One of the major qualifiers lenders look at when considering your application for mortgage financing is your debt service ratios. Now, before we get started, if you prefer to have someone walk through these calculations with you, assess your financial situation, and let you know exactly where you stand, let’s connect. There is no use […]

Continue Reading
  • June 21, 2023
  • Blog

The Home Buying Process Explained

If you’re in the early stages of planning to buy either your first home or your next home, you’ve come to the right place! Even if you’ve been through it before, the home buying process can be daunting, but it doesn’t have to be when you have the right people on your side! The purpose […]

Continue Reading
  • June 14, 2023
  • Blog

Bank of Canada Rate Announcement Jun 7th, 2023

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario June 7, 2023 The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is also continuing its policy […]

Continue Reading

Saving Money For A Downpayment

Whether you want to set aside money to buy a car or take a vacation, save up for a down payment on a property, or plan for your retirement, the principles are the same. However, as you’re reading this article on a website dedicated to helping you secure mortgage financing, we’ll assume you want tips […]

Continue Reading
  • May 31, 2023
  • Blog

Going From A Variable Rate To A Fixed Rate Mortgage

If you have a variable rate mortgage and recent economic news has you thinking about locking into a fixed rate, here’s what you can expect will happen. You can expect to pay a higher interest rate over the remainder of your term, while you could end up paying a significantly higher mortgage penalty should you […]

Continue Reading
  • May 24, 2023
  • Blog

Understanding Credit And How It Relates To Your Mortgage

Credit. The ability of a customer to obtain goods or services before payment, based on the trust that you will make payments in the future. When you borrow money to buy a property, you’ll be required to prove that you have a good history of managing your credit. That is, making good on all your […]

Continue Reading
  • May 17, 2023
  • Blog