As we head into the fall, I am working with many of my clients on their mortgage renewal. You can begin the mortgage renewal process months before your mortgage renewal date.  If you obtained a mortgage when rates were really low and you’re worried about how to prepare your budget and finances for a larger…

The variable vs. fixed mortgage rate decision is one of the biggest a borrower will make when selecting their mortgage. Many of my clients are choosing a 3 – 5 year fixed rate right now, as we suspect the rates will trend downwards after the 3-year period.  It’s a decision that will affect a homeowner for…

Whether you are purchasing a home or looking to refinance, determining the property’s value is an important step in the mortgage application process. This amount will determine the amount of mortgage you’ll be offered. How home value is measured? A home’s value is based on its features. These include square footage, location, age, quality and…

A good credit score will affect your ability to borrow and also the interest rates that will be available to you. Generally speaking, a good credit score will result in a lower interest rate. How to build credit history that benefits you: Start early The length of your credit history is a key factor in…

The First-Time Home Buyer Incentive aids qualified first-time homebuyers to reduce their monthly mortgage payments without adding to their financial burden. The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada, which offers: 5% or 10% for a first-time buyer’s purchase of a newly constructed home 5% for a first-time buyer’s purchase…

One of the best reasons to work with a mortgage professional is that I work with a wide variety of lenders. Unlike your local bank branch, which can only offer you a mortgage (and mortgage rate) from their own suite of products, I have access to many different lenders. When we review finance options, you…

To enhance the flexibility of newcomers and businesses looking to add to Canada’s housing supply, the Government of Canada is making changes to the Regulations, to expand exceptions to allow Non-Canadians to purchase a residential property in certain circumstances. These amendments will further allow individuals and families seeking to build a life in Canada by…

Do you know what an assumable mortgage is? An assumable mortgage allows you to take over or assume someone else’s mortgage and their property. It also allows someone else to take over your mortgage and your property. The terms of the original mortgage must stay the same. This is something you may consider if: You’re…