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Stress test mortgage qualifying rate The office of the Superintendent of Financial Institutions Canada has introduced a new Stress test mortgage qualifying rate coming to effect on January 1, 2018. “Quote: Read More …
The following is a smart edition prepared by CHMC and the Government of Canada and distributed to help advise our Mortgage Edge clients about the importance of managing a mortgage. Read More …
In the past couple of weeks since the Bank of Canada publicly increased the interest rate to 0.75% from 0.50%, we have been notified of by our numerous lenders that Read More …
Bank of Canada raises interest rate to 0.75% from 0.5% This increase is applied directly to the overnight key lending rate. This means that the Bank of Canada feels that Read More …
Higher home prices & higher interest rates What people looking to be homebuyers can expect from the current home market headlines in the mass media? Now that higher home prices Read More …
Referral is one of the most important sources of business in my career as a mortgage agent. Earn cash as you help someone. You can make some easy money by Read More …
Ontario Land Transfer Tax is charged to the home-buyer and applies whenever a land or an interest in land in Ontario is purchased, The applicant buyer pays the Ontario’s land transfer Read More …
Spousal Buyout Mortgage is for those that are legally married, own a home and in the process of divorce one of the spouses prefer to keep the property and needs Read More …
I’m excited to share a video, featuring Kurt Browning and his sons with you. In this video, Kurt talks about the features of a CHIP Reverse Mortgage and how it Read More …
On October 3rd, 2016 Bill Morneau, Minister of Finance announced “Preventative measures for healthy, competitive and stable housing market”. The intention is to address the growing household debt and rapidly rising house Read More …
New rules affecting low ratio mortgages The new rules affecting low ratio mortgages or mortgages backed by portfolio insurance are effective from November 30th, 2016. The following are new mortgage Read More …
The new rules affecting high ratio mortgages are effective from October 17th, 2016. The following are new mortgage rules for high ratio mortgages, (under 20% down payment = high ratio Read More …
Realtor, get your superb, impressive and affordable website you need. Increase your sales, get a swell of new clients, keep permanent professional contact with all your clients and lower your marketing Read More …
Interest rates down We have been informed of interest rates gone down and you should be informed as of which mortgage products are offering them. Employed people currently renting and Read More …
Saved for closure story – Ms. Castor As in the story below, “Reverse Mortgage” can assist seniors 55+ keep and better what they have been able to amount in wealth Read More …
Here you have the Myths about Reverse mortgage. what to expect and what are the real facts Myths: The bank owns the home. People with a reverse mortgage will owe more Read More …
Home buying step-by-step. All you need to know to help you make smart home buying decisions from start to finish, prepared by Canada Mortgage and Housing Corporation (CMHC). Is Homeownership Read More …
Chip – Reverse Mortgage – Income Advantage On a reverse mortgage, interests paid are tax-deductible and lower than the increase of the equity of your home Chip – Reverse mortgage Read More …
Gifted down payment Gifted down payment are funds given to a mortgage applicant by an immediate family member to be used to qualify for a mortgage or simply to lower the Read More …
down-payment from RRSP’s If you as a first-time home-buyer are planning to buy your home this year and are facing the question of where will you get the down payment Read More …
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