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The Most Important Question This Spring

The Most Important Question This Spring

Short Version:   The most important question a home-seller must ask their Broker or their banker this spring: ‘Do I QUALIFY to port my mortgage?’   You must re-qualify to port your mortgage to a new property, and you must re-qualify under stringent new...
Happy New Year!

Happy New Year!

2018 Here We Go! I’ve always believed in ‘The 1% Difference‘. My theory is that whatever the challenge, if approached with 1% more effort than average, it will be met with success. If not immediately, then almost certainly over the longer term (thanks to the magic of...
What’s Changing Jan 1st?  Rates or Rules?

What’s Changing Jan 1st? Rates or Rules?

Upcoming changes to mortgage lending guidelines, the rules of borrowing, take effect Jan. 1, 2018 and while there’s been a fair bit of press coverage on this, there is also a fair bit of confusion.   What is NOT happening   Interest rates...
What about this recent Bank of Canada interest rate increase?

What about this recent Bank of Canada interest rate increase?

What about this recent Bank of Canada interest rate increase?   Short Version   I am not locking in myself I am staying variable For a variety of reasons   Long Version   If your discount from Prime (now 3.20%) is 0.50% or deeper – then the...
But They Said It Was Portable…

But They Said It Was Portable…

Short Version:   The question most often asked: ‘Is my mortgage portable?’   The answer most often given: ‘Yes.’   This answer is increasingly wrong.   In reality you qualify to move ~80% of the balance… maybe.   If you are thinking of: Moving...