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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...
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...
You Need To See This…

You Need To See This…

New mortgage rules are headed our way this fall, and they will affect you.   Short Version: As of this fall (no specific date set yet) you will qualify for 25% less mortgage money than you do today.   Long Version: Have you got: Excellent credit? Huge down...
Life Is Variable, Perhaps Your Mortgage Should Be As Well

Life Is Variable, Perhaps Your Mortgage Should Be As Well

The case for variable has always been strong, although often a few misconceptions must be addressed to clarify why this is.   Economic good news is what pushes interest rates up, not economic bad news. When’s the last time the media reported consistent...