Mortgage Blog

Canada's Mortgage Experts
What is the Qualifying Rate?

What is the Qualifying Rate?

April 7, 2017 | Posted by: Alison MacKenzie

The Department of Finance introduced the Qualifying Rate in 2010 as a new way to assess borrower eligibility and ensure borrowers can handle their payments should rates begin to rise. The qualifying r ... [read more]

This Is Why Mortgage Rates Are Suddenly Way More Complicated

This Is Why Mortgage Rates Are Suddenly Way More Complicated

March 20, 2017 | Posted by: Alison MacKenzie

If you’ve been shopping for a mortgage lately, you’ll have figured out that rates can be all over the map. That’s because you’re not comparing apples to apples anymore. Thanks ... [read more]

Receive Your Renewal Letter?  Its Time to Shop Around

Receive Your Renewal Letter? Its Time to Shop Around

February 14, 2017 | Posted by: Alison MacKenzie

When your mortgage comes up for renewal, your lender will send you a letter suggesting you renew at their current offer. This offer is typically not their best offer and they are hoping that you don't ... [read more]

Is This a Collateral Charge Mortgage?

Is This a Collateral Charge Mortgage?

January 30, 2017 | Posted by: Alison MacKenzie

Its no secret that lenders want to retain their mortgage clients.  Over the last few years, one of the ways that certain banks have retained their clients is through the use of collateral charge ... [read more]

Are You Due For a Mortgage Review?

Are You Due For a Mortgage Review?

January 17, 2017 | Posted by: Alison MacKenzie

Life doesn’t stand still, which means your mortgage needs may have changed. Here are some reasons to bring your mortgage in for a professional review: You’re ready to buy – next ... [read more]

New Year's Resolution: Pay off Credit Card Debt and Start Saving

New Year's Resolution: Pay off Credit Card Debt and Start Saving

January 4, 2017 | Posted by: Alison MacKenzie

 Most Canadians suffer with their highest personal debt load in January, when the “holiday hit” arrives and your credit card statements let you know just how much you spent on the fes ... [read more]

5 Ways to Improve Mortgage Qualifying Success

5 Ways to Improve Mortgage Qualifying Success

December 5, 2016 | Posted by: Alison MacKenzie

Yes, new mortgage rules have made it harder to qualify for a mortgage, whether you are a first-time buyer or looking to renew or refinance your mortgage with a new lender. That’s why you should ... [read more]

The Advantages of Using a Monoline Lender

The Advantages of Using a Monoline Lender

October 3, 2016 | Posted by: Alison MacKenzie

Finding a perfect mortgage that fits your life is like finding the perfect home. It’s an important decision that requires a lot of shopping around. That’s where we come in. With access to ... [read more]

Crunch a few numbers this September

Crunch a few numbers this September

September 6, 2016 | Posted by: Alison MacKenzie

The brisk back-to-work attitude of September makes it a great time to review your finances. Did you spend a little more than expected on your summer vacation? Maybe this year you took the plunge on a ... [read more]

Show Me the Money!  What You Need to Know About Your Downpayment

Show Me the Money! What You Need to Know About Your Downpayment

July 19, 2016 | Posted by: Alison MacKenzie

You’ve got your downpayment and you’re ready to go. Congratulations! Soon you’ll need to verify that downpayment for your mortgage approval. It’s required by all lenders to pro ... [read more]

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