Our Blog

  • October 22, 2016
  • Posted by Jill Hawe, MBI

The Stress Test - What you need to know about the new mortgage rules....

On October 3rd, Finance Minister Bill Morneau announced that new mortgage rules will include more stringent 'stress testing' for borrowers. The new rules are designed to lower debt levels, enforce som

  • July 13, 2016
  • Posted by Jill Hawe, MBI

Brexit's Impact on the Housing Market/Further restrictions on Federally Regulated Lenders

Bank of Canada Holds Benchmark Rate The Bank of Canada announced today that it is holding the key rate steady. The Bank cut its 2016 GDF forecast, but noted that fundamentals are in p

  • March 2, 2016
  • Posted by Jill Hawe, MBI

Purchasing a Home or Renewing Your Mortgage - Prepare Your Income Documentation Early

We’ve all heard the scout motto “Be prepared”. It’s great advice if you need a mortgage. Assembling everything your lender needs to verify your income is a critical component o

  • February 3, 2016
  • Posted by Jill Hawe, MBI

House over $500,000? New downpayment rules effective February 15, 2016

  On February 15, 2016, minimum downpayment rules are changing in Canada – for homes worth more than $500,000. The change is straightforward: for any portion of the house price over $500,0

  • November 9, 2015
  • Posted by Jill Hawe, MBI

Six Ways to Boost Your Credit Score

Your credit score is essentially your passport to financial opportunities. With a possible range of 300 to 900, your number tells lenders what kind of a risk you are likely to be as a borrower. A low

  • October 21, 2015
  • Posted by Jill Hawe, MBI

What our New Liberal Government Means to your Mortgage

More spending means higher bond yields and higher bond yields mean higher fixed mortgage rates. On the other hand, the mortgage rules may be relaxed in order for consumers to qualify for a mortgage mo

  • May 26, 2015
  • Posted by Jill Hawe, MBI

Downpayment saved? Fantastic!! What you need to know for your mortgage approval.

  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 p

  • April 8, 2015
  • Posted by

4 Strategies That Can Help You Get PreApproved

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es

  • April 8, 2015
  • Posted by

5 Things That May Not Be Included In Your Home Purchase

When you find the house you love and want to purchase, if there is something you want included in the purchase, tell your agent. Be prepared to pay an additional amount for anything the seller did not

  • February 23, 2015
  • Posted by

5 easy ways to be mortgage free sooner!

We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l

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