Changes To Mortgage Qualification – New Rules
New Rules for Mortgage Qualification Announced today, effective April 19, 2010, or sooner, there will be three (3) new rules that will apply to the qualification for government backed, insured mortgages (i.e. CMHC, high ratio insured mortgages). The changes are: Minimum down payment for non-owner occupied properties will be increased to 20% of the purchase [...]
Fixed mortgage rates in Vancouver BC going up?
Fixed mortgage rates in Vancouver BC going up? This is a warning/notice! (not that dramatic but please read and ask me any questions you have or are thinking of. If you just want to chat about your mortgage, that is fine too, I would love to hear from you) Confirmed that fixed mortgage rates are [...]
How to get a mortgage. Is it anything like going to the circus?
How to get a mortgage. Is it anything like going to the circus? I seem to be you using the term “jump through hoops” with clients more lately so I thought I would like to write a post regarding the standard processes and requirements for obtaining a mortgage currently so as to help appropriately set [...]
What is my mortgage penalty?
What is my mortgage penalty? With where interest rates are and have been for the past few months, there has been growing interest, no pun intended, around if people who are currently in a mortgage should pay their penalty, break their term, and try to get a lower fixed rate for their mortgage. Many people [...]
Renew my mortgage. Before you do …
Renew my mortgage. Before you do … This post is essentially a top 10 list of the things you should do and think about at least 2-3 months before your mortgage renewal date comes up. If you would like to have peace of mind and confidence that your mortgage will be renewed at the best [...]