This is a good article that should be shared Courtesy of the Financial Post: If you’re self-employed and about to apply for a mortgage, be prepared for some serious form-filling. Getting financing isn’t as easy as it used to be, say mortgage brokers — and for the 15% of Canadians who earn money for themselves […]
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Why your mortgage term matters
Choosing the mortgage term that’s right for you can be a challenging proposition for even the savviest of homebuyers, as terms typically range from six months up to 10 years. By understanding mortgage terms and what they mean in dollars and sense, you can save the most money and choose the term that is best […]
Current market trends
Current market : Well it looks like the low fixed rates are gone and maybe gone for good. The bond yields keep going up and up, which means the lenders fixed rates follow. Generally there is a gap of about 1.5-1.6% between the current five year yield and pricing in fixed rates. I usually have […]
Please no more changes!
The content in this post was from an article I just read in the Globe and Mail. I hope that this does not pan out. There have been so many changes in the market lately that obtaining financing has never been more difficult. Well at least in my 9 years in the business. In my […]
Crazy weeks are behind us!
Wow, what a crazy last two weeks. With the increase in rates happening litterally daily, it was a lot of work to get in as many people as possible with a good rate hold! Rates are still at very low levels, just not under the 3% mark…unless it’s a shorter term. However, keep in mind […]