Once again with Bank of Canada has raised it’s overnight lending rate and Benchmark. Benchmark* is now 5.14% (This is the rate used to qualify for a mortgage) Prime is currently 3.45%.
2018! Do you remember when you were a kid and 2010 was so far away? And now, here we are 2018 with two more years until 2020. Each year I name my year, I give it a title, something to keep me mindful of my goal(s). This year the title is “Frugality Continues” my path to financial freedom. I’m not going to get preachy, (well maybe a little), but I like to call it passion. wink
As you know everyone is talking about the NEW Stress Tests when getting a mortgage, & it is hard to stay on top of who and what this effects when buying.
Monday morning I had the opportunity to sit with Pierre Poilievre our MP for Nepean- Carleton and discuss mortgages.
When you buy land or an interest in land in Ontario, you pay land transfer tax. First-time homebuyers of an eligible home may be eligible for a refund of all or part of the tax.
To claim a refund, you […]
In the fall of 2016, new rules were announced by the Federal Government with respect to home mortgages. The Government implemented these changes in response to the growing concerns about rising home prices in markets like Toronto and Vancouver, […]
Mortgage Professionals Canada, in sponsorship with Genworth Canada, has recognized Jacquie Bushell by awarding her with the Making a Difference Community Service Award for 2016. Jacquie is actively involved in a number of charitable organizations such as Bruce House, The Red Cross, […]
Most people only think to call their mortgage broker when they need a mortgage.
Which makes sense. By all means, call your Ottawa mortgage broker when you need a mortgage!
But there are many other reasons and circumstances when you should […]
Whether you’re a first-time homebuyer, renewing your mortgage, getting back into the market, or buying a vacation or rental property, there are probably some mortgage options available that you’re not aware of.
And they might be options your lender doesn’t […]
Is your current mortgage lender REALLY the best one for you?
Do they have your best interest at heart?
I’m not going to tell you your current lender is wrong for you. You may have made the best decision at the […]