by Geoff | May 9, 2017 | Rates
Ever wonder how mortgage rates work? What factors make it jump from percentage to percentage? We are getting down to the nitty-gritty today and giving you the facts on what impacts mortgage rates! What affects a Mortgage Rate? There are 10 factors...
by Geoff | Dec 9, 2016 | Getting a Mortgage, Mortgage Broker, Rates
Avoid these 5 common mistakes, and you will have no problem getting your mortgage faster, more efficiently, and with a clear understanding of the process: Thinking banks are the first and best place to go for a mortgage Mortgage brokers can often...
by Geoff | Nov 16, 2016 | Market Updates, Rates
Did Prime go up? No. Did my Variable rate mortgage rate change? No, not unless your variable rate mortgage is with TD. So the Bank of Canada did not raise rates? No, in fact they are more likely to lower rates than increase them. But TD raised rates? Yes, but only by...
by Geoff | Nov 4, 2016 | DLC, Finances, First Time Home Buyers, Getting a Mortgage, mortgage trends, Rates, Refinancing
What is the maximum mortgage amount one now qualifies for with the rules that came into effect on October 17th? Short answer: LESS. A minimum of 20% less, in fact. Before October 17th, the lenders calculated the maximum mortgage amount based on the contract rate of...
by Geoff | Oct 24, 2016 | Finances, First Time Home Buyers, Getting a Mortgage, Mortgage Broker, Rates
Most of us know that changing your mortgage payment from monthly, or semi monthly, to an accelerated bi-weekly payment instantly reduces your standard 25 year amortization by 2.58 years with today’s rates. (If you didn’t know that, you’re likely not working with the...
by Geoff | Oct 21, 2016 | Credit Score, Finances, First Time Home Buyers, Getting a Mortgage, Rates
That’s right! Sure the new mortgage rules from our Federal Government on October 17th can be a bit confusing, here are five tips to help you with your mortgage while at the same time, reducing your stress. 1. Review your Credit File: Good credit is your ticket to...
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