Yes, your borrowing power is increased with a higher credit score, and in many cases most lenders offer better rates. But it’s not just the score, it’s also what lies beneath that score such as: 1) Your payment history 2) Your credit utilization (ratio between revolving balance and limit) 3) Your credit accounts’ age 4) […]

Some banks will send you a renewal letter within three months of your term, encouraging you to sign at the current posted rate to rollover your mortgage. I recommend that you speak to a Mortgage Professional to ensure you are exploring all of your options when it comes to your next mortgage term.

Rates can be higher with a 20% minimum down-payment, but don’t forget the tax write off benefits! Climb that property ladder and have your tenants pay the way. Did you know? When it comes to investment properties the minimum down payment jumps from 5 per cent to 20 or 25 percent. Call/Email me to discuss […]

You could get a lower interest rate, consolidate your debt, change your term or get a different mortgage or tap into your home equity to finance those renovations you’ve been dreaming about!

The Bank of Canada maintained its target overnight rate at its effective lower bound of 0.25%. It held its quantitative easing bond-buying program steady at net purchases of Government of Canada (GoC) bonds of $3 billion per week. Bank of Canada Holds Rates and QE Steady–Asserting That Both the Upside in Inflation and the Downside […]

Did you know? Approximately 70 per cent of mortgages don’t make it to the end of the term? Maturity date, end of term, renewal. No matter how you say it, this is the time to be a savvy consumer and ensure you are renewing into the best product for your next chapter without penalty.

Mortgage Brokers find you the best mortgage and interest that suit your unique needs. They do that by comparing all the offerings from the major banks, trust companies and credit unions. You get personalized service, flexibility, products at no cost to you, and yes, better rates!

Twenty-five or thirty years can sound like an impossibly long time to service a loan – and for many of us, it is. If you are looking to pay off your mortgage faster, here are some tried-and-true tactics to get you to financial freedom that much sooner! Make a Double Mortgage Payment: A double payment […]

A down payment is one of the most essential aspects of every mortgage application and new home purchase. In Canada, home purchases require a minimum cash payment from your own funds that is put towards the purchase. This is your down payment and is considered your stake in the deal. Many home buyers understand that […]

You worked hard for that equity. Maybe it’s time you make that equity work for you. Refinancing your mortgage can be a great way to leverage equity in your home to balance debt, do renovations or to support kids going off to college. Through refinancing you can tap into 80 per cent of the value […]