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Mortgage Blog

Working For You, NOT The Banks!

Uninsurable Mortgages

Uninsurable Mortgages

May 15, 2019 | Posted by: Andrew Wade

3 “RULES OF LENDING” – WHAT BANKS LOOK AT WHEN YOU APPLY FOR A MORTGAGE Buying a home is usually the biggest purchase most people make and there are a lot of factors to consider. Ou ...

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Not the bad guy-Stress Test

Not the bad guy-Stress Test

May 10, 2019 | Posted by: Andrew Wade

MORTGAGE STRESS TEST – NOT THE BAD GUY Ever since the federal government regulator, The Office of the Superintendent of Financial Institutions (or OSFI) brought in the Mortgage Stress Test, the ...

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Interest rate drop more likely in 2019 than hike!

Interest rate drop more likely in 2019 than hike!

May 8, 2019 | Posted by: Andrew Wade

INTEREST RATE CUT MORE LIKELY THAN HIKE IN 2019 When the Bank of Canada decided this month to keep its benchmark interest rates stable at 1.75%, it signalled the weakening economy makes it unlikely a ...

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Banks that may not be familiar to you

Banks that may not be familiar to you

May 6, 2019 | Posted by: Andrew Wade

 BANK THAT MAY NOT BE FAMILIAR TO YOU Quiz time! Who is the largest non-bank mortgage originator in Canada with over $100 billion dollars in mortgages under administration? Answer – First ...

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7 steps to getting your dream home!

7 steps to getting your dream home!

May 3, 2019 | Posted by: Andrew Wade

7 STEPS TO BUYING A HOME It’s important to understand the home buying process, so here’s a 7-step checklist. Step 1: Down PaymentThe hardest part to buying a home is saving the down paym ...

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Source of funds

Source of funds

May 2, 2019 | Posted by: Andrew Wade

SOURCE OF FUNDS Over the past several years, investigators have been working on an ongoing investigation relating to criminal money laundering in Canada. Looking at B.C. alone, billions of dollars ha ...

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What's included in your home purchase agreement?

What's included in your home purchase agreement?

May 1, 2019 | Posted by: Andrew Wade

WHAT’S INCLUDED IN A HOME PURCHASE AGREEMENT While a home purchase agreement may seem simple and straight forward, there are many differences that you can encounter that can be a big surprise t ...

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New incentives offered for New Home Buyers!

New incentives offered for New Home Buyers!

April 30, 2019 | Posted by: Andrew Wade

FEDS OFFER NEW INCENTIVES FOR NEW HOME BUYERS In this year’s budget, the federal government announced a program for first-time homebuyers that would offer between 5% and 10% top up from the Can ...

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Should I pay down my mortgage ASAP?

Should I pay down my mortgage ASAP?

April 29, 2019 | Posted by: Andrew Wade

SHOULD YOU PAY DOWN YOUR MORTGAGE ASAP? One of the top questions we get asked: Should I pay down my mortgage as fast as possible? In theory, this makes sense. The faster you pay it down, the faster y ...

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Flat yield curve- Good News or Buyer Beware?

Flat yield curve- Good News or Buyer Beware?

April 26, 2019 | Posted by: Andrew Wade

FLAT YIELD CURVE. BEST NEWS, OR BORROWER BEWARE? A Flat Yield CurveIn our post entitled A Flat Yield Curve, we discussed the implications of a flat yield curve. At the time of the post, early summer ...

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