Jackie began her career in the financial industry over 35 years ago where she started as a Bank Teller with one of the big 5 banks. Throughout the years, she learned all about mortgages from some very seasoned Mortgage Underwriters. However, one thing really bothered Jackie and that was the limited financing options offered by the banks. For instance, if a client is looking for the lowest rate available to them based on their individual finances, are they getting offered the truly lowest rate? Maybe not based on recently published bank practices. Or, what if clients can’t meet the banks…
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Who Is The Mortgage Girl?
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Why Use A Mortgage Broker?
It’s not every day you spend 100,000’s of dollars on buying a home. The stress this creates for many people can be huge, but it doesn’t have to be. You ask how this can happen? Easy… Surround yourself with a team of experienced professionals! An experienced realtor will insist you start with arranging your financing for when you find a suitable home and that’s where a Mortgage Broker comes in. Talking with an experienced Mortgage Broker before you start shopping is helpful for a number of reasons: You will know the maximum price range and payments that you can afford. With this you…
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OSFI Finalizes New Mortgage Rules, Includes Stress Test For Uninsured Borrowers
This was released this week. This is a change that will have a major impact on the people who want to put more than 20% down when they purchase a home. Below is a summary of the changes that are coming.
Today, the Office of the Superintendent of Financial Institutions (OSFI) released revised guidelines for the mortgage industry, similar to the draft version released earlier this summer. These new parameters will take effect January 1, 2018.
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Have Questions About The Most Recent Announced Mortgage Change?
The MortgageGirl has answers!
Once again, the Office of the Superintendent of Financial Institutions (OSFI) recently introduced new rules on mortgage lending to take effect January 1,2018.
OSFI is setting a new minimum qualifying rate, or stress test, for uninsured mortgages (mortgages with down payments of 20% or greater than their home price).
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Does Your Business Need Equipment?
Purchasing new equipment places heavy demand on available capital. By leasing equipment, you can keep your cash reserves and credit lines open. Leasing comes out of the operating budget, making it possible to invest working capital where it’s needed most. The result is increased efficiency and productivity and a healthier bottom line.
As a business owner you want to be profitable, you want to grow, you are concerned about cash flow and you want to reduce taxes
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Now, More Than Ever, You Need A Mortgage Broker On Speed Dial!
Whether you’re looking to buy your first home or refinancing your rental property, the mortgage landscape is far different than it used to be due to all of the mortgage changes.
Based on many years of mortgage underwriting experience while working with the banks for 20 years and as a Mortgage Broker for the last 15, I am now seeing more than ever many mortgage applicants who have been declined by one lender only to be approved by a different one.
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Paying off your mortgage faster
Original Article Source Credits: Canada.ca, https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 16th September 2020
Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/pay-mortgage-faster.html
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What to know before buying a home
Original Article Source Credits: Ontario.ca, https://www.ontario.ca/
Article Written By: NA
Original Article Posted on: NA
Link to Original Article: https://www.ontario.ca/page/what-know-before-buying-home
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Canada's Home-Sales Boom Doesn't Even Notice COVID-19's Second Wave
Original Article Source Credits: Huff Post, https://www.huffingtonpost.ca/
Article Written By: Daniel Tencer
Original Article Posted on: 6th February 2021
Link to Original Article: https://www.huffingtonpost.ca/entry/home-sales-canada_ca_601d9be2c5b69749da3d81f8
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What is CMHC Mortgage Loan Insurance?
Original Article Source Credits: Canada Mortgage & Housing Corporation, https://www.cmhc-schl.gc.ca/
Article Written By: NA
Original Article Posted on: NA
Link to Original Article: https://www.cmhc-schl.gc.ca/en/buying/mortgage-loan-insurance-for-consumers/what-is-mortgage-loan-insurance
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Choosing a mortgage that is right for you
Original Article Source Credits: Canada.ca, https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 22nd January 2021
Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/choose-mortgage.html
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Could Mortgage Rates Start to Rise Sooner than Expected?
Original Article Source Credits: Canadian Mortgage Trends, https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: 2nd February 2021
Link to Original Article: https://www.canadianmortgagetrends.com/2021/02/could-mortgage-rates-start-to-rise-sooner-than-expected/
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The Pandemic Was Bullish For Canadian Real Estate, Confirms National Stats Agency
Original Article Source Credits: Better Dwelling, https://betterdwelling.com/
Article Written By: NA
Original Article Posted on: 8th February 2021
Link to Original Article: https://betterdwelling.com/the-pandemic-was-bullish-for-canadian-real-estate-confirms-national-stats-agency/
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Real Estate Sales Soar In Every City, As Bank Of Canada Juices The Market
Original Article Source Credits: Better Dwelling, https://betterdwelling.com/
Article Written By: NA
Original Article Posted on: 31st December 2020
Link to Original Article: https://betterdwelling.com/real-estate-sales-soar-in-every-city-as-bank-of-canada-juices-the-market/
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Canadians Believe More in the Housing Market Than the Overall Economy
Original Article Source Credits: Toronto Storeys, https://torontostoreys.com/
Article Written By: Toronto Storeys
Original Article Posted on: 11th January 2021
Link to Original Article: https://torontostoreys.com/canadians-strength-housing-market-rbc/
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New forecast calls for modest growth in Edmonton real estate market
Original Article Source Credits: Edmonton Journal, https://edmontonjournal.com/
Article Written By: Joel Schlesinger
Original Article Posted on: 8th January 2021
Link to Original Article: https://edmontonjournal.com/life/homes/new-forecast-calls-for-modest-growth-in-edmonton-real-estate-market
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Home Equity Loan vs. Refinance: What’s the Difference?
Original Article Source Credits: The Balance, https://www.thebalance.com/
Article Written By: Aly J. Yale
Original Article Posted on: NA
Link to Original Article: https://www.thebalance.com/home-equity-loan-vs-refinance-4779112
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Posthaste: 'Spectacular end to a spectacular year' — What to expect from the most astonishing year in the history of Canada's housing market
Original Article Source Credits: Financial Post, https://financialpost.com/
Article Written By: Pamela Heaven
Original Article Posted on: 7th January 2021
Link to Original Article: https://financialpost.com/executive/executive-summary/posthaste-what-we-can-expect-after-the-most-surprising-year-in-the-history-of-canadas-housing-market
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What will happen to Bank of Canada rates in 2021?
Original Article Source Credits: Mortgage Broker News, https://www.mortgagebrokernews.ca/
Article Written By: Ephraim Vecina
Original Article Posted on: 6th January 2021
Link to Original Article: https://www.mortgagebrokernews.ca/news/what-will-happen-to-bank-of-canada-rates-in-2021-336600.aspx
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Canadian Real Estate Prices Seen Peaking In Q2, According To Another Big Six Bank
Original Article Source Credits: Better Dwelling, https://betterdwelling.com/
Article Written By: NA
Original Article Posted on: 5th January 2021
Link to Original Article: https://betterdwelling.com/canadian-real-estate-prices-seen-peaking-in-q2-according-to-another-big-six-bank/
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