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…

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…

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.

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).

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

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.

Original Article Source Credits: Canada.ca, https://www.canada.ca/

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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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Original Article Source Credits: Canada Mortgage & Housing Corporation, https://www.cmhc-schl.gc.ca/

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Link to Original Article: https://www.cmhc-schl.gc.ca/en/buying/mortgage-loan-insurance-for-consumers/what-is-mortgage-loan-insurance

Original Article Source Credits: Canada.ca, https://www.canada.ca/

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Original Article Posted on: 22nd January 2021

Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/choose-mortgage.html

Original Article Source Credits: Canadian Mortgage Trends, https://www.canadianmortgagetrends.com/

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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/

Original Article Source Credits: Better Dwelling, https://betterdwelling.com/

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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/

Original Article Source Credits: Better Dwelling, https://betterdwelling.com/

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Original Article Posted on: 31st December 2020

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Article Written By: Toronto Storeys

Original Article Posted on: 11th January 2021

Link to Original Article: https://torontostoreys.com/canadians-strength-housing-market-rbc/

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

Original Article Source Credits: The Balance, https://www.thebalance.com/

Article Written By: Aly J. Yale

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Link to Original Article: https://www.thebalance.com/home-equity-loan-vs-refinance-4779112

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

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

Original Article Source Credits: Better Dwelling, https://betterdwelling.com/

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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/