Refinancing Your Home

General Leslie Morris 12 Feb

When it comes to our debt, it may seem very difficult to pay it off. Equifax Canada, which provides consumer credit bureau information, reported that in the second quarter of 2017, non-mortgage debt has risen 3.3 percent. This is already a problem as many people throughout Canada are already struggling to make ends meet. Some […]

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Renting vs Buying a Home

General Leslie Morris 2 Feb

In today’s market, there is an ever increasing worry about the price of homes. Getting a home is looking to be more expensive and many first-time buyers are worrying about making the big purchase. The question of whether it is better to try and buy something now or wait it out and remain a renter […]

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3 Mortgage Terms You Should Know

General Leslie Morris 20 Jan

When we deal with our mortgages, there are three terms that we all come across: prepayment, portability, and assumability. They look like words we recognize, but in the finance world, they’re different than what you might think. So let’s go over them. Prepayments A prepayment is the payment of a bill or expense that settles […]

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Changes to Canadian Mortgages in January 2018

General Leslie Morris 4 Jan

There are some big changes to mortgage lending rules that have taken effect on January 1st, 2018. These rule changes impact both existing mortgage holders and those seeking mortgages. Here are some key points everyone should know. What’s the big change? New mortgage guidelines require lenders to vet applicants with down payments of 20 percent […]

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The new conventional mortgage ‘Stress Test’ unnecessary and harmful

General Leslie Morris 13 Oct

The new mortgage stress test is unnecessary and harmful. With additional mortgage regulations on the horizon it is more important than ever to deal with a mortgage broker who understands the industry and can help you make the right financial decision for your mortgage needs. If you are considering refinancing your mortgage to access equity […]

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How do Mortgage rates work?

General Leslie Morris 6 Sep

Ever wonder how your mortgage rate is determined? 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 that affect a mortgage rate: 1. Location Depending on which […]

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Bank of Canada increases the key lending rate to 1.00%

General Leslie Morris 6 Sep

The Bank of Canada forged ahead with another interest rate hike in a nod to the country’s surging economy, while signaling its appetite for further tightening may be curbed by a rising Canadian dollar and sluggish inflation. Policy makers raised their benchmark rate for a second time since July, by 25 basis points to 1 […]

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Are other Countries experiencing Housing Price Inflation?

General Leslie Morris 25 Jul

If you have yet to purchase your first home, or if you’ve considered selling your home and finding something new, taking a look at the market and finding something in your price range can be tricky.  Feeling overwhelmed?  You’re not alone.  Many cities all across Canada are experiencing the same thing – rising house prices […]

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