General Leslie Morris 18 Feb
BREAKING NEWS! The Government of Canada eases the Stress Test rules for insured mortgages – effective April 6, 2020 READ THE FULL ARTICLE HERE! BREAKING NEWS!!
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral Leslie Morris 2 Aug
Yikes! Most of us will cringe at the idea of rising interest rates and their effect on our ability to afford the mortgage payments that some Canadians are already struggling to make. Our homes are the single biggest financial investment that most of us will ever make. For the first time since July 2015, the […]
Read MoreGeneral 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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