by jordant | Jul 22, 2022 | Mortgage Advice
Should You Still Buy A Home in this Market? Every market comes with opportunity, like right now when there are fewer buyers driving up demand! In some markets, we are also seeing prices soften. Yes, interest rates are higher than usual but your mortgage and rate can...
by jordant | Jul 16, 2022 | Current Real Estate Trends and Updates, Mortgage Advice
? With Rising Mortgage Rates, What Are Your Options For Your Variable Rate Mortgage With the Bank of Canada raising prime rate again, and further increas(es) expected, variable rate mortgage holders are asking about options! – Stay put, ride it out until rates...
by jordant | Jul 16, 2022 | Mortgage Advice
What do you do if you have a mortgage renewal coming up? With mortgage rates on the rise, I advise not waiting for your lender to send you a renewal notice. Shop now and shop early! You can actually set your new rate 120 days prior to your renewal date and offers...
by jordant | Jul 16, 2022 | Mortgage Advice, Mortgage Rates
Will rising mortgage interest rates affect your mortgage qualificaiton? It is very possible. As rates go up, so too does the stress test rate that I have to use. The stress test is the greater of 5.25% or the contract rate + 2%. For example, if you are wanting a fixed...
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