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...
by jordant | Jun 30, 2022 | Current Real Estate Trends and Updates, Mortgage Rates
VARIABLE RATE MORTGAGE HOLDERS If you are currently in a variable rate mortgage, I wanted to give you this update prior to the next Bank of Canada meeting July 13th! At this point, we can fully expect a 75 basis point hike, the highest we have seen in decades, taking...
by jordant | Dec 16, 2021 | Mortgage Advice
Do you ever wonder if you homeownership is right for you and if Homeownership put you ahead financially compared to renting.
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