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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