? 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...
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...
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...
When you think of getting a mortgage, do you think instantly of going to the bank? If you’re like most people, this will be the case. However, CREDIT UNIONS offer some UNIQUE ADVANTAGES that can often have my borrowers qualifying for more mortgage when they...
Attention Home Buyers and Realtors!! Important Info about How Much Mortgage You Qualify For! The mortgage stress test rate is going up June 1st! Your pre-approval or rate hold will NOT protect you after this date so make sure you know how much you will qualify for...
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