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 | Mar 23, 2021 | Mortgage Rates
Keeping, Getting, Giving! Spring is in the air, love it 🙂 🦋💐 *Keeping- The Bank of Canada keeps it’s key rate unchanged so good news for variable rates!!✅ *Getting- My Spring Promo could put some more money in your pocket! 💲💲 *Giving- Please help us give to...
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