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The latest in Mortgage and Real Estate News and Trends
Mortgage Tip- Shop Now For Your Mortgage Renewal
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 qualification?
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...
EXPECT A 75 POINT INCREASE TO PRIME RATE JULY 13, 2022- VARIABLE RATE MORTGAGE HOLDERS
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...
Does it Pay to Be a Home Owner Vs. Renting?
Do you ever wonder if you homeownership is right for you and if Homeownership put you ahead financially compared to renting.
Do I Need a Lawyer or Notary to Complete My Mortgage or Home Purchase?
Advantages of a Credit Union
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 need it....
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