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The latest in Mortgage and Real Estate News and Trends
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....
#MortgageMinute – Market and Mortgage Update!
MortgageMinute Update this Week! There is always a lot happening in the real estate and mortgages and these past weeks have been no exception with some BIG news for mortgages! If you are thinking of buying or selling, refinancing or renovating, here's what you need to...
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