Proposed New Mortgage Regulations Be prepared – Stricter rules around qualifying for a mortgage could be coming this spring. Canada’s banking regulator OSFI (The Office of the Superintendent of Financial Institutions) proposed three new regulations that could further restrict mortgage lending. A review is underway. Potential additions come as OSFI is saying risk around loans…
Home appraisers look at two key things when making their home assessment.
CO-SIGNING A MORTGAGE With our current real estate market, getting a Mortgage is not as easy as it has been in the past. With rising rates, and more qualification criteria, it is certainly more challenging. But don’t worry – There are many ways that home buyers can get approved more easily. One of the most…
What exactly is a credit report and why is it so important when it comes to obtaining a mortgage?
Insurance required or offered when you get a mortgage can be confusing. In this post, we explain the different kinds.
Learn the difference between a conventional mortgage versus a high ratio mortgage, and how mortgage default insurance comes into play.
Assumable mortgage – is it for you? Lets review some details.
What on earth is HELOC? In this post, we talk about what this strange acronym is and how this can help you buy a home
Mortgage payment deferral – what you need to know. Key points reviewed.
Reverse mortgages are designed specifically for Canadian homeowners who are 55 years old or older and have concerns about their financial position.