Posted Vs Prime Rate – October 1973 to May 2017
Comparison graph of the average posted versus prime rate over the past 40 years based on Bank of Canada, Data and Statistics office.
First Time Home Buyers And New Mortgage Rules – What Does It Really Mean?
Rules, rules, rules. Let’s have a look at how the New Mortgage Rules of October 2016 may impact you and what do they really mean
Two Year History Explained
When applying for a mortgage lenders may require a two year history on your income.
Condo Fees, Financial Statements, And Special Assessments
In this blog we’ll review condo fees, the importance of healthy condo association financials and what special assessments are.
What Is A Monoline Lender?
In this post we’ll share some information on Monoline Lenders and why they may be your best choice.
Keeping You In The Loop With Collateral Mortgages
Here is another example of collateral mortgages and the fine print.
Locking In Your Variable Rate To A Fixed Rate
In this post we answer a client’s question about what rate they would get if locking in their variable rate mortgage.
Commitment In The Mortgage Industry
Commitment in the mortgage industry has a lot of meanings, from the point a pre-approval is presented to a lender we receive a mortgage “commitment,” we make a commitment to you as your mortgage broker, and you make a commitment to us as the client.
Property Assessments And Refinancing
Property assessments can have a big impact on your finances if you’ve been thinking about refinancing your mortgage.
Open Versus Closed Mortgages
Fixed versus variable rate might make sense to you, but have you ever heard “open versus closed mortgages?”