Nine things mortgage shoppers should know about the stress-test changes Policy-makers are finally righting a glaring wrong in the mortgage market. Effective April 6, Canadians applying for default-insured mortgages will no longer be subject to an improperly devised “stress test.” This change will affect anyone getting an insured mortgage, including those putting down less than 20 per […]

Mortgage brokers are not just for buying homes. Your relationship with a broker is not done until you are mortgage free so the notion of a renewal is just as important as a home purchase mortgage. Check out this great article from my colleague Jeremy. If you’re in a mortgage that’s coming up for renewal […]

PAYMENT FREQUENCY One of the decisions you will need to make before your new mortgage is set up, is what kind of payment frequency you would like to have. For many, sticking to a monthly payment is the default, however, different frequencies may end up saving you less interest over time. Monthly Payments Monthly payments […]

5 Mistakes First Time Home Buyers Make Buying a home might just be the biggest purchase of your life—it’s important to do your homework before jumping in! We have outlined the 5 mistakes First Time Home Buyers commonly make, and how you can avoid them and look like a Home Buying Champ. 1. Shopping Outside […]

How to Verify Your Down Payment When Buying a Home Saving for a down payment is one of the biggest challenges facing people wanting to buy their first home. To fulfill the conditions of your mortgage approval, it’s all about what you can prove (hard to believe – but some people have lied in the […]