Great having our community come together in support of the Niagara Regional – Community Mortgage Plan. The ceremonial launch of this new program was christened by Mayor Walter Sendzik, Regional Councillor’s Sandie Bellows and Leanna Villella and CEO of Niagara Health Foundation, Roger Ali. We invite all of Niagara’s mortgage holders to participate in… Read More…
How to pay your mortgage off faster!
Purchasing a home is a major accomplishment, but paying off your mortgage as early as possible will be the best investment you can make. A 2010 Canada Mortgage and Housing Corporation (CMHC) survey indicated that 68 per cent of recent homeowners felt there was a strong chance they could pay off their mortgage earlier than… Read More…
Canadian’s holding insured mortgages (CMHC) exhibit low risk appetites
Great news, Canada! The Canadian economy has and does enjoy a very profitable real estate and mortgage market, especially so in recent memory. There has also been discussion of “bubbles” in the market and the danger they pose to the Canadian economy with Canadian’s being overleveraged when looking at their incomes versus their monthly liabilities…. Read More…
Are the New Mortgage Rules applicable to all lenders?
Many people are aware that Canada’s mortgage landscape has changed significantly over the past year or so. Most recently, there were (January 1st, 2018) major mortgage rule changes that affect borrowers who sit to purchase property or refinance their existing property. The new rules require a borrower with more than 20% equity or downpayment to… Read More…
Life changing Mortgage Rules – January 1st, 2018
The most ground shaking mortgage rules to date will be affective on January 1st, 2018 for all federally regulated financial institutions in Canada. This includes both purchase and refinances! OSFI is setting a new minimum qualifying rate, or “stress test,” for uninsured mortgages (mortgage consumers with down payments 20% or greater than their home price)…. Read More…
New mortgage rules – January 1st, 2018
The most ground shaking mortgage rules to date will be affective on January 1st, 2018 for all federally regulated financial institutions in Canada. OSFI is setting a new minimum qualifying rate, or “stress test,” for uninsured mortgages (mortgage consumers with down payments 20% or greater than their home price). SCENARIO 1: Bank of Canada… Read More…
Niagara’s most competitive 5 year fixed rates terms
New mortgage rule changes are coming into play very soon – January 1st, 2018. It is in your interest, as a current or future mortgage holder to get advice from a trusted source to learn if these changes will impact you. I enjoy helping people save thousands of dollars on their mortgage through trusted expert… Read More…
Bank of Canada maintains it’s current overnight rate @ 1%
The Bank of Canada has decided to maintain its current benchmark lending rate steady at one per cent, taking time to digest recent economic data after two small hikes earlier this year. Canada’s central bank said Wednesday it has decided to keep its target for the overnight rate right where it is, while rate hikes… Read More…
Niagara Health Foundation – mortgage fundraiser update
To date, over $3,000 has been generated for the Niagara Health Foundation to ensure Niagaran’s have access to the best healthcare! In addition, mortgage holders have saved thousands and thousands of dollars in lower rates and mitigation of risk. Thank you Niagara for the privilege of serving! With our extensive range of lenders, ranging from Big… Read More…
Mortgages and Cars, what is the difference?
Mortgages and financial stuff are complicated and boring, right? I get that for sure. Believe me, I sometimes have to slap myself to see if I am still alive due to the nature of my work. Everyone knows cars though, right? We all know the ONLY THING that matters is the SALE PRICE, right? When… Read More…