Not all mortgages are insurable. With the mortgage rule changes in recent years, lenders have had to make some adjustments to their rate offerings. There are different tiers and rate pricing based on the following 3 categories: 1) Insured – a mortgage that is insured with mortgage default insurance through one of Canada’s mortgage insurers, […]

A Refinance Plus Improvements can make a big difference! Read on. Let’s take a closer look at how a Refinance Plus Improvements mortgage can get you the extra cash you need to get your renovations completed. The Standard Refinance An everyday refinance allows the home owner to access up to 80% of the fair market […]

First time home buyer? Read on! On March 19, the Federal Government announced the official 2019 budget. One major topic on the discussion table (and one we were all holding our breath for) was the discussion of affordable housing in Canada. So just what happened on “Budget Day?” Here are the highlights of the 2019 […]

Read on for information on minimum down payments! Are you looking for that new dream home, or anything that will get you out of your current rental property so you can officially become a homeowner? If so, what is the minimum amount you are required to put down? Below are three different purchase price categories. […]

See if you are ready to buy a house. Here are 7 signs that you’re ready to buy your first home… 1. You have saved enough for the down payment Most people think the biggest hurdle to overcome when buying a house is saving up a down payment. You normally need to save at least […]

You may qualify for tax rebates.  It’s getting to be that time of year when we are collecting our tax receipts to file taxes and hopefully get a nice cheque back from CRA. 1st time Homebuyer’s Tax Credit If you purchase a home in 2018 don’t forget to apply for the $5,000 tax credit. This […]

Looking to refinance? Read on! Many of my clients and friends regularly ask me when or if they should consider a refinance. Here are 4 quick questions that I ask of them. The answer they give me, will very quickly tell me if we should be taking a deeper look at the mortgage refinance options […]

Save time and avoid disappointment! You’ve decided that you want to buy a home and you call up a realtor to show you a listing and the first question they ask is “ How much are you pre-approved for?” Many realtors will refuse to book home viewings until they can confirm that you are pre-approved. […]

Buying your first home does not have to be scary! So you’re wanting to buy a new home? That is some very exciting news. First question, are you prepared?! We all know big-item purchases are scary. It’s expensive, you are fully committing to this household – there is no turn backing without that pricey consequence. […]

Great tips to help improve your credit score! Though credit scores aren’t always an indicator of financial health, they are used in a variety of ways that could have a major impact on your life. Interest rates (including mortgage rates) are almost always determined by your credit score. Some employers & landlords may require a […]