Articles About Mortgages

Changes to CERB Qualifications

In response to growing concerns about eligibility, specifically for those who have maintained employment but had their hours reduced during the crisis, the federal government announced a series of changes to the Canada Emergency Response Benefit (CERB).  On April 15th the Prime Minister announced that the program would be expanded to include those who have...

Resources to Help Canadians Through The Economic Fallout Of COVID-19

It’s only been a few weeks since Canada’s first confirmed case of coronavirus, and just about everyone is feeling the effects of the global pandemic in one way or another. Even those fortunate enough not to contract the virus are getting accustomed to social distancing, mass closures and is bracing for difficult economic times ahead....

How COVID-19 is Affecting Mortgages and the Real Estate Market in Canada

Ever since the start of the year when the coronavirus first started to become an issue, the Government of Canada bond yields have been on a downward trajectory. As a result, fixed mortgage rates fell off a cliff in January and February. A lot depends on how the coronavirus situation plays out and how quickly health officials can get it under control, but this is how I see things going if coronavirus is under control by the summer (hopefully a lot sooner).

Mortgage Points Information for New Buyers

Mortgage Points Information for New Buyers

Holding the keys to that first home is a milestone event in the life of an adult. New home buyers can become so caught up in getting a new residence that they miss the implications of important fine details of financing a mortgage. For instance, the impact of mortgage points on their loan may get...
10 Ways to Save for a Down Payment

10 Ways to Save for Down Payment

Finding ways to save for a down payment is a normal part of the process of purchasing a home. The majority of home buyers secure financing to make what is probably the largest purchase of their lives. Here are 10 practical ways to save for a down payment!

Buying a House in 2020

Buying a House in 2020: Things You Need to Know and Prepare

Homeownership is something many Canadians dream of. A place to call your own. With high housing prices, this goal may seem unattainable but there are some steps you can take to help you get there. If buying a house in 2020 is on your bucket list, here are the steps to prepare you.

How to Build Your Team Before You Buy a House

In a perfect world, you find a house you love, you buy it, and live happily ever after! If only house hunting was as fast and easy as a transaction at the mall. Buying a property is a process that requires time, money, energy, and a qualified team to help you navigate the journey. To help you build your team and prepare for a house purchase, here is what you need to know!

House Buying Tips - How to Buy a House with Your Partner

How to Buy a House with Your Partner

Buying a house is a big step. It’s expensive, time-consuming and stressful. But when everything is said and done, it can be one of the most rewarding experiences in your life. Having a partner to navigate this experience with you can be a blessing with the proper planning and communication. Here are 4 things to discuss with your partner before buying a house together.

Canadian Mortgage Stress Test FAQs

On January 1, 2018 the Canadian government applied new guidelines to the Mortgage Stress Test (MST). Basic requirements were already in place for borrowers who put less than a 20% down payment on their home mortgage loan. With the new test guidelines, all conventional mortgage loan borrowers became subject to the new revisions regardless of the down payment amount. The changes included a number of other stringent rules for federally governed lenders to approve mortgages.

10 Money Myths Debunked

8.5 Common Money Myths Debunked – A Financial Exposé

It isn’t always easy to spot misinformation because of the volume of money myths going around. Therefore, there’s no greater time than the present to debunk myths that have impacted how people use credit, save money, and make investments. In no particular order, here are ten of the most popular money myths!

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