by Renee Wynter | Sep 5, 2018 | Announcements, Blog, Mortgage
The Bank of Canada today maintained its target for the overnight rate at 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent. CPI inflation moved up to 3 per cent in July. This was higher than expected, in large part...
by Renee Wynter | Aug 28, 2018 | Blog, Homeownership, Mortgage
One of the benefits of working with an independent mortgage professional is having lots of great financing options! Rather than dealing with a single lender who has one set of products, brokers work with multiple lenders who offer a wide selection of mortgage...
by Renee Wynter | Aug 21, 2018 | Blog, Mortgage
The simple answer to this question is no. In order to secure mortgage financing in Canada you have to come up with at least a 5% downpayment. Now, if you haven’t set aside the 5% for a downpayment in your savings account, that is okay. There are still a few ways...
by Renee Wynter | Aug 14, 2018 | Blog, Mortgage
Chances are, if you’re applying for a mortgage, you feel confident about the state of your current employment, or your ability to find a similar position if you needed to. However, your actual employment status probably means more to the lender than you might...
by Renee Wynter | Aug 7, 2018 | Blog, Finance, Homeownership, Mortgage
This should come as no surprise, but sometimes life throws you a financial curveball. Bankruptcy and consumer proposals happen. It doesn’t mean your life is over, and it doesn’t mean you won’t ever qualify for a mortgage again. The key here is to get...
by Renee Wynter | Jul 31, 2018 | Announcements, Blog, Finance, Mortgage
Along with employment stability, and downpayment/equity, your credit score and how you manage your credit is a huge factor in qualifying for a mortgage. If you want the best interest rates available on the market, the higher your credit score the better. However, if...
