29 Dec

4 Common Financial Mistakes Every Small Business Owner Should Avoid

General

Posted by: Debbie Jacobsen

4 Common Financial Mistakes Every Small Business Owner Should Avoid Every entrepreneur and business owner will make a few financial mistakes during their journey. Those who aren’t savvy in accounting often overlook the need to brush up on their financial IQ. Truth is, these little financial errors can lead to some serious cash flow problems […]

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29 Dec

I’ve never heard of that lender before

General

Posted by: Debbie Jacobsen

I’ve never heard of that lender before One of the benefits of working with an independent mortgage professional; compared to getting your mortgage through a single institution, is choice. And as there are even more mortgage rules coming into place January 1st 2018, now more than ever, having access to a wide variety of mortgage […]

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29 Dec

Mortgage Payment Options… Which is the Best Option for Your Situation?

General

Posted by: Debbie Jacobsen

Mortgage Payment Options… Which is the Best Option for Your Situation? Once your mortgage has been funded by your lender, you need to decide on how frequently you want to make your mortgage payments. Most people want to pay off their mortgage as quick as possible to save paying interest. We’ll discuss various mortgage payment […]

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29 Dec

Documents you need to qualify for a mortgage

General

Posted by: Debbie Jacobsen

Documents you need to qualify for a mortgage Being fully pre-approved means that the lender has agreed to have you as a client (you have a pre-approval certificate) and the lender has reviewed, approved ALL your income and down payment documents (as listed below) prior to you going house hunting. Many bankers will say you’re […]

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29 Dec

3 Mortgage Terms You Need to Know

General

Posted by: Debbie Jacobsen

3 Mortgage Terms You Need to Know Prepayment, Portability and Assumability Prepayments One of the most common questions we get is about mortgage prepayments. The conditions vary from lender to lender but the nice thing about prepayments is that you can pay a little more every year if you want to pay off your mortage […]

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29 Dec

Is it time to lock in a variable rate mortgage?

General

Posted by: Debbie Jacobsen

Is it time to lock in a variable rate mortgage? Approximately 32 per cent of Canadians are in a variable rate mortgage, which with rates effectively declining steadily for the better part of the last ten years has worked well. Recent increases triggers questions and concerns, and these questions and concerns are best expressed verbally […]

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29 Dec

New Mortgage Rules Coming Jan 1 Boost November Home Sales

General

Posted by: Debbie Jacobsen

New Mortgage Rules Coming Jan 1 Boost November Home Sales So here we are in the lead-up to the January 1 implementation of the new OSFI B-20 regulations requiring that uninsured borrowers be stress-tested at a mortgage rate 200 basis points above the contract rate at federally regulated financial institutions. It is no surprise that […]

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29 Dec

Much Ado About Almost Nothing–Non-Resident Ownership of Housing

General

Posted by: Debbie Jacobsen

Much Ado About Almost Nothing–Non-Resident Ownership of Housing Statistics Canada in conjunction with Canada Mortgage and Housing Corporation (CMHC) released their first report this morning from the Canadian Housing Statistics Program (CHSP), providing data regarding the non-resident ownership of Canadian housing. This program was mandated by the last federal budget, filling in a significant data […]

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