by debtcancel | Jul 8, 2021 | Credit Health, Mortgages
As you may have heard, the Bank of Canada recently changed the stress test rules as of June 1, 2021. With these changes, now both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage. The new qualifying...
by debtcancel | Jun 8, 2021 | Credit Health, Mortgages
When it comes to mortgages, it is easy to focus on the rates and your current situation, but the reality is that life happens and when it does, rates won’t be the only thing that matter. At the end of the day, a mortgage is a contract between you (the homeowner) and...
by debtcancel | May 19, 2021 | Credit Health, Mortgages
The term “rate hold” may be something you are familiar with if you have worked with me in the past. If not, it is a term that all prospective buyers should know!A rate hold is offered by the majority of lenders to clients who are purchasing a new home and need a...
by debtcancel | May 6, 2021 | Mortgages
According to RE/MAX, one of the biggest trends for Canadian homeowners in 2021 are move-up buyers looking to purchase a home that offers more space for them and their families. In fact, this is true for a whopping 29% of Canadians! Unsurprisingly, this demographic is...
by debtcancel | Apr 21, 2021 | Mortgages
There has never been a better time for your annual mortgage health check-up! By organizing a quick mortgage review each year, it may yield you some fruitful financial savings.Your home loan review this year will examine the most common potential monthly savings...
by debtcancel | Apr 6, 2021 | Mortgages
Do you know that reverse mortgages are continuing to gain popularity for 55+ homeowners in Canada?For many Canadians who are looking to retire but currently facing high debt load and ongoing expenses, as well as reduced income, it can be a challenge. This is where the...
