New Mortgage Rules For 2018
Posted on Dec 12, 2017 in Mortgage Information
Brenda Upton from Dominion Lending Centres breaks down the new changes to the mortgage space:
Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage (Including non insured mortgages) must now prove that they would be able to cope with interest rates substantially higher than their contract rate by using a new minimum qualifying rat...
What's a Mortgage Pre-Approval?
Posted on Apr 06, 2017 in Mortgage Information
Although going through the pre-approval process is important, the actual term ‘pre-approval’ is often misunderstood.
An important point to be clear on is that while you may be pre-approved for a certain mortgage amount, there are several variables that can derail a final approval once you write an offer on a property. As such it is imperative that o...
Big Changes for Canda's Housing Rules
Posted on Oct 05, 2016 in Mortgage Information
The federal government is throwing some cold water on Canada’s overheated housing market, hoping to keep Canadians out of unaffordable debt and slow down foreign investment in Toronto and Vancouver’s real-estate markets. Here’s a guide on what has happened so far, what it means and w...
