Borrowers Face Stricter Mortgage Rules Starting June 1
Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage. The …
Posts tagged mortgage
Mortgage Renewals-New Rules Making Things Harder for Homeowners
It’s not just new homeowners who are feeling the crunch of higher interest rates and tougher lending standards when it comes to mortgages: even those who bought …
COTTAGE LIFE? – What You NEED TO KNOW About FINANCING A COTTAGE
Ahhhh, the lake the trees, the call of the loon. It is all so wonderful and Canadian isn’t it? It’s cottage life and most of …
CMHC Jacks up Mortgage Insurance Premiums for Buyers with Small Down Payments
Yikes. Not much of a break for home buyers with not much to put down on their new home here. Actually quite the opposite. Come …
Mortgages and Bankruptcy – Can They Mix?
If you’ve declared bankruptcy in the past, you are not alone. Sometimes it is the only choice in a difficult situation. So that being said, sometimes …
Why You Should Consider a Mortgage Broker
For many of us, buying a home is a large, sometimes daunting purchase…yet exciting all the same. But, unless your long lost uncle left you …