Mortgage Blog
Getting you the mortgage you deserve
Bank of Canada raises policy rate by 25 bps to 4.5% (Dr. Sherry Cooper)
January 26, 2023 | Posted by: Doug Neufeld
No surprises here: The bank of Canada hiked rates by only 25 bps, signalling a pause As expected, the Bank of Canada–satisfied with the sharp decline in recent inflation pressure–rai ...
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Do you know how a HELOC works?
May 24, 2022 | Posted by: Doug Neufeld
A recent published report by the Financial Consumer Agency of Canada stated that almost 7 in 10 HELOC holders were only moderately familiar with how HELOC’s work. Is that a big deal? Prob ...
read moreInterest Rate Announcement - Rates Finally on Their Way Up
March 2, 2022 | Posted by: Doug Neufeld
Today the Bank of Canada did what everyone expected and increased their benchmark rate by .25%. This marks the first change in almost 2 years - and likely signals that we’re close to the e ...
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Scanning Documents from your Mobile Phone
December 22, 2020 | Posted by: Doug Neufeld
Scanning documents and uploading them via out Client Portal is easy. If you don’t already have the documents saved on your computer or mobile phone, you can easily scan them as follows: S ...
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A Basement Suite - How Much of a Mortgage Helper is it?
November 30, 2020 | Posted by: Doug Neufeld
Home buyers often question whether it will make a significant difference in their purchasing power if they buy a home with a basement suite. The answer that most mortgage professionals give, is ...
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CMHC Further Tightens Mortgage Guidelines
June 5, 2020 | Posted by: Doug Neufeld
Breaking News – CMHC Announces Changes – July 1st You can read the official CMHC announcement here But here’s a quick summary of the changes effective July 1st: - &nb ...
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Should You Spend the Full Mortgage Amount You're Approved For?
November 27, 2019 | Posted by:
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...
read moreTake Advantage of Low Interest Rates – Refinance Your Mortgage Today!
November 20, 2019 | Posted by:
Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ...
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Strategies to Dig Yourself Out of the Debt Hole
November 13, 2019 | Posted by:
Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ...
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