Since most couples have a joint mortgage – one where both names are on the mortgage and title of the home – when separation or divorce proceedings get underway, many wonder what will happen with the home. When the marriage comes to an end, there are two obvious options concerning the home: 1) sell the […]

If your Mortgage is up for renewal in the next few years, it’s never too early to prepare so that you are sure to get the lowest rate in the market at that time.  Your mortgage rate can be held for up to 120 days prior to the actual maturity date.  Lenders will not usually […]

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Most Canadians do not fully understand how credit scores are generated yet they are the most important determining factor when being approved for a mortgage.  If you need to improve your credit score and make a quick impact, here are 5 ways to do it quickly and effectively.  ~Pay All Bills on Time – Late […]

The first is that the 2.99% BMO five-year mortgage isn’t quite as good as it sounds.  The media blasted the low rate and it triggered home owners and buyers to jump at it.   BMO’s recent move to bring its rate below the psychologically significant 3% mark for fixed-rate five-year mortgages is being treated as a […]

Call me for help!  Often I will talk to clients about either an upcoming mortgage renewal or details surrounding their mortgage, and through discussion they express to me the stress they’ve been feeling with either high debts or interest.  If you are in this situation, call me, there are so many solutions and ways that […]

Most people know who’s on title to the property but they rarely know how the ownership is registered and what rights people have with their portion of the property.  This is important to know in the event that somone on title dies.  Depending on how you regsiter your property at the land titles office will […]

Wondering how you will be affected by the upcoming changes to CMHC mortgage insurance premiums?  Below is the grid outlining the increases.  Don’t worry, it won’t have a huge effect, on a $250,000 mortgage, you would be looking at about an increase in payment by about $5 per month.  Call me directly if you want […]

If you are self employed and needing a mortgage, get the following documents prepared: Most recent Notice of Assessment If there was a balance owing, those taxes must be paid so ensure you have confirmation of that Confirmation of being self employed for the past two years; Sole Proprietor: 2 years T1 Genereals (full copy) […]

Great news for variable rate mortgage holders.  BoC announced yesterday that they would once again leave rates unchanged.  The result is no changes to the Prime rate which directly affects variable rate mortgage holders.  So looking at all indicators and statements made by the bank yesterday, there’s no danger of variable rate hikes in the […]