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 […]

More and more I realize how so much information regarding mortgages never gets to the consumer.  I’m going to start blogging some mortgage information that will help people understand the process of getting a mortgage in today’s world.  Many are still under the impression it’s the same getting a mortgage now than it was 5 […]