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People will often ask if a mortgage is with an A or B lender, however few are aware of what these terms mean. The big banks will often refer to [...]

Fixed mortgage rates continue to set new historical lows, and have been dropping almost weekly since late spring. But has the downward mortgage rate spiral come to an end? Fixed [...]

With mortgage rates reaching new historical lows, pretty much everyone in a fixed rate mortgage is paying a much higher rate than what’s available in today’s market. With 5 year [...]

It’s hard to believe that we’re almost halfway through the fall season and that Halloween is only a few days away. Time really does fly. While we prepare for the [...]

The first quarter of 2020 was a roller coaster for mortgage rates. In February, they were falling faster than anyone could keep up. This made it difficult for industry professionals [...]

There are many choices involved with setting up your mortgage, which can make selecting the right mortgage an overwhelming process. Do you go to a bank or a broker? Who [...]

There are two ways in which a mortgage lender can register your mortgage. As a standard charge, or as a collateral charge. A charge is just another way of saying [...]

If you are like most, the first question that you’ll ask a mortgage professional is “what is your best mortgage rate.” While rate is a highly important component, there several [...]

There used to be a time when each lender had a single rate for a 5 year fixed mortgage. If someone inquired on the lowest rate, we would simply quote [...]

Pretty much all variable rate mortgages can be converted into a fixed rate at any time during the term, and at no cost. In a typical market, variable rate mortgages [...]

This morning marked the eighth interest rate announcement of the year by the Bank of Canada. Usually we don’t see the eighth announcement until December, but given that the BOC [...]

Many people request a 25 year amortization because it’s considered standard, without much other thought. They may associate a 30 year amortization with paying more interest, and that it will [...]

It’s not a secret that a credit check will impact your score, but is this something that you should be worrying about when applying for a mortgage? Let’s look into [...]

Anyone looking to get pre-approved for a mortgage will soon be qualifying for a higher amount. The Bank of Canada is expected to lower their 5 year mortgage rate to [...]

I remember when 5 year fixed mortgage rates first broke below 4% around 10 years ago. It was unreal to see rates this low, and many thought they couldn’t possibly [...]

You’re purchasing a new home and all your conditions for your mortgage approval have been satisfied. That is… all except for the appraisal. If the appraisal were to come in [...]

This morning, the Bank of Canada announced that they will be maintaining their overnight rate at 0.25%. No big surprise here, and any movement from the BOC this morning would [...]

With all the pent-up demand for real estate, and with mortgage rates at record lows, the Greater Toronto real estate market is hot. We have been getting more requests for [...]

Canada Day in the middle of the week! Woohoo! Not quite as convenient as having it on a Friday or a Monday, but look at it like this… It’s like [...]

2020 has been an interesting year, and definitely one that we will never forget. When everyone started to realize the severity of the pandemic back in mid-March, people started to [...]

  The past few months have been a roller coaster for mortgage rates. In early March, they were falling faster than we could keep up with. We would quote a [...]

Last week, the Canadian Mortgage and Housing Corporation (CMHC) announced that they will be adjusting some of their policies effective July 1st. The most notable change is the lowering of [...]

Unlike the past few interest rate announcements by the Bank of Canada, their announcement this morning was not as highly anticipated. Everyone pretty much knew the outcome, so no surprises [...]

The Canadian Mortgage and Housing Corporation (CMHC) recently hinted that they may be increasing the minimum down payment to purchase real estate from 5% to 10%. The reason for this [...]