OUR TEAM IS PROUD
TO HELP OUR FRIENDS
GET THE VERY BESTmortgages
OUR TEAM IS PROUD
TO HELP OUR FRIENDS
GET THE VERY BESTmortgages
In a recent post, we looked at how changes to the way Canadian banks are calculating mortgage requirements (in coordination with the Finance Minister’s office) are dramatically altering the amounts that homebuyers can actually qualify for. These shifts have taken many of us – even those of us within the industry – by surprise. That [...]
In recent months, big changes have been made to the way Canadian banks look at your available income and debt servicing for the purposes of loan qualification, and those changes could have enormous effects on your ability to qualify for a home. The changes reflect the decision of the Ministry of Finance to tighten borrower [...]
1. Plan to live in your home for at least 10 years. It you are planning to remain in your home for 10 years, there is a good change that the market will recover from any declines. 2. Make lump-sum mortgage prepayments. “Money you use to pay down a mortgage goes directly against your outstanding [...]
Recent Comments