Archive for June, 2013

House mortgage.
How to Stop New Debt Servicing Guidelines From Killing Your Home Purchase

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 [...]

By Lori on June 26, 2013
in Mortgage Broker Services
What You Need to Know About New Canadian Debt Servicing Guidelines

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 [...]

By Lori on June 13, 2013
in Mortgage Broker Services
Five strategies to keep peace of mind in a fluctuation housing market

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 [...]

By Lori on June 3, 2013
in Uncategorized

Heartwarming Stories

Source was absolutely great to work with - went above and beyond to help us get everything done when buying our new home. Highly recommended!! Chad and Jenelle Richards Jan 09 2013

Chad and Jenelle Richards
Added January 23rd 2013

Interest Rates

6mth Term 3.95%
1yr Term 2.99%
2yr Term 2.69%
3yr Term 2.99%
4yr Term 3.39%
5yr Term 3.04%
V.R.M. Prime-.65 or 2.35%

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