Archive for March, 2014

What is a Mortgage Broker and why do you Need One?

Maybe you’re like a lot of people. You’ve heard of mortgage brokers before but you’ve always got your mortgage from your bank and you aren’t sure what the difference is between a broker and a bank. The mortgage industry is extremely competitive these days and everyone wants to lend you money (well almost everyone). You [...]

By Lori on March 30, 2014
in Uncategorized
What You Need to Know About New Canadian Debt Servicing Guidelines
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 March 24, 2014
in Uncategorized
mortgage broker
How Does a Mortgage Broker Get Paid?

If you’re in the market for a mortgage you’ve likely been shopping around for the best rate. With mortgage interest rates as low as they are these days there isn’t a big difference between the rates different lenders can offer. However, even half a percentage point can make a big difference over the life of [...]

By Lori on March 15, 2014
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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