A Brokers Services

Posted On Jul 14, 2023

As a mortgage broker, I offer OPTIONS, SAVINGS & SERVICE with NO FEES (Subject to credit approval). The bank pays me!I can help with:Purchase financingRenewalsInvestment propertiesCottagesEquity take-out optionsSelf-employed solutionsDebt...

Mortgage Tips: Conventional/Uninsured Purchase

Posted On Jul 14, 2023

Conventional/Uninsured PurchaseMinimum 20% down paymentPurchase price can be above $1M “Sliding scale” financing applicable on some purchase prices above $1M (depending on lender/bank)For example: $1.5M purchase price might offer 80% financing...

Another Rate Hike on The Way?

Posted On Jun 06, 2023

With inflation on the rise in April, economists say the BoC is likely to raise the overnight lending rate again. This will impact variable rate mortgages and lines of credit.  Read more here: There’s a chance of a BoC rate hike this week, but...

Utilizing Home Equity

Posted On May 29, 2023

Are you or someone you know experiencing cash flow challenges? In today's inflationary economy with rising costs of essentials like groceries, gas, utilities, and mortgages, it can be difficult to meet financial obligations. But don't worry...

High Ratio/Insured Purchase

Posted On May 29, 2023

A high ratio/insured (i.e. CMHC) purchase consits of:Minimum 5% down paymentLess than 20% down paymentMaximum purchase price of $999,999Maximum 25 year amortizationPurchase price over $500k requires 5% of the first $500k and 10% balance above $500k ...

Mortgage Tips: High Ratio Insured vs Conventional Uninsured Mortgages

Posted On Apr 25, 2023

To qualify for a "High Ratio Insured" (i.e. CMHC) mortgage, the purchase price cannot exceed $999,999 in order to fit the insurers guidelines.A High Ratio Insured mortgage can be qualified with less than 20% down payment. The property is usually...