Mortgage Stress Test Changes are now on hold. Effective April 6, 2020 the federal government is amending the figure used to stress test high ratio mortgages (borrowers with less…
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The FTHBI is a shared-equity mortgage program, meaning the government shares in the gains and losses of your home’s value as it fluctuates over time. Through the incentive, Canada Mortgage…
A competitive rate is most important however the terms of the mortgage should also influence the suitability of a mortgage for you. The terms of your mortgage should offer the…
A competitive rate is most important however the terms of the mortgage should also influence the suitability of a mortgage for you. The terms of your mortgage should offer the…
Your Mortgage Renewal will NOT be subject to the new Stress Test rules if you had your mortgage PRIOR to the new rules being implemented in October/November 2016. Despite what…
Is it possible to successfully obtain a mortgage after a Bankruptcy? Many Canadians find themselves bogged down with a poor credit rating resulting from situations out of their control –…
RRSP Home Buyers Plan – A First Time Home Buyers Loan Saving up for the down payment for your first home often feels like an impossible task but the good…
Do you have credit cards, personal loans and unsecured credit lines and finding it difficult to manage payments? Interest rates on credit cards can be as high as 28% and…
We live in a country where a good credit history is one of the most important things we can have. Without it you impair or lose your ability to borrow…
“In the tug of war between affordability and protecting the banks, as the new stress test rules remind us, the government has come down clearly on the side of the…