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Category Archives: First Time Home Buyer
Cast Your Mortgage Financing Sails
This month, we’re presenting a boatload of helpful mortgage and financing news. You don’t have time to know everything there is to know about mortgage financing, especially when there are so many changes. Trust Tracy to help you navigate lending … Continue reading
Why Work With a Mortgage Broker?
In short, Mortgage Brokers provide options and information to guide consumers through the complicated mortgage application process. This is especially true in view of the Office of the Superintendent of Financial Institutions’ newly enacted tighter lending requirements, in turn triggering … Continue reading
Is Home Ownership Still Within Reach?
New Mortgage Rules? Last week, we saw the beginning of the hearings in Ottawa on the new mortgage rules. The Mortgage Centre worked long and hard on a written submission to the Standing Committee on Finance and Tracy wants to … Continue reading
Ontario Helping First-Time Homebuyers!
Doubling the Rebate on Land-Transfer Tax Ontario is doubling the rebate on the land-transfer tax for first-time homebuyers to $4,000, but is increasing the same tax on homes that sell for over $2 million. The government says half of first-time … Continue reading
Will You Pass the Mortgage Rate Stress Test?
A doctor may prescribe a stress test to safeguard your health by monitoring breathing, blood pressure and heart rhythm. The Department of Finance is prescribing one to protect the financial security of Canadians and support the long-term stability of the … Continue reading
Does Size Really Matter?
The January 12 announcement of the acquisition of Mortgage Architects by DLC Group of Companies – which includes The Mortgage Centre – prompts the question, “will this acquisition really make a difference for consumers looking to finance, renew or refinance … Continue reading
Six Things You Never Knew About Tracy Irwin, Mortgage Broker
Happy New Year! May your 2016 be filled with abundance, joy and the fulfillment of all your hard work! “Write it on your heart that every day is the best day in the year.” ~ Ralph Waldo Emerson Six Things … Continue reading
Suite Income: New CMHC Rule Allows 100% of Rental Income for Mortgage Qualification
September 28, 2015 is the date that Canada Mortgage and Housing Corporation (CMHC) will start allowing 100% of rental incomes from legal secondary suites to be used when qualifying for a mortgage. Currently CMHC allows 50%. The move is meant … Continue reading
First Time Home Buyer? You’re Not Alone!
That’s what the Canadian Association of Accredited Mortgage Professionals (CAAMP) semi-annual mortgage survey shows. This is THE survey that gauges the pulse of the housing market in Canada. This year’s highlights include new data points that shed light on previously unexplored topics, … Continue reading
Posted in First Time Home Buyer, General
Tagged first time home buyer, mortgage financing, mortgage rates
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