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Tag Archives: mortgage broker
How Reliable Are Forecasts (Weather or Interest Rate)?
Is it just me – or have you noticed the unpredictable weather and inaccurate weather forecasts lately? Are we supposed to wear shorts or winter boots? Forecasters can’t seem to get it right. Predictions for huge snow events don’t materialize … Continue reading
Posted in First Time Home Buyer, General, Mortgage Rates, Mortgage Strategies
Tagged forecast, mortgage, mortgage broker, Tracy Irwin
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Changes in our Economic Landscape: What Does It Mean For You?
Inflation and rapidly rising interest rates have cooled off the real estate market. Supply and demand has shifted. You’ve probably noticed more “for sale” signs in your neighbourhood. I know I have. That means the inventory of homes for sale … Continue reading
THINKING About Buying a Home? Get Organized First!
The moment you start thinking about buying a home is the moment to start thinking about where your down-payment will come from. Moving all your sources of money for a down-payment into a single “staging” bank account will help. This … Continue reading
Changes to Stress Tests for Insured and Uninsured Mortgage Financing
Follow the Leader… Starting June 1, both insured and uninsured mortgage borrowers are subject to a stricter stress test when qualifying for their mortgage. The Office of the Superintendent of Financial Institutions (OSFI) confirmed that it has moved ahead with … Continue reading
Posted in First Time Home Buyer, General
Tagged mortgage broker, mortgage financing, mortgage stress test
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Feel Like You’ve Missed Your Opportunity to Buy a Home?
Based on consumer surveys the answer is a resounding NO! What You Should Know About Homeownership in 2021: We know economic forecasting in this rapidly changing COVID-19 environment is impossible because of extreme uncertainty related to key factors that drive … Continue reading
Posted in General
Tagged mortgage broker, mortgage professionals of canada, Tracy Irwin
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Are You Stressed Out by Mortgage Stress Tests?
Considered a “one size fits all” tool, the Mortgage Stress Test affects all homeowners alike, regardless of whether you are a first-time home buyer or homeowner preparing to renew* or refinance their mortgage. *Homeowners renewing their mortgage financing who fail … 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
Will Justin Liberally Apply “Real Change” to the Housing Market?
The new Liberal government says, “We will make it easier for Canadians to find an affordable place to call home.” Today, one in four Canadian households is paying more than it can afford for housing, and one in eight cannot find … Continue reading
Posted in General
Tagged affordable housing initiatives, Canadian, mortgage broker, Tracy Irwin
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Conventional Mortgage versus Collateral Mortgage
Do you know the difference? Many people don’t know the difference between a conventional and a collateral mortgage. Why? Because most of the time the information is buried in the fine print of a detailed agreement. That despite the fact … Continue reading
Posted in General, Mortgage Strategies
Tagged collateral mortgage, conventional mortgage, mortgage broker, Tracy Irwin
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Where Do You Fit In?
The Annual State of the Residential Mortgage Market in Canada probes into how Canadians are managing their mortgage debt. Here are a few of the highlights of the fall 2014 survey: The average mortgage interest rate is 3.24%, identical to … Continue reading
Posted in General, Mortgage Strategies
Tagged mortgage broker, Residential Mortgage Market, Tracy Irwin
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