Are you approaching your mortgage renewal? You may have an opportunity to switch lenders and secure a better rate—without the hassle of re-taking the stress test! What’s Changing? Traditionally, if you wanted to switch lenders at renewal, you had to pass the mortgage stress test again, even if your payments remained the same. But now, […]

Today’s inflation report for September has brought a wave of positive news, suggesting that policy rates might have reached their peak. As Dr. Sherry Cooper, Chief Economist at Dominion Lending Centres, highlights, the recent data surpassed expectations, signaling a potential shift in the trajectory of inflation and monetary policy. In the report, Dr. Sherry Cooper […]

As a mortgage broker, I understand that one of the most challenging conversations you may have with your aging parents revolves around their financial well-being and housing needs. One option that often comes up in these discussions is a reverse mortgage. Reverse mortgages can be a valuable tool for seniors looking to access their home […]

Introduction: Purchasing a home is a significant investment, and securing a mortgage is a crucial step in the process. However, unforeseen circumstances, such as job loss, can complicate your mortgage application. Understanding how job loss impacts your application and knowing the right steps to take is essential. In this blog post, we will explore the […]

Introduction: Purchasing a home is a significant milestone for many individuals and families. However, one of the most significant financial commitments that come with homeownership is the mortgage. While the traditional mortgage term may span several decades, wouldn’t it be fantastic to pay off your mortgage faster and enjoy the freedom of owning your home […]

Introduction When it comes to applying for a mortgage, there are several key factors that lenders consider before granting approval. Among these factors, debt servicing ratios play a vital role in determining your eligibility. As a mortgage broker, I understand the significance of these ratios and their impact on your borrowing capacity. In this blog, […]

Bridge financing is a short-term solution that can help you access equity from your existing property to put towards the down payment of your new home. This type of financing is especially useful when you need to bridge the financial gap between the firm sale of your current home and the firm commitment to purchasing […]

Top 8 Questions About Reverse Mortgages. Written by Mich Sneddon, CPA, CA – Reverse Mortgage Pros Having completed dozens of reverse mortgage deals, there are some questions that I find I get over and over again. So today I thought I’d write a piece on the 8 most common reverse mortgage questions that people in Canada […]

Alternative lending in Canada refers to lending solutions that are not offered by traditional financial institutions like banks, credit unions, or trust companies. Instead, alternative lenders include private lenders, mortgage investment corporations (MICs), and other specialized lenders who offer non-traditional lending products. These lenders typically provide financing options to individuals or businesses who may not […]

As a mortgage broker in Canada, I often get asked about second mortgages and how they work. Second mortgages can be a valuable tool for homeowners looking to access the equity in their homes for a variety of reasons. In this blog, I will explain what a second mortgage is, how it works, and some […]