NEW QUALIFYING RULES

NEW QUALIFYING RULES

As of October 17, 2016, all new mortgages that are high ratio (less than 20% down) will have to qualify using a stress test rate. That rate is called a bench mark rate (currently today it is 4.64%). Clients will still receive the lowest discounted rate however they...
BORROW YOUR DOWN PAYMENT

BORROW YOUR DOWN PAYMENT

Did you know that if you have great credit, income and if borrowing your 5% fits in line with your debt servicing ratios, you can borrow your down payment?This is great for clients who are renting and the landlord just advised them they are selling the house. Since...
WILLS

WILLS

Here is a list of the top 7 reasons of why you should have a will:1. Don’t let the government be in charge of your money and assets. Pick an executor and make sure you tell family where your will is.2. Make your wishes known. How are you dividing your assets? Is there...
TIPS FOR FIRST TIME HOME BUYERS

TIPS FOR FIRST TIME HOME BUYERS

Buying your first home can be a challenge, especially if you’re not prepared for all the financial obligations and steps leading up to making an offer. It can be a confusing journey, so here are a few tips for first time home buyers, to make this process as painless...