by Glenn Maclaren | Nov 30, 2017 | Blog, Mortgage
There aren’t too many Canadians who are able to save up enough money to pay cash for their home. This is why we have mortgages. A mortgage is a loan made to assist a borrower to purchase a property. The property is held as collateral and interest is charged on...
by Glenn Maclaren | Nov 9, 2017 | Blog, Mortgage
One of the benefits of working with an independent mortgage professional; compared to getting your mortgage through a single institution, is choice. And as there are even more mortgage rules coming into place January 1st 2018, (read about them here) now more than...
by Glenn Maclaren | Oct 25, 2017 | Announcements, Blog, Mortgage
The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Inflation has picked up in recent months, as anticipated in the Bank’s July Monetary Policy...
by Glenn Maclaren | Oct 17, 2017 | Announcements, Blog, Economy, Finance, Mortgage
If you’ve tuned into the news today, you’ve probably heard that there are new mortgage rules coming into effect on January 1st. 2018. Over the next week you’ll most likely hear a lot of commentary on whether these rules are good, bad, necessary, or...
by Glenn Maclaren | Oct 5, 2017 | Blog, Mortgage
Collecting the right documentation to prove you are a worthy candidate to borrow a lot of money to buy a property can be an arduous task. The most recent government rule changes and tightening of mortgage qualification isn’t making things easier. If you seem to...
by Glenn Maclaren | Sep 6, 2017 | Announcements, Blog, Mortgage
The following is the Bank of Canada rate announcement released this morning, if you have any questions about what this rate increase means for you and your mortgage, please don’t hesitate to contact me anytime. If you’re a fixed rate mortgage holder, this change...
