Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
A TFSA high on weed stock + MORE May 24th
Stella & Mat
Stiver-Balla
AGE: 28 and 32
PLACE: Toronto
TFSA TOTAL: $77,210
STRATEGY: Growth and blue-chip stocks
Me and my TFSA
Four years ago was an important time for Mat Stiver-Balla. In 2013 he married his wife Stella, 28, and he began investing in his TFSA.
Like most young inves.... More »
Housing starts near 10-year high on Toronto condo boom + MORE Dec 9th
Canada Mortgage and Housing Corp. says the pace of housing starts picked up in November, with condo building in Toronto driving the trend..... More »
Looking Beyond the Big Banks: How Playing the Mortgage Field Could Save You Thousands Mar 3rd
When it comes to your mortgage, there’s no need to settle for the most obvious options. When the time comes to buy a house, most Canadians rely on only the ‘big six’ banks to find a competitive interest rate. An HSBC study from last year shows Canadians are among the least likel.... More »
Mortgages: The Digital Future Oct 7th
Most of the financial world is already heavily invested in online distribution. And then there’s the mortgage business. Our industry is scampering to catch up. But catch up it will…and soon. That was the vivid takeaway from last week’s 2nd annual Digital Mortgage Conference in San Francisco. I.... More »
Report: New Mortgage Stress Test Cutting 18% of Home Buyers Out of the Market Aug 7th
According to a new report by the Mortgage Professionals of Canada (MPC), new stricter mortgage rules are leaving 18 per cent of home buyers out of the market. The MPC report found that while many Canadian home buyers could afford to make monthly payments at the bank’s contract rate, the higher ba.... More »
More Rates Now Hinge on Credit Scores
– canadianmortgagetrends.com
Never before has your credit score had such an impact on your mortgage rate. Ever since the banking regulator (OSFI) jacked up capital requirements on default insurers, and linked its capital formula to credit scores, more and more securitizing lenders have: a) set different rates for different credit score ranges; and/or b) raised their minimum credit scores for given mortgage products. At some lenders, borrowers with, say, a 640 credit score are offered rates that are 1/4 point worse than someone with a 750 score. Many retail channel lenders set their internal discounts based on credit scores as well. On conventional mortgages, the magic number seems to be READ MORE
