Mortgage Blog

Canada's Mortgage Experts

Category: Financing (12 posts)

5 reasons to get a second opinion on your mortgage renewal.

5 reasons to get a second opinion on your mortgage renewal.

January 27, 2021 | Posted by: Lisa Glasper

Given the large financial commitment of a mortgage, it's surprising that so many homeowners sleepwalk through the mortgage renewal process and don't look at all their options in the marketplace. Many ... [read more]

What is the Qualifying Rate?

What is the Qualifying Rate?

November 19, 2018 | Posted by: Lisa Glasper & Jenn Wightman

The Department of Finance introduced the Qualifying Rate in 2010 as a new way to assess borrower eligibility and ensure borrowers can handle their payments should rates begin to rise. The qualifying ... [read more]

What’s a monoline lender and how is it different from a bank?

What’s a monoline lender and how is it different from a bank?

November 19, 2018 | Posted by: Lisa Glasper & Jenn Wightman

I’m often asked about monoline lenders - who are they, what benefits do they offer, and how do you get access to a monoline lender anyway? Good questions.  “Mono” means “ ... [read more]

Why variable rate drops are creating a surge in activity?

Why variable rate drops are creating a surge in activity?

June 5, 2018 | Posted by: Lisa Glasper & Jenn Wightman

This Spring we’re seeing lenders getting aggressive with their pricing for variable rate mortgages: a sign that lenders are fighting for market share, making it a great time to be shopping for ... [read more]

Five Credit Habits That Can Boost Your Score

Five Credit Habits That Can Boost Your Score

March 28, 2018 | Posted by: Lisa Glasper & Jenn Wightman

Your credit score is essentially your passport to financial opportunities. With a possible range of 300 to 900, your score tells lenders what kind of a risk you are likely to be as a borrower. A low c ... [read more]

Bank of Canada increases benchmark rate

Bank of Canada increases benchmark rate

January 17, 2018 | Posted by: Lisa Glasper & Jenn Wightman

The Bank of Canada announced today that it is raising the overnight rate .25 per cent given a strong economy and despite the uncertainty surrounding NAFTA. The Bank noted that the Canadian and global ... [read more]

For 2018: Ten mortgage tips you won't get from your bank.

For 2018: Ten mortgage tips you won't get from your bank.

January 7, 2018 | Posted by: Lisa Glasper & Jenn Wightman

More new mortgage rules came into effect January 1, which will make it trickier to negotiate a mortgage for many Canadians. But with a little expert advice, I can help ensure you have a happy new year ... [read more]

No Change to Bank of Canada Rate

No Change to Bank of Canada Rate

December 6, 2017 | Posted by: Lisa Glasper & Jenn Wightman

The Bank of Canada announced today that it is holding the overnight rate steady, and indicated that they will be cautious in raising rates going forward. The Bank noted that consumer spending, busines ... [read more]

Less mortgage. Higher rate. What gives?

Less mortgage. Higher rate. What gives?

October 27, 2017 | Posted by: Lisa Glasper & Jenn Wightman

Think that mortgage rates are suddenly very confusing? It’s not your imagination. New Canadian mortgage rules have changed the way lenders operate in Canada. The good news is that you’re i ... [read more]

Why You Need an Emergency Fund And How to Get One

Why You Need an Emergency Fund And How to Get One

April 7, 2017 | Posted by: Lisa Glasper & Jenn Wightman

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ... [read more]

The Benefits of Investing in Income Producing Properties

The Benefits of Investing in Income Producing Properties

March 17, 2017 | Posted by: Lisa Glasper & Jenn Wightman

Making money in any real estate venture is a difficult task, and many people don't have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purch ... [read more]

Strategies to Dig Yourself Out of the Debt Hole

Strategies to Dig Yourself Out of the Debt Hole

March 10, 2017 | Posted by: Lisa Glasper & Jenn Wightman

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ... [read more]

Share This Page On:

Top