Title Changes
Title changes can happen for a variety of reasons. Some of those reasons include: tax purposes, marriage or divorce, co-signer / requalification changes, or estate …
Portability
If you are in a fixed rate mortgage and need to sell your property before the term is up, you may be able to exercise …
Appraisals
Appraisals play an important role in the lending industry. They are used by lenders to help determine the lending value of a property, but they …
Co-signer or Guarantor
Co-signer or Guarantor? What is the difference? How can they help? Here is our FAQ on the subject. So, you would like to purchase a …
Monoline Lenders
What is a monoline lender? A monoline lender is a lender that sources funds for mortgage financing from a range of different investors. These investors …
Collateral Charge
The Collateral Charge is something that you may see in your mortgage approval that gives you an option to register your mortgage at the Land …
Interest Rate Environment
The news of Canada and the US striking a NAFTA deal caused the Government of Canada 5 Year Benchmark Bond Yield to jump 9 basis …
Downpayment Verification
In our previous blog post on the Mortgage Approval Process, we touched on the Compliance part of the approval. Downpayment verification, in particular, can be …
Mortgage Approval Process
The mortgage approval process has 5 fundamental stages: the collection of information, submission to the lender, appraisal, document review, and file complete. Each stage forms …
Working with a Mortgage Broker
Here are some important notes to explain how working with a mortgage broker can be beneficial to you. Perhaps you have been referred by your …