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 – How it Works
Perhaps you have been referred to a mortgage broker by your realtor, or you are thinking of using a broker for the first time for …
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Owner Occupied and Rental Properties
With the many mortgage rule changes implemented over the last few years, financing has evolved resulting in lenders underwriting owner occupied and rental properties differently. …
Interest Rates – Fixed or Variable
Should I go with a fixed rate or variable rate mortgage? This is a question you may be asking yourself if you are considering a …
Well Water
Thinking of purchasing a property serviced by well water? You can save yourself potential stress if you include a "subject to a satisfactory water potability …
Mortgage Pre-Approval
Without a doubt, a mortgage pre-approval is an important first step to take before you actively start looking at real estate. But what exactly does …