Monoline Lenders
Collateral Charge
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 …
Continue reading "Working with a Mortgage Broker – How it Works"
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 …