Jenna Nash-McCabe is a mother, wife and mortgage specialist living in Valleyview, Kamloops. She lives with her husband Tyrone and two daughters, Brooklyn and Harper. While Jenna works at Mortgage West, Tyrone is the manager of Utility Services with the Thompson-Nicola Regional District (TNRD). Like so any families in Kamloops, the Nash-McCabe family enjoys playing […]

In light of the new market realities and tightening of credit underwriting standards by both lenders and mortgage default insurers as of late, keep in mind that now – more than ever – it’s important to be careful what you do between the time your mortgage is approved and when it funds. A few mortgage […]

Selecting the length of your mortgage amortization period – the number of years it will take you to become mortgage-free – is an important decision that will affect how much interest you pay over the life of your mortgage. While the lending industry’s benchmark amortization period is 25 years, and this is the standard that […]

Canada’s benchmark rate (a.k.a. minimum stress test rate) has decreased from 5.04% to 4.94% effective May 25, 2020. What does this mean for you? A lower qualifying rate means you, the borrower, can increase your purchasing power slightly and increase the amount of mortgage you’ll qualify for. Good news: The drop from 5.04% to 4.94% now means you can […]