As a first-time buyer, I am here to give you some tips on homebuyer mistakes to be on the lookout for so you can avoid them for the best experience possible! Thinking You Don’t Need a Real Estate Agent You might be able to find a house on your own, but there are still many […]

As you may have heard, the Bank of Canada recently changed the stress test rules as of June 1, 2021. With these changes, now both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage. The new qualifying rate on uninsured mortgages – where the down payment […]

Getting a mortgage and purchasing a home are possibly some of the biggest decisions you'll make in your life. I've compiled a list of 10 commonly asked mortgage questions for you below! Have a question that's not included on my list? Let's connect to discuss it! 1. What’s the best rate I can get? Rate, […]

According to RE/MAX, one of the biggest trends for Canadian homeowners in 2021 are move-up buyers looking to purchase a home that offers more space for them and their families. In fact, this is true for a whopping 29% of Canadians! Unsurprisingly, this demographic is made up mostly of younger Canadians (under 35) with growing […]

There has never been a better time for your annual mortgage health check-up! By organizing a quick mortgage review each year, it may yield you some fruitful financial savings. Your home loan review this year will examine the most common potential monthly savings opportunities, including high-interest credit card debt or fixed loan payments. Reviewing your […]

Do you know the difference between a mortgage broker and a mortgage specialist? No matter where you are at in your home buying journey, I wanted to provide some information that might help you consider utilizing my services to ensure you get the best mortgage product, for YOU! To most consumers “mortgage broker” and “mortgage specialist” […]

Welcome to Canada - we are so glad to have you here. I also thought I would take this opportunity to provide you with some information regarding getting a mortgage as a new Canadian to help you on your future journey. If you are already a Permanent Resident or have received confirmation of Permanent Resident Status, […]

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 […]