Blog tagged as Qualifying Ratios

In as many weeks, Canadians got another big announcement when it came to mortgages last week, and it may lead some to think, what's next? After the federal government announced surprise changes to amortization and maximum purchase prices for insured mortgages a couple weeks ago, the Office of t...

A bridge loan is a short-term financing option designed to provide funding to 'bridge the gap' between the purchase of a new property and the sale of your existing one.  The need for a bridge loan arises when you are selling your current property and the funds that are meant to be the down...

When it comes to understanding a mortgage for a self employed individual it is critical to recognize that the core principles of the mortgage remain the same whether you are self-employed or employed as a traditional employee. The process of securing a mortgage for a self-employed individual ca...

So, you're curious about alternative mortgage lenders, huh? Well, you've come to the right place! Let's dive right into it and explore what exactly an alternative mortgage lender is. When we think about getting a mortgage, the first thing that usually comes to mind is heading straight to a tradition...

Let's say you have a mortgage commitment from a lender, and prior to the closing date, rates change and come down a bit. Today, we will discuss how this change in rates can potentially benefit you and save you some money in interest expense; or how a rate change can affect how much more you cou...