BUDGETING TOWARDS HOMEOWNERSHIP

By Lesley | November 10, 2023

Mortgage Matters Blog KEEPING IT SIMPLE! BUDGETING TOWARDS HOME OWNERSHIP Transitioning from renting to homeownership is one of life’s most momentous decisions. However, this shift can become quite taxing if you fail to plan ahead, establish a budget, and save money before embarking on your homeownership journey. Budgeting plays a pivotal role in mitigating the…

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WHY A MORTGAGE PRE APPROVAL IS SO IMPORTANT

By Lesley | October 10, 2023

Mortgage Matters Blog KEEPING IT SIMPLE! WHY A PRE APPROVAL IS SO IMPORTANT! Before embarking on your quest for a new home, obtaining a mortgage pre-approval is a non-negotiable prerequisite.  Along with my guidance, this equips you with the confidence needed to navigate the home-buying process effectively.  With a mortgage pre-approval, a seasoned mortgage specialist,…

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Qualifying Rate Vs. Contract Rate

By Lesley | November 14, 2016

October 17 2016 there was a change to the mortgage rules for insured mortgages. An insured mortgage is one in which the borrower puts a down payment of less than 20% of the value of the property.  The new rule requires these borrowers to QUALIFY at the contract rate or the Bank of Canada posted…

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New Mortgage Rules

By Lesley | October 13, 2016

On October 3rd 2016 the Canadian Department of Finance announced stricter rules for specific types of mortgage products.  This is latest of many rule changes in the past eight years geared towards …. To see the specific details on the changes  got to http://www.fin.gc.ca/n16/data/16-117_2-eng.asp There have been many recent articles that review and explain these…

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