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Category: Mortgages (17 posts)

My Co-worker Qualified for More Than Me, Why?

My Co-worker Qualified for More Than Me, Why?

February 12, 2018 | Posted by: Shayne Beeler

This question comes up on a regular basis. Two people (let’s say Bob and Karen) that work at the same company end up buying a house around the same time and while discussing the process, it come ... [read more]

You’re Pre-Approved – Your Maximum Amount Fluctuates?

You’re Pre-Approved – Your Maximum Amount Fluctuates?

October 29, 2017 | Posted by: Shayne Beeler

Disclaimer – while I can (at times) understand the intent of mortgage rule changes, there are always unintended consequences. One we’ll talk about in this post has the potential to impact ... [read more]

More Mortgage Rule Changes - Coming January 1, 2018

More Mortgage Rule Changes - Coming January 1, 2018

October 17, 2017 | Posted by: Roar Solutions

Mortgage Rule Changes – Taking Effect on January 1, 2018 These rule changes were just announced by “OSFI” (the Office of the Superintendent of Financial Institutions Canada). OSFI&r ... [read more]

Variable Rates - They Do More Than Just Increase?

Variable Rates - They Do More Than Just Increase?

September 7, 2017 | Posted by: Roar Solutions

Let’s go back to 2010, a year where the Prime Rate increased three times. I recall the headlines at the time – it’s hard not to buy into the surprise of the sudden increases and it&r ... [read more]

What Options Does Your Mortgage Have?

What Options Does Your Mortgage Have?

August 24, 2017 | Posted by: Shayne Beeler

This would seem like a fairly basic question. What I find however, is that most are naturally familiar with their payment frequency and what term they have, while the additional options are less top o ... [read more]

Planning a Future Home Purchase?  Focus on These Areas:

Planning a Future Home Purchase? Focus on These Areas:

August 9, 2017 | Posted by: Shayne Beeler

  I’ve been fortunate to meet several Clients this year that while targeting a purchase anywhere from 6 to 12 months or more into the future, they saw value in starting the planning proces ... [read more]

Mortgage Rate Changes - Guess The Payment (Please Play Along)

Mortgage Rate Changes - Guess The Payment (Please Play Along)

August 2, 2017 | Posted by: Shayne Beeler

I’ve started asking more and more people for ideas on mortgage topics they’d like me to write on. Yesterday, it was suggested I break down how interest rate changes actually impact mortgag ... [read more]

Porting Your Mortgage

Porting Your Mortgage

July 25, 2017 | Posted by: Shayne Beeler

Porting Your Mortgage We’ve written before about “whenever there’s a mortgage decision to make, contact us” and porting your mortgage is one of those decisions. The most commo ... [read more]

Bank of Canada Rate Announcement

Bank of Canada Rate Announcement

July 13, 2017 | Posted by: Shayne Beeler

Bank of Canada Rate Announcement Today, the Bank of Canada raised it’s overnight rate by 0.25% - this impacts the “Prime Rate” Canadian banks use and any borrowers with rates based ... [read more]

Mortgages - Where Are They Now? (A Case Study)

Mortgages - Where Are They Now? (A Case Study)

May 3, 2017 | Posted by: Shayne Beeler

Mortgages – Where Are They Now? (A Case Study) I learn the most about mortgages not from obtaining an approval but in having conversations with someone that already has a mortgage. Life happens ... [read more]

Open vs. Closed Terms

Open vs. Closed Terms

April 25, 2017 | Posted by: Shayne Beeler

I’ve noticed there is differing interpretation floating around among mortgage holders when it comes to “open vs. closed” mortgages. For example, I’ve heard someone allude to a ... [read more]

Mortgage Renewal - It Matters

Mortgage Renewal - It Matters

April 3, 2017 | Posted by: Shayne Beeler

  It often seems like a mortgage renewal for many people is an insignificant event that just happens with a couple of quick choices and then life goes on. Is this the right way to look at a rene ... [read more]

What's the best mortgage rate?

What's the best mortgage rate?

March 14, 2017 | Posted by: Shayne Beeler

This is one of the most commonly asked questions and while it obviously is important, you may be surprised to know a good Mortgage Broker won’t have a quick answer to this question. Why not? I m ... [read more]

Clarifying the Mortgage Rule Changes

Clarifying the Mortgage Rule Changes

October 24, 2016 | Posted by: Harley Rivet

With so much media and so many different angles being discussed regarding the new mortgage rule changes, we break down your most asked questions — What, Who and Why? — And how WE ... [read more]

New Mortgage Rules are Coming, Effective October 17, 2016:

New Mortgage Rules are Coming, Effective October 17, 2016:

October 3, 2016 | Posted by: Shayne Beeler

Effective October 17, 2016, all insured homebuyers must qualify for mortgage insurance at an interest rate the greater of their contract mortgage rate or the Bank of Canada’s conventional five-y ... [read more]

Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

June 20, 2016 | Posted by: oneSt. Mortgage

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ... [read more]

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

June 19, 2016 | Posted by: oneSt. Mortgage

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ... [read more]

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