Do you need to get a current value of your property? Then you are going to need an appraisal. Banks and other lending institutions want to know the “current” market value of your home before they consider loaning money on the property. An appraiser checks the general condition of your home and compares your home […]

CMHC has a great new incentive for First-Time Home Buyers Coming SOON! Expected launch is September 2, 2019. Check the information below to find out more. Are you interested in obtaining more detailed and technical information on the First-Time Home Buyer Incentive? Take a look at the program’s Operational Policy Manual (PDF) and the Q&A […]

     For most people, your personal credit score and how a credit score is calculated are complete mysteries. How can you be expected to play and be successful if you aren’t even told the rules of the game? There are things borrowers can do to improve their score so they can access better mortgage […]

Client’s wonder why they may need to provide additional documentation when it comes to arranging a mortgage. Besides an employment letter, you are usually asked to provide a pay stub and your most recent Notice of Assessment (NOA) to as  proof of income. “Why do they need all 3, doesn’t the employment letter satisfy this […]

The interest rate used by the federally regulated banks in mortgage stress tests has declined for the first time since 2016, making it a bit easier to get a mortgage. This is particularly important for first-time homeowners who have been struggling to pass the B-20 stress test. The benchmark posted 5-year fixed rate has fallen […]

Buying a home is more difficult now than ever—and this is not news to anyone! No matter where you live, the recent stress testing measures, increase in housing prices in major cities, and continued increase of the cost of living all combine to make home ownership a daunting task. But we do want to offer […]