26May 2021Starting June 1, homebuyers in Canada will have a tougher time applying or renewing their mortgage. The Office of the Superintendent of Financial Institutions (OSFI) has decided to increase the mortgage stress test to 5. 25%, up from the previous 4. 79%. A mortgage stress test is a stringent set of…
Read more
23Apr 2018I often meet with home buyers who are in the ‘getting ready’ stage of the home buying process. At this time, they may have met with a mortgage specialist to determine if they are on the right track financially. They meet with me because they need more information about the ‘looking at homes…
Read more
25Jan 2018You might wonder if you can submit an online mortgage pre-approval form or if you have to go to the bank and talk to someone face to face. You can get an online mortgage pre-approval, tons of mortgage specialists are offering online applications. They understand that people are busy and don’t…
Read more