General Craig Barton 25 Sep
The federal government on September 24, 2024 announced expanded parameters for lenders and insurers to begin offering insured mortgages effective December 15, 2024. The expanded parameters include: Expanding the eligibility for 30-year amortizations. Increasing the $1 million cap to $1.5 million. To qualify for the 30-year amortization: the loan to value must be 80% or […]
Read MoreGeneral Craig Barton 17 Sep
Big News for Homebuyers in Canada! Inflation has dropped to 2.0%! This could mean lower mortgage rates are on the way! New Mortgage Rules: The government is introducing 30-year mortgages for first-time buyers and increasing the price cap for insured mortgages to $1.5M. More flexibility for homebuyers! U.S. Retail Sales Update: Strong numbers could affect […]
Read MoreGeneral Craig Barton 17 Jul
When it comes to mortgages, it can be easy to get overwhelmed by the sheer number of options! Fortunately, we are here to help! Below are some of the mortgage details that you should understand to ensure that you are getting the best mortgage for you: INTEREST RATE TYPE Interest rate is one of the […]
Read MoreMortgage Tips Craig Barton 15 Jul
When it comes to getting a mortgage, one of the more overlooked elements is the option to be able to port the loan down the line. Porting your mortgage is an option within your mortgage agreement, which enables you to move to another property without having to lose your existing interest rate, mortgage balance and […]
Read MoreReverse Mortgages Craig Barton 13 Jul
Did you know? Reverse mortgages are continuing to gain popularity for older homeowners in Canada! For many Canadians who are looking to retire but currently facing high debt load and ongoing expenses, as well as reduced income, it can be a challenge. This is where the reverse mortgage can help! This product is also a […]
Read MoreMortgage Tips Craig Barton 12 Jul
While not the only factor to look at when choosing a mortgage, interest rates continue to be one of the more prominent decision criteria with any mortgage product. Understanding how mortgage rates are determined and the differences between your typical fixed-rate and variable-rate options can help you make the best decision to suit your needs. […]
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