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How Long Is Mortgage Pre-Approval Good For?

If you want to show sellers you’re seriously interested in buying their home, getting mortgage pre-approval is a critical first step. It proves that, after digging through your financials, a lender is willing to give you money to buy a house. 541 more words

Buyers And Sellers

Rates went up, so now what do you do?

On July 12th, for the first time in seven years, the Bank of Canada increased the overnight rate by .25%, withdrawing some of the stimulus that was needed after the oil price collapse and 2008 financial crisis. 428 more words

Mortgage News

Canadians bought more U.S. real estate than almost anyone else!

From April 2016 to March 2017 Canadians spent $19billion buying U.S. properties, according to the U.S. National Association of Realtors.

Put another way, Canada was only behind China for all foreign purchases of U.S. 503 more words

Mortgage News

7 Key Things That Help You Qualify For A Mortgage

A SHARED ARTICLE WRITTEN BY MICHELE LERNER

In an environment where lenders are highly regulated and risk-averse, borrowers are rightfully a little nervous when they… 951 more words

Market Conditions

Bank of Canada rate hike.. it's really not a big deal.

BREAKING NEWS… BANK OF CANADA RAISES RATE BY 0.25% AND THE SKY HASN’T FALLEN!!

Stephen Poloz, the Bank of Canada Governor, raised the Target rate by 0.25% to 0.75%.   509 more words

Mortgage News

Millions of Owners Are Missing Out on Savings

Nearly 4.5 million borrowers are eligible to refinance and could lock in savings on their monthly mortgage payments but have not taken advantage, according to a new report from Black Knight Financial Services. 236 more words

Market Conditions