IMPROVING YOUR CREDIT SCORE

General Anne-Marie Sieders 15 Feb

Your credit score is a big factor when you apply for a mortgage. It can dictate how good your interest rate will be and the type of mortgage you qualify for. Mortgage Professionals are experienced helping clients with a wide range of credit scores so we can find you a mortgage product even if your […]

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8 THINGS YOU CAN DO TO GET THE BEST RENEWAL

Mortgage Tips Anne-Marie Sieders 8 Feb

With 47 per cent of homeowners scheduled to renew their mortgages this year, 2018 is a year of change for lots of Canadians. Here are the top 8 things you can do to get the best renewal: 1. Pull out your mortgage renewal now, and start early. When you are proactive instead of reactive you […]

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What is CMHC?

General Anne-Marie Sieders 6 Feb

WHAT IS THE CANADIAN MORTGAGE AND HOUSING CORPORATION (CMHC)? The Canadian Mortgage and Housing Corporation (CMHC) is a corporation that most are semi-familiar with, but do not know what CMHC actually does. CMHC is Canada’s authority on housing. They contribute to the stability of the housing market and the financial system. They also provide support […]

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Mortgage Lenders

General Anne-Marie Sieders 18 Nov

I’VE NEVER HEARD OF THAT LENDER BEFORE One of the benefits of working with an independent mortgage professional; compared to getting your mortgage through a single institution, is choice. And as there are even more mortgage rules coming into place January 1st 2018, now more than ever, having access to a wide variety of mortgage […]

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How to Get a Mortgage After Bankruptcy

Mortgage Tips Anne-Marie Sieders 1 Nov

HOW TO GET A MORTGAGE AFTER BANKRUPTCY Bankruptcy is always the last resort-and it’s never easy or comfortable. However, sometimes it is the only option to turn to when life throws you something unexpected. The lasting impression it can have on one’s financial profile though can be overwhelming. If you have bankruptcy in your past, […]

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NEW MORTGAGE CHANGES DECODED

General Anne-Marie Sieders 24 Oct

This week, OSFI (Office of the Superintendent of Financial Institutions) announced that effective January 1, 2018 the new Residential Mortgage Underwriting Practices and Procedures (Guidelines B-20) will be applied to all Federally Regulated Lenders. Note that this currently does not apply to Provincially Regulated Lenders (Credit Unions) but it is possible they will abide by […]

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5 REASONS THE BANK MAY TURN YOU DOWN FOR A MORTGAGE

General Anne-Marie Sieders 3 Aug

Mortgage rules have become stricter over the past few years. Assuming you have a down payment, good credit and a good job, what could prevent you from obtaining financing for a home purchase? Below are five less obvious reasons a bank may turn you down: It’s not you, it’s the building Hate to be the […]

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SPOUSAL BUYOUT MORTGAGE?

Mortgage Tips Anne-Marie Sieders 6 Jun

Understand your options with regard to divorce or separation… If you happen to be going through, or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property in order to buyout your ex-spouse. For most couples, their property is their largest asset […]

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CONSUMER DEBT VS MORTGAGE DEBT

General Anne-Marie Sieders 25 May

During a recent trip to our nation’s Capital with folks from Dominion Lending Centres and other mortgage groups, an Ottawa insider made an interesting comment: “We don’t care about consumer debt, because we don’t guarantee it.” This comment was made in an effort to justify recent increased restrictions placed on borrowers taking out insured mortgages […]

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THINGS TO CONSIDER WHEN BUYING IN A NEW DEVELOPMENT

General Anne-Marie Sieders 24 May

With plenty of activity in the real estate market and more new building slated over the next few years, here is my list of “Things to Consider When Buying in a New Development”. Representation Some buyers attend the display suite and consider a purchase directly with the developer sales person or the developers Realtor. Regardless […]

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