by Karen Wotherspoon | Dec 18, 2018 | Blog, Mortgage
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...
by Karen Wotherspoon | Dec 11, 2018 | Blog, Homeownership, Mortgage
If you have no desire at all to qualify for a mortgage, here are some great ways to make sure you don’t accidentally end up buying a house and taking out a mortgage to do so. One of the best ways to ensure you won’t qualify for a mortgage is to be...
by Karen Wotherspoon | Dec 5, 2018 | Announcements, Blog, Mortgage
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion is moderating largely as expected, but signs are emerging that trade...
by Karen Wotherspoon | Nov 27, 2018 | Blog, Mortgage
Although it might not always be this straightforward, the question “Can I give someone the downpayment to buy my house?” presents itself in many different ways. And the answer to all of them is no, well… except in one circumstance, but we will get to...
by Karen Wotherspoon | Nov 20, 2018 | Blog, Mortgage
Okay, so here we are… we have worked together to secure financing for your mortgage. You are getting a great rate, favourable terms that meet your mortgage goals, the lender is satisfied with all the supporting documents, we are broker complete, and the only...
by Karen Wotherspoon | Nov 13, 2018 | Blog, Homeownership, Mortgage
Credit. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. When you borrow money to buy a house, you will be required to prove that you have a good history of managing your credit. But what...
by Karen Wotherspoon | Nov 6, 2018 | Blog, Mortgage
As simple as porting your mortgage! Said by no one ever. The truth is, there is nothing simple about porting your mortgage. “Porting your mortgage” involves transferring the remainder of your existing mortgage term, outstanding principal balance, and...
by Karen Wotherspoon | Oct 30, 2018 | Blog, Mortgage
Building your dream home can sound really exciting, but have you thought about everything that goes into building a new home? Here are 7 Questions you should ask yourself before making any concrete plans! 1. What are my expectations with this new home? Are you looking...
by Karen Wotherspoon | Oct 24, 2018 | Announcements, Blog, Mortgage
The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic outlook remains solid. The US economy is especially robust and is expected to...
by Karen Wotherspoon | Oct 23, 2018 | Blog, Homeownership
No doubt about it, buying a home is an emotional experience. It’s a game of balancing needs and wants, while trying to be honest with yourself about those very needs and wants. It’s hard to get it right, figuring out what’s negotiable and what...
