Why You Should Get a Mortgage Broker When Buying a Home
I’ve learned a few things from experience when it comes to mortgage brokers and buying a home. Here’s what you need to know.
Real Estate, The Morrison Report
mortgage
Real Estate, Blog
Is the Bank of Canada putting its hand in the cookie jar?
I was quite surprised by the recent announcement that the Bank of Canada plans on purchasing mortgage-backed securities for its balance sheet. Their plan is to purchase a bundle of CMHC-backed mortgages as investments. The Bank of Canada maintains that it will continue to be impartial when setting interest rates despite this transaction.
Blog, Real Estate, The Morrison Report
The mortgage rules are changing. Are you ready?
The mortgage rate is going up again in January 2018, which means your affordability will decrease.
Blog, Real Estate
If You’re Saving to Buy a Home, Read This First
How much are you saving? Year after year, I hear many people tell me that their plan is to save a little bit more in order to afford that bigger, better condo or house the following year.
Blog, Real Estate, The Morrison Report
Own your home and have no intention of moving anytime soon? Listen to this opportunity to still make money from your home
The new mortgage rules and stress test come into effect soon. How can it be beneficial to help someone find a mortgage to invest in property?
Real Estate, Blog, The Morrison Report
Mortgage Rules: Did they just make it harder to buy a house, AGAIN?
Yesterday, OSFI (The Office of the Superintendent of Financial Institutions) announced some new rules to tighten up the real estate market. These rules will affect anyone putting 20% as down payment or more on a home. Currently, anyone purchasing a house over a million dollars will have to put a down payment of at least 20% to qualify for a mortgage. Those who spend less than a million dollars and put down less than 20% have been experiencing this additional stress test for the last year.
Blog, Real Estate, The Morrison Report
Is “No Money Down” Too Good to be True?
Here is what “no money down” means in reality. Plus, it definitely is good for real estate investing.
Blog, The Morrison Report
How to Pay Down Your Mortgage Faster
Tips on how to pay down your mortgage faster from the Morrison Report.
Blog, The Morrison Report
How Long Should Mortgage Be Renewed For?
Davelle Morrison from Bosley Real Estate talks about the logistics behind how long a mortgage should be renewed for.
The Morrison Report
Renovation, Construction & Purchase Plus Improvement Financing
Mortgage Agent, Joe Sammut takes us through the ins and outs of renovation financing. How to use the bank’s money to finance your renovations when you buy a house How can a first-time home buyer have their renovations financed? What is Purchase Plus Improvements? How can the bank help you finance major renovations? What kind of downpayment do you need? What’s the process for renovation financing? How can you use your line of credit?