New Mortgage Changes – Are you financially ready?

The New Mortgage Changes Decoded The 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. The changes to the guidelines are focused on: The minimum qualifying rate for uninsured mortgages Expectations around…
Read more

Never Heard Of That Lender? – A Mortgage Broker can help

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 new mortgage rules coming into place January 1, 2018 now more than ever, having access to a wide variety of…
Read more

The New Normal – Our Commitment to You

The New Normal ‘Tis the season… this was no surprise here! The latest round of New Mortgage Guidelines has been announced by OSFI, or Office of the Superintendent of Financial Institutions. As of January 1, 2018, all conventional mortgages or uninsured mortgages will have to qualify at the Bank of Canada 5-year fixed rate or…
Read more