Archive for: July 2012

Bank dissatisfaction benefits brokers

Filed under: Mortgage - 24 Jul 2012

By Vernon Clement Jones | 18/07/2012 8:00:00 PM

It’s one bit of news brokers are likely to capitalize on, with a new study suggesting customer satisfaction with the Big Five – from their mortgages to their rising fees – …

OSFI guidelines hit Smith Manoeuvre

Filed under: Mortgage - 20 Jul 2012

Interesting article below.  Please note, we can still obtain financing up to 80% for lines-of-credit.  Call us if you would like to discuss obtaining a LOC to 80% OR how you can become mortgage-free sooner through the Smith Manoeuvre.

By …

Good for homeowners – and the economy

Filed under: Mortgage - 18 Jul 2012

Robert Brown

The Globe and Mail

Could Canada could slip into the same traps that hurt the U.S. economy in 2008-09? Some are sounding the alarm bells – at least on the housing front.

Clearly, Ottawa is worried about the debt levels being …

A Summary of Amortizations…

Filed under: Mortgage - 17 Jul 2012

With the recent changes in mortgage rules, here is a great blog from Canadianmortgagetrends.com about the maximum amortization you can access from various lenders.  For the full blog, please click here.

 Long Amortizations Survive…With 20% Down

When the government cut …