Archive for: September 2014

CMHC Alludes to More Changes

Filed under: Mortgage - 25 Sep 2014

THINK OUTSIDE THE BOX: Brokers and consumers will likely breathe a sigh of relief following the Finance Minister Joe Oliver’s statement that the government will not make any sudden changes to the housing finance system. 

The quest to trim government exposure …

Canada’s housing party plays on as world warns of risk

Filed under: Mortgage - 15 Sep 2014

THINK OUTSIDE THE BOX:  When purchasing or refinancing, ask your mortgage broker to provide you with a hypothetical scenario assuming the interest rate you are receiving is higher than you are actually paying, confirming you would still be able to afford the debt …

Strategies of high net worth Canadians

Filed under: Mortgage - 11 Sep 2014

THINK OUTSIDE THE BOX:  While most Canadians plan to pay off their mortgages before retirement, more than one quarter of wealthy Canadians with mortgages don’t have plans to become mortgage free before retirement.

(Special) – How things can change.

A generation or …

What you need to know if you are Self Employed and want to buy a home

Filed under: Mortgage - 04 Sep 2014

THINK OUTSIDE THE BOX:  If you are self-employed or a business owner, you may be surprised to find that getting a mortgage, without the conventional documents, is not a simple process.
In the past 3 years mortgage rules have been tightened …