Escaping the clutches of debt is a common financial goal, and debt consolidation emerges as a powerful strategy to achieve it. In this blog, we'll explore the benefits of debt consolidation, providing readers with insights into how this financial tool can pave the way to financial freedom and stability.

Securing a mortgage is a pivotal step towards owning your dream home. However, traditional mortgages may not be the only option available. Private mortgages can be a game-changer in the real estate world. In this blog, we'll unravel the mysteries surrounding private mortgages, exploring what they are and how they work, shedding light on a viable alternative for aspiring homeowners.

While you might think selling your home in winter is harder, with the right considerations it doesn’t have to be! When selling your home during warmer months, the focus is typically on curb appeal and gardening, as well as having bright colors and patterns to draw out different rooms.

When it comes to the holidays, buying gifts can be overwhelming and expensive. Fortunately, it isn't the only option! If you have some extra time and talent, do-it-yourself gifts are a wonderful way to make your friends and family feel cherished.

Did you know? Approximately 15%+ of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage.

For self-employed individuals with an established business seeking best rate financing, the business must have a minimum of two years of history. This includes self-employed applicants who own a full or part-time business and covers sole proprietorships, incorporations, and partnerships.

On April 8, 2021 the office of the Super intendant of Financial Institutions proposed tougher guidelines for minimum qualification of conventional mortgages (more than 20% down) if approved it will be the higher of the mortgage contract rate plus 2% or 5.25%. This is .46% higher than the current qualifying rate or stress test rate of 4.79%. On June 1 should this happen it will be even harder to get approved for a mortgage. This will impact those refinancing their current mortgage, purchasing with a good down payment or purchasing a rental property. This will afffect those purchasing a property for over a million dollars, taking out equity in your own home to pay off higher interest rate debt or wanting an amortization over 25 years.....So for those of you wanting to take advantage of current low rates before this new change comes into affect...Please contact our office before June. 1.

We are delighted to announce the launch of our new website!

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