invis-admin

7
Jan

Credit Score Boot Camp: Boost your credit score fast!

So maybe you let a few bills slide when things were tight. Or maybe you haven’t seen a zero balance on your credit card in longer than you can remember. Then there was that temporary line of credit…that somehow became permanent. It’s amazing how many things we do that weaken our credit score. A low credit score can prevent you

Read more

14
Dec

A Great Credit Score: Your ticket to wealth

As long as you can get a mortgage, does it really make a difference what your credit rating is? Absolutely.  Your credit rating is your “letter of reference” to lenders. It tells them what kind of a risk you are as a borrower, how much they can confidently lend you, and on what terms. A great credit rating, then, is

Read more

11
Dec

Click on the link for info regarding rental property financing

http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2012/12/the-evolution-of-rental-financing.html#more

7
Dec

Get the Inside Track: Work with a mortgage broker

If you’re like most Canadians, your mortgage is one of the biggest investments you’ll ever make.  That means you need to manage it carefully – not just at renewal time. The past year has seen several significant changes in the mortgage market – and everyone is watching the rate environment very closely these days.  It’s never been more important to

Read more

9
Nov

Thinking about debt consolidation?

  Financial comfort and joy. In a few weeks we’ll be in full gear getting ready for the holiday season. But before you get started on your holiday shopping list, here’s a tip for enjoying real financial comfort and joy this festive season: do a holiday debt-check! Why do a debt-check just when you’re getting excited about the holidays? Well…

Read more

1
Oct

Here is a good quote I saw today.

“Everyone should talk to a mortgage broker, even if they are leaning towards getting a mortgage with their existing bank. You don’t know what you don’t know until you talk to an independent mortgage professional.” One of the key words in that quote is the word “independent”.  Banks have their own mortgage reps out there that often call themselves “mortgage

Read more

5
Sep

Bank of Canada rate unchanged once again.

The Bank of Canada has left the overnight rate the same at today’s meeting which leaves the prime rate unchanged at 3%. There is no change imminent. The rate has been unchanged now for 2 years making variable rate mortgage holders very happy. In it’s statement today, the Bank said: -” global headwinds continue to restrain economic activity” -” economic

Read more

1
Aug

Today’s Fixed Rates are Gifts!

We have been treated to historically low fixed mortgage rates for a while now and it is easy to forget that they can reverse to higher at any point in time.  The run up can be fast also. On Friday the 5 year government yield increased by 12 basis points, the biggest one-day increase in almost a year. When that sort

Read more

23
Jul

Is your mortgage with Firstline Mortgages?

Important information about the closure of FirstLine Mortgages. On July 31, 2012 FirstLine Mortgages, the wholesale mortgage division of CIBC, ceased operations.  Over the years, FirstLine provided excellent mortgage rates and service to our clients without soliciting for other banking business. By closing FirstLine, CIBC will now focus on more profitable “tied” retail clients, where only CIBC mortgages are sold

Read more

17
Jul

More Mortgage Guideline changes coming Oct 31/12

You have no doubt heard of the recent changes that the federal government has come out with regarding mortgage guidelines.  They are specifically, maximum 25 year amortization on all mortgages with less than 20% down payment, tightening of debt service ratio’s, a cap of $1 million on insured high ratio mortgages and maximum refinances to 80% of the value of

Read more