October 28, 2019
Today's post illustrates the value of a fixed-rate mortgage's flexibility.
Posts from the ‘Opinion’ Category
July 20, 2017
Here is a summary of the documentation lenders will typically require from self-employed borrowers on refinance and renewal transactions.
July 20, 2017
Here is a summary of the what lenders generally ask salaried borrowers for on refinance and renewal transactions.
July 20, 2017
Here is a summary of the what lenders generally ask self-employed borrowers for on purchase transactions.
July 20, 2017
Here is a summary of the what lenders generally ask salaried borrowers for on purchase transactions.
May 1, 2017
As last week's debacle at Home Capital Group was unfolding several of my clients who had borrowed from other non Big-Five bank lenders called me to ask if their lender was now in danger of going bust and wondering what, if anything, they should do. In today’s post I’ll provide a summary of the clear message I gave to them, and include my take on five key questions relating to last week’s events.
October 5, 2016
Yesterday our federal Finance Minister Bill Morneau announced a series of changes to the rules used to underwrite insured mortgages. There is a lot to unpack so I’ll do it in three installments: Part One will focus on the change that will take place on October 17, Part Two will cover the changes that will take place on November 30, and Part Three will offer my take on the longer-term impacts that these changes will have on Canadian borrowers and our housing markets across Canada.
August 29, 2012
Welcome to Part 2 of How to Bunker Proof Your Mortgage (While you still can…). It explains how conventional borrowers can make a second tweak to their next mortgage (at no cost) that will give them tremendous financial flexbility.