• Home Purchase
    Home Purchase/Buying Basics
    Home Purchase Basics
    Buying a home is a milestone in everyone's life. It symbolizes that you are independent and have achieved the stability of living a relatively comfortable life. Here are a few things
    Read More
  • Home Refinance
    Refinance Basics
    This means a couple of things. The most important thing to realize is that the lender will not just fork over a new, lower interest rate. You will be asked to bring in income documentation
    Read More

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Latest Blog Articles

What Do The New Rules Mean For Borrowers?

Submitted by Valueland on Thu, 12/01/2016 - 20:24

In response to Federal government’s mortgage rules change announcement on Oct. 03, 2016, all the lenders have implemented the new rules in the past few weeks and now the new lending guidelines are in effect.

Here is a brief summary of the new rules:

1). For insured and insurable deals, the applications have to meet the following parameters:

Mortgage Rates Are On The Rise

Submitted by Valueland on Wed, 11/16/2016 - 02:20

Following TD’s increase to its prime rate, RBC announces to increase their fixed rates across the board, effective today.

This might be a signal that all other lenders will soon to follow the measure to increase their prime rate.

Due to the higher bond rate market, the 5-year fixed rate has jumped about 25 basis points amongst most of the lenders.