by Andrew Macrae | Jul 2, 2020 | Blog
It’s safe to say that things have (mostly) calmed down in the mortgage world since the beginning of COVID-19. The rush of mortgage deferral applications appears to be behind us. So if you’re looking for a new mortgage, right now is an excellent time to get...
by Andrew Macrae | Jun 24, 2020 | Blog, Covid-19
Although the volume of news over the last month has been pretty tame in comparison to when COVID-19 initially hit, there has still been a lot going on. If you find yourself wondering about the current state of affairs as it relates to real estate, mortgage financing,...
by Andrew Macrae | Jun 17, 2020 | Announcements, Blog, Finance, Mortgage
Along with employment stability, and downpayment/equity, your credit score and how you manage your credit is a huge factor in qualifying for a mortgage. If you want the best interest rates available on the market, the higher your credit score the better. However, if...
by Andrew Macrae | Jun 10, 2020 | Blog, Mortgage
If you happen to be going through, or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property in order to buyout your ex-spouse. For most couples, their property is their largest...
by Andrew Macrae | Jun 4, 2020 | Blog, CMHC, Covid-19
CMHC just shared the following press release. If you have any questions, please don’t hesitate to contact me anytime! CMHC RELEASE JUNE 4th 2020 The COVID-19 pandemic is affecting all sectors of Canada’s economy, including housing. Job losses, business closures...
by Andrew Macrae | Jun 3, 2020 | Announcements, Blog, Mortgage
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. Incoming data confirm the severe impact of the COVID-19 pandemic on the...
