Mortgage Blog

Making Sure your Mortgage Fits

Bank of Canada Increased Overnight Rate

Bank of Canada Increased Overnight Rate

September 8, 2022 | Posted by: Simon Lyn

I am sure all of you have seen the news of the Bank of Canada increasing the overnight rate by .75% to a total 3.25%.What does this mean for you?If you have a static variable rate mortgage product (i. ...

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Three Ways for Families to Get into GTA Real Estate

Three Ways for Families to Get into GTA Real Estate

August 23, 2022 | Posted by: Simon Lyn

Three Ways for Families to Get into GTA Real Estate The GTA real estate market is hotter than ever before. With prices soaring year-over-year, affordability is getting out of reach for many Canadians ...

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Mortgage Renewals

Mortgage Renewals

June 7, 2022 | Posted by: Simon Lyn

Why It’s Worth Using a Mortgage Broker When Renewing Your Mortgage Connecting with a mortgage broker before renewing your mortgage will help you understand your options so you can make the most ...

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THE OVERNIGHT RATE HAS INCREASED THIS MORNING

THE OVERNIGHT RATE HAS INCREASED THIS MORNING

June 1, 2022 | Posted by: Simon Lyn

This morning at 10am the Bank of Canada (BoC) increased it's overnight lending rate by 0.5%, which was well anticipated.  Here is what this means for your variable rate mortgage and/or home equit ...

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Should you go with a fixed or variable mortgage rate?

Should you go with a fixed or variable mortgage rate?

April 11, 2022 | Posted by: Simon Lyn

For any new home owner, deciding between a variable versus fixed rate is one of the biggest, and sometimes most nerve wracking, choices a borrower will make about their mortgage. That’s because ...

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3 Simple Ways to Repair Your Credit

3 Simple Ways to Repair Your Credit

April 2, 2020 | Posted by: Simon Lyn

For many Canadians looking to purchase a home, bad credit scores stand in the way of getting a mortgage. Most lenders prefer your score to be 650 or higher. If they do allow for lower credit scores, i ...

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First Time Home Buyers Guide: What Happens after Sending an Offer to Purchase

First Time Home Buyers Guide: What Happens after Sending an Offer to Purchase

March 26, 2020 | Posted by: Simon Lyn

After sending the offer to purchase to the seller, there's nothing left to do but cross some fingers and hope for the best. Or is there? What happens now and when will the keys finally change hands? T ...

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First Time Home Buyers Guide: What about Pre-Qualification, Pre-Approval, and Mortgage Commitment Letters?

First Time Home Buyers Guide: What about Pre-Qualification, Pre-Approval, and Mortgage Commitment Letters?

March 19, 2020 | Posted by: Simon Lyn

Securing pre-qualification, pre-approval, and mortgage commitment letters can simplify the mortgage application process. These steps can also help home buyers avoid disaster. They don't need all three ...

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Three Mistakes to Avoid as a First Time Homebuyer

Three Mistakes to Avoid as a First Time Homebuyer

March 12, 2020 | Posted by: Simon Lyn

Purchasing your first home is always an exciting life milestone. However, if you want to make a smooth and easy transition into home ownership, there are a few mistakes you should try to avoid along ...

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Mortgage Mistakes - How to Avoid Getting in Over Your Head When Buying Your First Home

Mortgage Mistakes - How to Avoid Getting in Over Your Head When Buying Your First Home

March 5, 2020 | Posted by: Simon Lyn

If you are tired of renting and ready to buy the home of your dreams, you need to plan carefully. The dream of home ownership is a wonderful thing, but without careful planning and a proactive approac ...

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