Mortgage Buddy

This article explains how penalties are calculated when you break your mortgage, and that the lowest rates are often linked to higher penalties... basically rate shopping doesn't always save money! It's best to use a licensed mortgage broker to go through all the fine print before making life-changing decisions. We offer a confidential, convenient and absolutely no-obligation service, reach out with any questions (even if you think they are dumb!)

The real estate market is still strong during the pandemic... why? Interest rates are at historical lows and people who can work from home are choosing to move to the suburbs and out of downtown condos. The stock market isn't a stable place to invest in so people are choosing real estate instead.

The stress test rate has lowered to theoretically allow a borrower to be approved for a larger loan.

Is now a good time to look at refinancing and saving? Knowledge is power and advice is free!

Who wants to be mortgage-free sooner? Make some adjustments if this is a priority! Right now, mortgage rates are at an all-time low.

It's never too late to ask for professional advice. Resigning yourself to a lifetime of suffering and regret isn't the way! Most people are surprised there are options that won't magic debt away, but will help manage it to a sustainable level.

Time for a shake-up. What does your future hold? If it's time to get your head-out-of-the-sand and pay down bad debt, or be able to purchase that dream second property, now is a time to look into your financial possibilities and make the best out this situation!

Informative article from The Globe and Mail about how plunging oil prices have and will affect mortgage rates. They point out that if you can remortgage at .35% lower than your current 5 year fixed rate option. There are many lenders who are competing for business right now, see how much you can save by chatting to one of our advisors today!

This is a story about how CIBC is charging interest on interest, resulting in this family having an extra $7,400 on top of their mortgage at the end of the 6 month deferral period. Having a mortgage professional on your side to look into the fine print of mortgages is imperative!

Good afternoon, I just wanted to provide an update to our services during COVID-19. All communication with customers is carried out over the telephone and online, therefore there is no change in operations. I hope everyone is staying safe at home! Please reach out with any questions!