Oxana Petrenko, Mortgage Broker

Obtaining mortgage insurance for a home purchase is about to become more challenging on July 1, particularly for first-time buyers.

Effective March 23, 2020, the Bank of Canada 5-year Benchmark Qualifying Rate is 5.04%.

Check with your lender you might be qualified for the following: As COVID-19 continues to impact Canadians at home and people around the world, we want to let you, our valued homeowners know, we are doing everything we can to bring you comfort as it relates to your mortgage. Some details to reassure you:... We recognize there may be impacts to your employment status. For homeowners affected by income loss, Hold-a-Payment or Skip-a-Payment options are available to assist you. There will be no negative impact to your credit rating for using RMG’s Hold-a-Payment or Skip-a-Payment options.