Sabrina Karley

Even though this Thanksgiving will look a little different; there is still so much to be thankful for. This past year has given us an opportunity to slow down, spend time with those closest to us and reflect on what is most important. I am so grateful and thankful for all the small things...big things...and everything in between. Wishing you and yours a Happy Thanksgiving!... . #happythanksgiving #thankfulandgrateful #thanksgiving #thanksgivingweekend #littlethingsandbigthings #andeverythinginbetween #alwayssomethingtobethankfulfor #allaboutprespective #focusonthegood See more

The Bank of Canada Benchmark Rate has decreased effective August 17, 2020 to 4.79%. This rate is used in the Stress Test Qualification to determine affordability in your mortgage application. What this may mean for you? If you currently have a pre-approval or mortgage application in place, you may be approved for a higher mortgage amount and/or purchase price amount. ... If you have any questions or would like to have your numbers reviewed please don’t hesitate to reach out. Powered by Sherwood Mortgage Group # 12176 . #qualifyingrate #mortgageincanada #mortgagepreapproval #mortgageapplication #mortgagestresstest #ratedecrease #reviewyournumbers #heretohelp See more

- Breaking News - In response to the announcement made by CMHC on June 4, 2020; Genworth MI Canada has announced that it does not plan to change its underwriting policy at this time.

CMHC has announced changes to their underwriting policy for insured mortgages (new purchases with less than 20% down payment and purchase price under $1 million). Effective July 1, the following changes will apply for new applications: Maximum Gross Debt Service (GDS) ratio decrease from 39% to 35%;... Maximum Total Debt Service (TDS) ratio decrease from 44% to 42%; Minimum credit score increase from 600 to 680 for at least one borrower ; and No borrowed/non-traditional sources for down payment that would increase indebtedness If you currently have and/or planning to get a pre-approval; it is important to review how these changes will affect your affordability and ultimately what your maximum mortgage amount will be. See more

The Bank of Canada Benchmark Rate has decreased effective May 25, 2020 to 4.94%. This rate is used in the Stress Test Qualification to determine affordability in your mortgage application. What this may mean for you? If you currently have a pre-approval or mortgage application in place, you may be approved for a higher mortgage amount and/or purchase price amount. If you have any questions or would like to have your numbers reviewed please don’t hesitate t...o reach out. Powered by Sherwood Mortgage Group # 12176 . #mortgage #mortgageincanada #preapproval #mortgageapplication #qualifyingrate #mortgagestresstest #reviewyournumbers #heretohelp #mortgageagent #knowyournumbers #howitallworks See more

Homeownership is often a dream for many and that step can be taken before or after your wedding day. Here are a couple of tips you can approach to get started... If you or anyone you know would like to know more or have any questions please don't hesitate to reach out!