Mortgage Blog

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Category: Mortgages (7 posts)

What is the Benchmark or Qualifying Rate?  And What is The “Stress Test”?

What is the Benchmark or Qualifying Rate? And What is The “Stress Test”?

November 8, 2021 | Posted by: Julie Stewart-Boyle

The 'mortgage stress test' is a term you may have heard – it means you have to qualify for your mortgage using the qualifying rate. Qualifying rates are used to ensure borrowers can manage ...

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Ratehold or Pre-Approval?  What is the difference?

Ratehold or Pre-Approval? What is the difference?

October 18, 2021 | Posted by: Julie Stewart-Boyle

Ratehold may be a term that you are not familiar with, yet is one that all prospective buyers should know about.  A ratehold is offered by lenders to clients who are purchasing a new home and nee ...

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How the BC Foreign Buyers Tax Affects Your Mortgage Financing

How the BC Foreign Buyers Tax Affects Your Mortgage Financing

September 24, 2021 | Posted by: Roar Solutions

How the BC Foreign Buyers Tax Affects Your Mortgage Financing If you know someone who is a potential foreign purchaser and they want to buy property in BC, they should be aware of the BC Foreign Bu ...

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Millennials Saving for a Downpayment - the issues ...

Millennials Saving for a Downpayment - the issues ...

June 28, 2021 | Posted by: Julie Stewart-Boyle

I hear many different opinions about why millennials are having to rely on parents to co-sign or provide a large downpayment to get into the real estate market.  Why is this?  Are they not ...

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5 Reasons Homeowners Refinance Their Mortgage

5 Reasons Homeowners Refinance Their Mortgage

November 6, 2020 | Posted by: Julie Stewart-Boyle

5 reasons homeowners refinance their mortgag There has been a flurry of refinance activity this year given our rock bottom interest rates, providing homeowners with access to today’s low rates ...

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Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

August 6, 2020 | Posted by: Julie Stewart-Boyle

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...

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Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

July 30, 2020 | Posted by: Julie Stewart-Boyle

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ...

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