16 Apr

New Qualifying Rate?

General

Posted by: Roger Lambert

The proposed changes for increasing the qualifying rate, not yet set in stone, is targeting purchases with 20% down payment or more, which equates to about 5% less borrowing power. This potential change will NOT impact borrowers putting less than 20% down on a purchase. Did you know you don’t have to be a first-time […]

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17 Nov

Getting Your Home Winter Ready.

General

Posted by: Roger Lambert

Winter is coming… With the changing of the seasons, it can be a good time to take stock of your home and ensure you are ready for the winter and it’s colder weather. To help you feel more comfortable, save on bills, and prevent future repair costs, there are some simple things you can do […]

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3 Nov

Fixed vs. Variable Rate Mortgages

General

Posted by: Roger Lambert

If you are new to the world of mortgages, you probably have a lot of questions – such as whether to choose a fixed-rate mortgage or variable -rate mortgage. Even experienced homeowners can sometimes struggle with this and may wonder if they made the right choice or if they should switch. Before we get to […]

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13 Oct

Renewing Your Mortgage 101

Mortgage Tips

Posted by: Roger Lambert

If you are coming up to your mortgage renewal date, you may have already received a letter from your lender. Typically, these are sent out when there are 3 months remaining on your term. While nearly 60 percent of borrowers simply sign and send back their renewal, did you know that this is actually the […]

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