Blog posted by Cory Kline, AMP
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Globe and Mail Update Published on Tuesday, Mar. 02, 2010 9:04AM EST Last updated on Tuesday, Mar. 02, 2010 12:54PM EST
Real Estate: Home building to pick up speed: CMHC
Housing starts will strengthen this year and next, and that increase in supply... [ read more ]
Expert Question posted by Cory Kline, AMP
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I have advised and helped other clients in Barrie, who work in the North American film sector, with obtaining a preferred mortgage offer.
I would be happy to get you an approval based on your self employed income. If you could aim for a 20% down payment, we could... [ read more ]
Blog posted by Cory Kline, AMP
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Bank of Canada Urged to Hike Rates After June
OTTAWA -- The Bank of Canada should uphold its conditional pledge to keep its key policy rate at 0.25% until July but should then embark on sharp rate hikes of 50 basis points at every announcement date until... [ read more ]
Expert Question posted by Joanne McPhail
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Sorry this has taken me so long - I was away on vacation last week! You may have already proceeded, but yes, it is typical to make an offer conditional upon solicitor's approval - I can usually review and comment on an offer within 1 business day but it's nice... [ read more ]
Blog posted by Cory Kline, AMP
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Finance Minister Jim Flaherty announced Tuesday tighter lending standards for mortgages, saying that while the housing market is “healthy” the moves are needed to “help prevent negative trends from developing.”
Under the new... [ read more ]
Blog posted by Cory Kline, AMP
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No need for mortgage market structural shift
The head of the Bank of Canada said on Thursday he does not see a housing bubble currently, nor does it see the need for structural change in the country's mortgage market.
"The Canadian mortgage market has... [ read more ]
Blog posted by Cory Kline, AMP
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Are Mortgage Rates Heading Lower in February 2010?
RateSupermarket.ca's panel of financial gurus believe we could possibly see lower fixed mortgage rates and bigger variable rate discounts to prime
TORONTO, Feb. 4 /CNW/ - RateSupermarket.ca, Canada's rate... [ read more ]
Blog posted by Cory Kline, AMP
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Over the holiday season, this article came out and I want to make sure everyone is aware of the
possible changes that could effect our mortgage and real estate market.
Please see the attached Globe and Mail article from Dec 21st for your review...... [ read more ]
Expert Question posted by Joanne McPhail
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Hi! It is a good idea to have your lawyer review your offer. There is usually not an additional cost to this, if you are using the lawyer for the transaction, unless he/she is required to get involved with negotiations or major changes to the Agreement. Usually,... [ read more ]
Blog posted by Cory Kline, AMP
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New housing Construction has hit its highest level this year in November, more proof that Canada's real-estate market has clawed out of recession.
Record low interest rates are fuelling a rebound in Canada's real-estate market, spurring rising... [ read more ]
Blog posted by Cory Kline, AMP
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I have just finished reviewing the below 2 timely articles, and would like to share the main points with everyone. If you would like full copies of the articles, please email me at cory@ndlc.ca
ReMax 2010 Outlook Report.... ( Barrie Recap on Pages 13 and 14... [ read more ]
Expert Question posted by Cory Kline, AMP
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Reason #1 Your long-term plan and risk tolerance should determine which mortgage product is right for you. This product may or may not have the lowest rate. For instance, there are cases where lenders will offer lower rates for insured mortgages. With insured... [ read more ]
Expert Question posted by Cory Kline, AMP
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Reason #1 Your long-term plan and risk tolerance should determine which mortgage product is right for you. This product may or may not have the lowest rate. For instance, there are cases where lenders will offer lower rates for insured mortgages. With insured... [ read more ]
Expert Question posted by Cory Kline, AMP
Views (5667)
If there is ‘one’ thing that causes problems that can delay the closing of your house it’s verification of the Down Payment. Here’s why:
To meet the Requirements of CMHC or GE, On or before the issuance of a lending commitment you... [ read more ]
Expert Question posted by Cory Kline, AMP
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If you are applying to be preapproved for a mortgage, you should start to gather:
A letter of employment: Have your employer give you a letter on company letterhead outlining your name, position, gross annual income, and number of years employed with the... [ read more ]