Blog posted by Cory Kline, AMP
Views (8273)
The bond rate has been steady the last few weeks. From a year to date high of 2.53 on April 8th, the rates have fallen 30-35 basis points. This has resulted in all lenders lowering their fixed rates. 5 year mortgages are now available in the 3.89-4.19% range. There... [ read more ]
Blog posted by Cory Kline, AMP
Views (8369)
The main reason many renters feel they can't afford to purchase a home has to do with saving for a down payment. But there are many solutions available today that can help first-time buyers with their down payments.
Many lenders will allow for a gifted or... [ read more ]
Blog posted by Cory Kline, AMP
Views (30615)
In a time where identity theft and Ponzi schemes are plastered across the daily news, the last thing you want to worry about is yet another way to lose your hard-earned money.
But as a homeowner, you need to be aware of crimes on the rise known as mortgage fraud... [ read more ]
Blog posted by Cory Kline, AMP
Views (8984)
Financial Post Staff May 10, 2011 – 6:54 PM ET | Last Updated: May 10, 2011 7:14 PM ET
By John Greenwood and Barbara Shecter
There has already been “some softening” in the Canadian real estate market so there is no need for further... [ read more ]
Blog posted by Cory Kline, AMP
Views (13118)
A Mortgage rate increase has happened over the last few days. Fixed rates moved up by 20-30 basis points. We still have a few lenders who have not moved yet, but fully expect to lose them any day now. 5 year fixed mortgages are now in the 4.2-4.3%... [ read more ]
Blog posted by Cory Kline, AMP
Views (18145)
We will be seeing an increase to Fixed Mortgage rates over the next 24 hours. The bond rate has continued to inch upwards the past few days. We have had several lenders contacting us with warnings of rate increases.
If you are thinking of... [ read more ]
Blog posted by Cory Kline, AMP
Views (11705)
What Does a Lender Consider When Looking at Your Mortgage Application?
Income and Job Stability – Your income determines how much you may borrow. In most cases, 32% of your gross income for salaried, non-self-employed or commissioned people is used to... [ read more ]
Blog posted by Cory Kline, AMP
Views (8046)
The Mortgage Financing Process
The number one question a homebuyer often has is “What does the mortgage process entail?” In very simple terms, following is an outline of the process upon which you are about to embark:... [ read more ]
Blog posted by Cory Kline, AMP
Views (12847)
The bond rate has moved up the last few days with news of stronger that expected U.S. job figures. There continues to be lots of turmoil with the Middle East situations and news of possible rate increases in Europe due to inflationary concerns.
There have been... [ read more ]
Blog posted by Cory Kline, AMP
Views (8236)
Types of Mortgages
Mortgages can be a confusing subject. Buying or selling a home is an emotional decision and can be very stressful. As a mortgage advisor, I will take the confusion out of mortgages and make the process as smooth as possible.
In Canada, there are... [ read more ]
Blog posted by Cory Kline, AMP
Views (14824)
Market Comment
The bond rate has risen by 25 basis points since the start of the month. Lender's started moving their rates up on Tuesday.
5 year fixed... [ read more ]
Blog posted by Cory Kline, AMP
Views (14624)
We have had a week now to reflect on the recent government changes to mortgage policies. While it may not effect a lot of you, there are probably some of you, or you know someone who this may effect. The policies do not come into force until March 18th,... [ read more ]
Blog posted by Cory Kline, AMP
Views (12356)
Flaherty tables new rules to curb household debt
By David Akin, Parliamentary Bureau Chief
Last Updated: January 17, 2011 8:15am
OTTAWA – The federal government Monday tabled a series of new rules aimed to curbing what it sees as the growing problem of... [ read more ]
Blog posted by Cory Kline, AMP
Views (7962)
The Bank of Canada kept Prime Rate unchanged in their announcement this morning.
Overall economic growth in Canada was slightly slower than anticipated.
There is nothing in their wording which is a surprise.
To read the full article...... [ read more ]
Blog posted by Cory Kline, AMP
Views (11735)
Oct 29th, 2010
Something of huge value for home buyers with 0%-5% down payments....
Most clients who are looking for a "Free Down Payment" style of mortgage are getting 5.29% currently from the Bank.
I just... [ read more ]