by Peter Lirantzis | Oct 4, 2024 | Blog, Homeownership
Homeowners who switch lenders when your mortgage term is up for renewal will no longer be subject to stress-test rules – which add a 2% rate surcharge when qualifying your mortgage – as of November 21st, 2024. This change provides added flexibility so your mortgage...
by Peter Lirantzis | Jul 19, 2024 | Blog, Homeownership, Mortgage
Saving for a down payment on a home can be challenging but, with careful planning and discipline, this important milestone will become much more easily achievable. Following are 10 helpful tips to get you started on your homeownership journey as soon as possible. 1....
by Peter Lirantzis | Jul 5, 2024 | Blog, Homeownership
College and university residence spaces and local rental opportunities are tight in many areas with concentrated amounts of student population. That’s why it may be a great idea to consider buying a home for your child and their friends/roommates to live in while...
by Peter Lirantzis | Jun 21, 2024 | Blog, Homeownership
Mortgage fraud is a serious issue in Canada that is becoming extremely sophisticated, and can lead to significant financial loss and long-term complications for borrowers. To safeguard against this threat, as a potential homebuyer or mortgage borrower, there are...
by Peter Lirantzis | Jun 7, 2024 | Blog, Homeownership, Mortgage
Private mortgage options have become increasingly more popular thanks to stringent stress test mortgage qualification rules required by traditional lenders such as banks, increased inflation and higher interest rates. It’s just one more option your mortgage agent can...
by Peter Lirantzis | Apr 19, 2024 | Blog, Homeownership
April 2024 has been an active month for news impacting mortgage borrowers! The 2024 federal budget contained some benefits for first-time homebuyers, which is a step in the right direction. In addition, the federal government announced big plans the mortgage industry...