Blog
What is a mortgage ‘refinance’ and how does it affect me?
Posted by: Cory Kline
Refinancing a Home is one of those things where people understand what it is but have trouble explaining how it works. To put it simply, refinancing your home allows you to access the equity you have built up, by changing the mortgage amount. Let’s say you bought a $300,000 condo and you paid 20% ($60,000) […]
Read MoreINCOME QUALIFIED BORROWERS
Posted by: Cory Kline
There are several different ways a borrower can qualify for a mortgage when it comes to their income. One of the most common ways is known as income qualified. All of the following methods of employment income are under the income qualified umbrella: 1) Annual salary income employees 2) Full time employees working guaranteed weekly […]
Read MoreHow to get a 5% down payment for a $500,000 purchase
Posted by: Cory Kline
We have seen a return of the buyers’ market and many people are asking, how long will this last? While some renters without a down payment might be asking, how can o put a plan in place to own? With the cost of living so high, and student debts coming out of school, many consumers […]
Read MoreMortgage rates are now at their lowest level since 2017! Where are they heading next?
Posted by: Cory Kline
Five-year fixed rates are back down to where they were in 2017! They should remain low for the rest of the year. This is really good news if your mortgage is coming up for renewal this year or you are refinancing. Five-year fixed-rates are now almost at the same level as variable rates, which is […]
Read MoreDebt: To consolidate or not to consolidate? That is the question
Posted by: Cory Kline
If your family is stressing over debt please give me a call, I would love to help you with your options. If you are a Canadian living in debt, you are not alone. According to Statistics Canada, household debt grew faster than income last year, with Canadians owing $1.79 for every dollar of household disposable […]
Read MoreRates remain stable for the time being…
Posted by: Cory Kline
In a terse statement, the Bank of Canada maintained its benchmark overnight rate for the fifth consecutive meeting and stated that economy was performing in line with the projections in the Bank’s April Monetary Policy Report (MPR). Following a slowdown in economic activity late last year and in the first quarter of this year, the […]
Read More