Blog Articles
Mortgage Payment Options
Different Types of Mortgage Payments Options Congratulations, you've found your dream home and your trusted Mortgage Broker secured your mortgage. You have many mortgage payment options to pay off your mortgage faster. Faster repayment means less interest paid...
Stress Test Rate Lowered by The Bank of Canada
STRESS TEST QUALIFYING RATE LOWERED BY THE BANK OF CANADA The stress test qualifying rate was lowered 15 bps by the Bank of Canada. The new rate is 5.19%, down from 5.34%. This is a modest move when you consider Canada's 5-year bond rate has declined 106 bps from...
Who Is An Income-Qualified Borrower?
WHO IS AN INCOME-QUALIFIED BORROWER? An income-qualified borrower is someone with sufficient employment income to service their mortgage. The most important question for the lender is, "how will they repay this mortgage?" There are several ways a borrower can qualify...
What Is The B-20 Stress-Test?
Do You Understand the B-20 Stress Test? A recent survey shed light on the lack of knowledge surrounding the B-20 Stress Test. The B-20 Stress Test has been in place for more than a year. Surprisingly, 43% of Canadians are not confident they fully understand the...
March Home Sales Rebound From Slow February
This is the latest blog post from DLC's Chief Economist, Dr. Sherry Cooper MARCH HOME SALES SEE SLIGHT UPTICK Statistics released Monday by the Canadian Real Estate Association (CREA) show that national home sales edged higher in March following the sharp decline in...
Verifying Your Down Payment Source
Verifying Your Down Payment Source In recent months, money laundering has become a hotly debated topic. Investigators have been bringing to light vast sums of money from criminal activities used to purchase real estate. Focusing on British Columbia alone, estimates...
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