by Robert Stanfield | Jun 4, 2021 | Blog, Homeownership, Mortgage
If you’re applying for a new credit card or even a job, taking out a loan or buying a new vehicle or home, a credit check will most likely be conducted to determine your creditworthiness. This helps determine if you’re dependable and able to pay back money you borrow....
by Robert Stanfield | May 28, 2021 | Blog, Homeownership, Mortgage
A recent Equifax survey of Canadian consumers shows 40% feel that mortgage fraud is a growing problem. Even more unsettling is that 9% admit to not having been entirely truthful on their loan applications, and a similar number believe it’s acceptable to falsely report...
by Robert Stanfield | May 21, 2021 | Announcements, Blog, Finance, Homeownership, Mortgage
In today’s unconventional housing market, where inventory is low, competition is fierce and bidding wars are common, obtaining a mortgage preapproval has never been more important. In the face of multiple offers and fast-paced decisions, having a preapproval in hand...
by Robert Stanfield | May 14, 2021 | Blog, Economy, Finance, Homeownership, Mortgage
Since the global pandemic reached our shores, the Bank of Canada cut its overnight target interest rate in a number of unscheduled announcements, finally settling on the record low 0.25%. Understandably, these reductions were implemented in an effort to help offset...
by Robert Stanfield | May 7, 2021 | Blog, Economy, Finance, Mortgage
The federal government introduced a number of relief measDid You Defer Payments? Be Sure to Check Your Credit!rd payments for a set period of time. At the end of the deferral agreement, payments returned to normal and the deferred amounts were added to the mortgage or...
by Robert Stanfield | Apr 16, 2021 | Blog, Homeownership, Mortgage
When buying a home, mortgage financing requirements are subject to lender approval, which is based on certain conditions including an appraisal of the property. The appraisal is conducted by a licensed, professional real estate appraiser who provides an evaluation of...
