Getting the Down Payment Down.

General Jennifer Brophy 7 Jun

A down payment is one of the most essential aspects of every mortgage application and new home purchase. In Canada, home purchases require a minimum cash payment from your own funds that is put towards the purchase. This is your down payment and is considered your stake in the deal. Many home buyers understand that […]

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Banking Regulator Aims To Make It Tougher To Get An Uninsured Mortgage

General Jennifer Brophy 9 Apr

With several Big-Five bank CEOs calling for regulatory action to slow the red-hot housing market, it didn’t take long for the Office of the Superintendent of Financial Institutions (OSFI), the governor of federally regulated financial institutions, to respond. In a news release issued today, OSFI proposed an increase in uninsured mortgages’ qualifying rate to the […]

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10 Reasons you should use a whistler mortgage broker

General Jennifer Brophy 19 Mar

SAVE TIME. When you deal with a mortgage broker, you only have to fill out one application (and we all know those types of applications aren’t exactly fun to complete). The mortgage broker then shops your application to lenders to find you the best product and rate. SAVE MONEY. There’s absolutely no charge for our […]

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What’s ‘up’ with Fixed Rates?

General Jennifer Brophy 9 Mar

Historically low fixed rates have been one of the pandemic silver linings fueling the Canadian real estate market. However, in the last two weeks, we have seen fixed rates creep up twice since the pandemic began as a result of a rising yield on the Canada 5-year bond. The steeper bond yield reflects growing optimism […]

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6 Important Questions to Ask Before a Big Home Renovation

General Jennifer Brophy 10 Feb

6 Important Questions to Ask Before a Big Home Renovation. So you want to make a major home renovation. Congratulations! Now, you’ve got to find the right contractor for the job. While doing a thorough online search or asking family and friends is an important first step, once you find a potential contractor, it’s time […]

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How to ace your credit score 

General Jennifer Brophy 3 Feb

How to ace your credit score  Whether you’re trying to increase your credit score to meet CMHC’s new minimum requirement of 680, need to improve poor credit, or are just aiming for the perfect score of 900, here are a few tips to get you closer to your goal:    Try to use less than […]

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FIXED VS VARIABLE: The good the bad and the ugly

General Jennifer Brophy 26 Jan

FIXED VS VARIABLE: The good the bad and the ugly There is no ‘one size fits all’ answer to the fixed vs. variable rate debate, but understanding how rates work and evaluating your unique situation and financial goals will help guide your answer.  Fixed -The good You lock in a rate for years for a […]

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What will the real estate industry look like in 2021?

General Jennifer Brophy 23 Jan

What will the real estate industry look like in 2021? If there is one word that defines life in 2021, that word is change. How much and for how long is uncertain. And while some changes may be temporary, many may be here to stay. How will all of this change impact the real estate […]

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Could your next break up save you thousands?

General Jennifer Brophy 19 Jan

Could your next break up save you thousands? The most common question I’m asked by friends these days is “Does it make sense for me to break my mortgage?”. With record breaking low interest rates it is worth crunching the numbers. On top of interest savings, it can be a way to free up cash […]

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Getting a Mortgage When You’re New to Canada.

General Jennifer Brophy 8 Jan

Canada has seen a surge of international migration over the last few years. In 2019, we welcomed a total of 313,580 immigrants to the country! This is an increase of 40,000 individuals when compared to 2017 numbers. According to planned immigration levels, it is estimated that Canada will receive 341,000 permanent residents in 2020. In […]

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