June 2012

Are You Eligible to Apply for a Home Mortgage With Bad Credit?

by Kyle Pearce - Mortgage Centre Specialist on June 27, 2012

in Credit, Home Mortgage Ontario, Mortgage

Guest Post By: Diana Degarmo Edited By: Kyle Pearce For any mortgage, the lender will review your financial situation and credit report before approving you for a home mortgage loan. In order to lower their own risks, lenders prefer borrowers with a healthy credit history and good credit score. However, depending on your situation, exceptions [...]

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Jim Flaherty & Canadian Government Rolls Out New Mortgage Rules

by Kyle Pearce - Mortgage Centre Specialist on June 21, 2012

in Home Mortgage Ontario, Mortgage

In Ottawa on Wednesday June 20th, Jim Flaherty announced that the Canadian Government will be making changes to mortgage policies yet again to battle the high levels of household debt currently held by Canadians effective July 9, 2012. Flaherty announced that Ottawa will reduce the maximum amortization period from 30 years to 25 years for [...]

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How a Maternity Leave Affects Applying for a Mortgage

by Kyle Pearce - Mortgage Centre Specialist on June 10, 2012

in Home Mortgage Ontario, Mortgage

It is a Sunday morning and I just finished changing our newborn daughter, Taliah.  With space in our house decreasing daily, my wife and I often discuss how long we can last before we should take the next step up the property ladder.  It seems that each day we are changing our minds. “Let’s wait [...]

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Are Variable Rate Mortgages Really That Risky?

by Kyle Pearce - Mortgage Centre Specialist on June 6, 2012

in Home Mortgage Ontario, Interest, Mortgage

The 5-year fixed rate mortgage product still remains the front-runner in Canadian mortgage choices for consumers, but you may have found yourself interested in those lower variable rates that you always see advertised.  As is human nature, most shy away from variable rate mortgages simply from fear of the unknown.  The big question most ask [...]

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