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Stress test rate drop

Stress test rate drop

July 19, 2019 | Posted by: Natalie Wellings

Yesterday the stress test rate dropped to 5.19%, from 5.34%. It's not much but we will take it! ... [read more]

What the heck is the First Time Home Buyer Incentive program?

What the heck is the First Time Home Buyer Incentive program?

June 21, 2019 | Posted by: Natalie Wellings

We finally have some information on the new program being rolled out this fall where the government will lend buyers 5-10% of the purchase price of a home… Here’s what we know so far: ... [read more]

Breaking: Home buyer incentives just announced in federal budget!

Breaking: Home buyer incentives just announced in federal budget!

March 20, 2019 | Posted by: Natalie Wellings

Details have just been announced on the new federal budget. There is going to be some sort of loan offered from CMHC to reduce mortgage size. My initial reaction is that this is an odd incentive. I fe ... [read more]

Exclusive Offer for Condo Mortgages!

Exclusive Offer for Condo Mortgages!

December 5, 2018 | Posted by: Natalie Wellings

Exclusive offer for condo mortgages only! One of my lending partners, Street Capital, is offering a $250 Home Depot gift card to purchasers of condo’s! They will send you the gift card after clo ... [read more]

November Economic report & a big thank you!

November Economic report & a big thank you!

November 23, 2018 | Posted by: Natalie Wellings

I had a wonderful time at the Verico Conference, a few weeks ago, where I was awarded the President’s Club award for sale achievements in 2017. A huge thank you to my clients and referral partne ... [read more]

Bank of Canada Rate Increase

Bank of Canada Rate Increase

October 24, 2018 | Posted by: Natalie Wellings

By now you have likely heard that the Bank of Canada has increased the prime rate. This is the 5th increase since last summer. The prime rate has increased from 3.70% to 3.95%. When the prime rate inc ... [read more]

What is your relationship with debt?

What is your relationship with debt?

September 6, 2018 | Posted by: Natalie Wellings

Debt does not have to define you! I heard this on the radio last week and have been meaning to post it. The burden of debt. It is a real problem and I see the emotional effects of it when I am speakin ... [read more]

How are Mortgage Broker's paid?

How are Mortgage Broker's paid?

August 22, 2018 | Posted by: Natalie Wellings

There is sometimes confusion on how a Mortgage Broker gets paid; I get a lot of questions from clients about that. We are 100% commission people and are compensated by the mortgage lender (not the bor ... [read more]

CMHC to make financing easier for self employed Canadians...

CMHC to make financing easier for self employed Canadians...

July 19, 2018 | Posted by: Natalie Wellings

CMHC has announced that they will be making it 'easier' for self employed borrowers to obtain a mortgage. I have not received any concrete information on what this means as of yet. If you have gotten ... [read more]

Variable rate mortgages are going up!

Variable rate mortgages are going up!

July 11, 2018 | Posted by: Natalie Wellings

... [read more]

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