We are finally in 2021, and there were a lot of changes in the mortgage world throughout the last year. Canadian Mortgage Trends shared an article outlining the highlights of 2020. Instead of having you read the whole thing, I took the liberty of summarizing it for you. Here Is What Happened COVID-19 and Mortgage Deferrals It is no surprise that the COVID-19 pandemic was the biggest event of the year and lead to many homeowners using deferral programs offered by their lenders. At the height of everything, almost 800,000 mortgages were in deferral and by the end of the year, most…

What exactly is the difference between Fixed and Variable mortgage rates? What is the best option for you?   Fixed-Rate If you choose a fixed mortgage rate, this means that your rate and payment is set at the date of closing and will remain the same throughout the term of your mortgage. For example, if the current fixed rate is 2.4%, you will be paying that percentage of interest on your mortgage until it is up for renewal, at which time you will either negotiate a new rate with your existing lender or switch to a new lender who may be offering a lower…

Every industry has its own language and terms. These words and phrases can be confusing to anyone who is not part of the daily operations of a specific industry, and the mortgage business is no exception.

We are delighted to announce the launch of our new website!  

We are currently revamping our website. Our new website will be interactive and mobile friendly! Watch this space for updates. Just a few more weeks to go!