From CAAMP industry circular, released December 6 2011 Bank of Canada Interest Rate October 25, 2011 1.00 % December 6, 2011 1.00 % January 17, 2012 Next meeting date Source: Bank of Canada Bank Prime Lending Rate October 26, 2011 3.00 % December 7, 2011 3.00 % January 18, 2012 Next meeting date Source: [...]
October 27, 2011
This is a re-blog of our managing director’s MortgageShowDown blog from 28 Sep 2011 12:51 PM PDT Wait a minute, I thought that the government took away 100% financing in Canada – they did, sort of – what they did not take away was your opportunity for a no money down mortgage. Doesn’t this sounds [...]
November 18, 2010
Having processed hundreds and helped our team process literally thousands of transactions in my career, I’ve come across so many different situations and it goes almost without saying that everyone’s situation is unique. Even more so, it’s important to note that as many things that this guide will educate you about mortgage products and the ‘right’ things to do to successfully obtain mortgage financing, there are also a few pitfalls that I’m happy to be able to help you avoid as well. Here’s a list of a few of the things that I’ve experienced in my career in helping clients with their mortgage needs…
October 12, 2010
As a team of Canadian Mortgage Specialists, one of the most professionally satisfying transactions we can ever be involved in is helping individuals and families that have recently immigrated to Canada through the ABC’s of purchasing their first home. Through Trimor Home Finance’s extensive lender relationships, we can offer newcomers access to mortgage products with low down payments, regardless of their immigration status.
July 27, 2010
Something new that slipped through MANY cracks this morning?
July 7, 2010
The Bank of Canada's qualifying rate has drifted downwards to 5.89% as of 06.30.2010... This should help 'ease' some people's concerns (a bit) when qualifying to purchase a home with a fixed term shorter than 5 years OR with a variable rate term.
June 30, 2010
A HUGE part of what we do as mortgage professionals is simplify the home-buying and home refinancing process for all of our clients. During every interaction, we do our best to educate and inform homebuyers and homeowners of the ins and outs of the homebuying process. As a team of 31 Mortgage Specialists, we send in literally dozens of mortgage applications for Canadians on a weekly basis and therefore have an intimate understanding of what the diverse needs of our Canadian mortgage borrowers are, what products exist in the Canadian Mortgage marketplace, and most importantly, in marrying the previous two together, knowing how to structure things properly to give lenders what they want to see as applications come across their desks. With this in mind, we have dissected a mortgage application from the point of view of the lender into four parts. Over the next four days, we will walk through an outline of the most important items that we recommend that mortgage-seekers should take note of to help ensure a smooth mortgage-seeking experience.
December 6, 2011