by Majid Habibi | Mar 6, 2020 | Blog, Economy, Homeownership, Mortgage
In 2017, the federal government announced a set of strict mortgage qualification rules including the much-talked about, and often-debated, stress test. Implemented for federally regulated lenders, the stress test was created to help alleviate overheating housing...
by Majid Habibi | Feb 21, 2020 | Blog, Homeownership, Mortgage
Credit. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. When you borrow money to buy a house, you will be required to prove that you have a good history of managing your credit. But what...
by Majid Habibi | Feb 7, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
The decision to become a homeowner represents a significant milestone. It’s, therefore, extremely important to consider all your options when it comes to the different types of available homes to ensure you find the right one that fulfills as many of your personal and...
by Majid Habibi | Jan 17, 2020 | Blog, Economy, Finance, Homeownership
The most popular mortgage selected by Canadians is the five-year fixed-rate option. While this isn’t always the best choice, it’s definitely the most common. But a lot can happen in five years. What if you need to buy a bigger home to accommodate your growing family...
by Majid Habibi | Jan 3, 2020 | Economy, Finance, Homeownership, Mortgage
Sometimes, you may just need an added boost to qualify for the loan amount required to get you into your new home, particularly following the introduction of tighter mortgage qualification rules. If you’re experiencing difficulty meeting traditional lender...
by Majid Habibi | Oct 18, 2019 | Blog, Economy, Finance, Homeownership, Mortgage
Prior to securing your first mortgage, you considered a number of different factors such as the rate, term, amortization period and other important features. So, before your mortgage reaches its maturity date (in five years or however long it has been set), it’s...
