It’s official – the Benchmark Qualifying Rate is increasing to 5.25% starting tomorrow, June 1st. If you’re looking to purchase or refinance now is the time to talk to a mortgage broker. We’re here to help!
Thank You for TWO Readers’ Choice Awards !!
To say I’m grateful is an understatement. Having the privilege and the honour to work with so many people and so many families during the past 14 years of brokering, is a gift that I have not taken for granted. This industry is not easy. The constant changes in policies, the craziness of our housing […]
Meet Your Mortgage Broker
We’ve talked about why you should work with a mortgage broker over a bank, but there are a lot of brokers out there… so how do you pick the right one to work with? I thought I would take a moment to introduce myself and talk a bit about what sets Gail Sylvester Mortgages a […]
Are changes coming to the Benchmark Qualifying Rate?
Over the last 10 years, we’ve seen almost 170 different mortgage rule changes. If that doesn’t say talk to an expert, I don’t know what does… The latest proposed change is looking like it will be increasing the benchmark qualifying rate, which means, this is a higher interest rate that you must qualify at when […]