Are you in a Variable Rate or a Fixed rate mortgage? Is your interest rate and mortgage still working for you? Today, let’s talk about your options and how we can make sure your mortgage product that worked for you two years ago, is still working for you today!
Is your mortgage up for renewal and you’ve just received a letter from your lender with a renewal offer? Here’s all you need to know before you sign that letter. We want to make sure you’re not leaving any money left on the table, so give us a call before you sign on that dotted […]
Did you know that most lenders will accept your Canada Child Benefit (CCB) as part of your income on your mortgage application? This can be a great addition to strengthen your application if you’re recently separated. But even if you’re not, we can use this income to help your family secure a mortgage that’s affordable […]
In the fourth instalment of our series on Divorces and Separations, we’re going to talk about the Separation Agreement. I let all of my clients know that a Separation Agreement is one of the most important documents you need when moving forward, but what is it? Why do we need one? And most importantly, what […]
Now that we’ve determined what the property value is, what’s the next step? Let’s say one of the parties decides they want to stay in the matrimonial home, so we need to do a spousal buyout. How does a spousal buyout work? What happens with the equity that the house has accumulated? Do you have […]
In the second episode of our series on divorces and separations, we’re going to talk about the property and the property value. Does it make sense to stay in the matrimonial home or is it best for you to move? We’re going to look at what you can afford on paper, but also what you […]
This month, I’m going to be focusing on all you need to know about separations and divorces. I know it can be an uncomfortable or scary topic to discuss, but the reality is that separations happen. You are not alone during this difficult time and I am always here to help, with more than just […]
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!
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 […]
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 […]