Welcome to My Blog

MYTHS About Reverse Mortgages – separating fact from fiction

MYTHS About Reverse Mortgages – separating fact from fiction

Many of the myths surrounding CHIP Reverse Mortgages have often been as a result of information taken from American experiences and have absolutely no relevance in Canada.  Below, some of the myths that we often hear about, the 'reliable' information sources...

read more
Tougher Mortgage Rules “Stress Test”

Tougher Mortgage Rules “Stress Test”

In just over 2 months, Canada's banking regulator launches its controversial mortgage ‘stress test’, probably the most draconian rule change in recent history, aimed at people with heavier debt loads and at least 20 per cent equity. This past week, the Office of...

read more
The Canadian Dream

The Canadian Dream

Happy Birthday #150 Canada! Under the heading: “Where Did The Time Go?”, I reflect with great fondness on my Canadian Experience on the 150th Anniversary of this great country. I was living in Montreal in 1967 the year of the Centennial – having just arrived from...

read more
 	 Reality check

  Reality check

Recently I was talking to a bank manager friend of mine ‘Jack’ about this current crazy housing market and it presents a picture that is at once dangerous and lacking anything that makes sense! Jack is seeing on an almost daily basis, clients who purchased properties...

read more
Re-financing may be an option

Re-financing may be an option

Although low interest rates and a vigorous housing market continue to be the norm, Canadians are still saddled with the burden of high debt loads. According to recent stats, the ratio of debt to disposable income rose to 167.3% by the end of 2016. This means that...

read more
Should Senior Canadians consider a Mortgage?

Should Senior Canadians consider a Mortgage?

Recently we discovered an article published by The Globe and Mail, ‘Seniors taking out mortgages – is it ever a good idea? By Diane Jermyn. The article follows a senior couple who are considering accessing funds locked up in their home equity by taking out a...

read more

Mortgage Calculator

Memberships

Whitby Chamber of Commercemortgage-professionals-canadaNewcastle & District Chamber of Commerce