Important Mortgage Rule Change Update: FICOM will not be making changes to it’s lending guidelines, which means that provincially regulated credit unions, such as Island Savings and Coastal Community Credit Union, will not have to adopt the new mortgage rule changes come January 1st, 2018. Find out how this can affect the approval of your early mortgage renewal application by contacting a mortgage expert today.
I asked myself today why I write my articles. Sure, I enjoy writing, and I do get overwhelmingly good feedback. But I do have somewhat of a hidden agenda too. I want my readers (who have mortgages or are looking for a mortgage) to know that I analyze and think about economics and mortgages and […]
The USA Goes To The Polls. Not to be overly dramatic, but today’s US election really is one of those singular events that could have a huge impact on our Canadian economy, in a variety of ways. I’ve scoured over the Globe and Mail’s long Saturday article describing how the election will effect our economy, […]
Tuesday’s inflation announcement was a watershed moment for interest rates, and interest rate expectations. If you are applying for a variable mortgage, you’ll want to keep reading. What Happened? For the first time since February 2021, inflation finally came below the BoC’s target rate of 2.00%. The inflation rate actually dived well below the BoC […]