by awinch | Jun 29, 2023 | Uncategorized
Have you been considering purchasing a cottage or vacation home? Some of the rules surrounding cottages and second dwellings have changed in the last year even. If you plan on renting out your cottage, some alternative lenders and banks will now consider rental income...
by awinch | May 30, 2023 | Uncategorized
Did you know that in 2020, 17% of Canadian homeowners had a mortgage and a home equity line of credit (HELOC), up from 14% in 2019? During that period, the average credit limit for a HELOC in Canada was $152,000 with only $59,000 as the average amount used. If you...
by awinch | May 16, 2023 | Uncategorized
For a second mortgage, lenders will add the balance of both your first and second mortgage to determine your combined loan-to-value(CLTV). Historically, we have seen lenders go as high as 85% on CLTV but, given that average values have decreased across the country,...
by awinch | May 2, 2023 | Uncategorized
With interest rate volatility and the likelihood that fixed rates (although dropping from current HIGH levels) will still be higher in the fall than you might have currently, does it make sense to consider a refinance? With today’s housing prices and cost of living...
by awinch | Apr 18, 2023 | Uncategorized
When purchasing a home and moving, all while keeping the regular ship afloat, why not save some time and stress? Believe it or not, there are a handful of little things that aren’t the tips you might think of but will save you from frustration and headaches during...
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