What Is A Monoline Lender

What Is A Monoline Lender

We are often asked about monoline lenders – who are they, what benefits do they offer, and how do you get access to a monoline lender anyway? Good questions. “Mono” means “one”. So it’s a “one-line” lender that doesn’t do anything else except mortgage lending....
Bank of Canada Rate Hold

Bank of Canada Rate Hold

The Bank of Canada (“BOC”) announced today that it is holding its target for the overnight rate at the “effective lower bound” of 0.25%. Cameron Strong, CEO, Invis Mortgage Intelligence notes that “Canadian mortgage holders can expect no further rate...
Mortgage Deferrals + Ten Tips

Mortgage Deferrals + Ten Tips

We hope you and your family are enjoying good health and finding some measure of happiness in this strange spring. Certainly, many are feeling the financial pressures mount as we work together to conquer this pandemic. The good news is there are strategies that can...

Why are Mortgage Rates Rising?

Why are mortgage interest rates rising when the Bank of Canada continues to drop the Prime Lending Rate?   In January 2020 the Bank of Canada prime rate was 3.95%, since then we have seen multiple drops and the prime lending rate is now 2.45%. Normally, we would see...
Important Update

Important Update

To say the last couple of weeks have been chaotic, would be an understatement. It’s an unsettling time for most people and we are all trying to navigate through with the best of our knowledge and ability. In the mortgage world we have also had some big changes. I...