by Jamie Cunningham | Sep 7, 2023 | Bills, Blog, Credit, Credit Checks, Debt, Mortgage, Mortgage Broker, Payments, PG Mortgage Broker |
These days, like so many things, your credit score is easily accessible and free. Not so long ago, the only way to see your credit score was to obtain a copy of your credit report, which involved submitting a request and paying for the privilege. In 2014, however,...
by Jamie Cunningham | Feb 4, 2021 | BC, Blog, Bristish Columbia, CMHC, Finance, First Time Home Buyers, Home Equity, Mortgage Broker, Mortgage Renewal, PG Mortgage Broker, Refinance |
Whether you are purchasing, refinancing, or moving your mortgage to a new lender, it’s important to have a clear understanding of the mortgage approval process. It’s a big financial commitment so you’ll want to be sure you can move through the...
by Jamie Cunningham | Oct 29, 2020 | Bills, Blog, Bristish Columbia, City of Prince George, Debt, Divorce, Finance, Home Equity, Home Improvements, Homeownership, Interest Rate, Mortgage, Mortgage Broker, PG Mortgage Broker, prepayment penalties, Refinance, Separation |
There has been a flurry of refinance activity this year given our rock bottom interest rates, providing homeowners with access to today’s low rates and the most cost-effective way to get needed funds. Refinancing means getting out of your current mortgage and...
by Jamie Cunningham | Jul 30, 2020 | BC, Blog, Bristish Columbia, City of Prince George, Finance, First Time Home Buyers, Homeownership, Interest Rate, Mortgage, Mortgage Broker, PG Mortgage Broker, Pre-Approval, prepayment penalties, prince george |
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....
by Jamie Cunningham | Jul 15, 2020 | Announcements, Bank of Canada, BC, Bills, Blog, Bristish Columbia, City of Prince George, CMHC, Debt, Economy, Finance, Home Equity, Homeownership, Interest Rate, Mortgage, Mortgage Broker, PG Mortgage Broker, prince george, Refinance |
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...
by Katy Livingstone | May 22, 2020 | Bank of Canada, Blog, Bristish Columbia, City of Prince George, Economy, Finance, Interest Rate, Mortgage, Mortgage Broker, Payments |
This week the Minister of Finance has announced that the Mortgage Stress Test rate will be decreasing. Effective May 25, 2020, the new benchmark rate used to qualify insured mortgage will be 4.94%. Previously, the Stress Test rate was 5.04% What does that mean for...
