Mortgages are one of the biggest financial commitments you will ever make in your lifetime, so you need to understand the terms and conditions they come with. To guarantee you know the pros and cons of your mortgage contract, it is advisable to work with a mortgage broker and lawyer.

Working with mortgages is quite challenging during the pandemic, with many people getting reductions in the amount that they were getting paid or losing their jobs. People are not spending large amounts of money or investing in projects that they can put off to the future. Additionally, mortgages are used for expensive items, which is something people are avoiding investing in, especially during a pandemic with an uncertain future.

Original Article Source Credits:   CBC News , https://www.cbc.ca/

Article Written By:  Pete Evans 

Original Article Posted on:   Apr 08, 2021 

Link to Original Article:  https://www.cbc.ca/news/business/osfi-mortgage-stress-test-rules-1.5979558

The COVID-19 pandemic created a fear of the unknown. Companies are now subject to the new rules that the Government is implementing to help reduce the spreading virus. The Government keeps changing the rules and implementing new lockdown restrictions, as information is coming in, with many countries shutting down and people not allowed to leave their homes unless it was for essential services.

Original Article Source Credits:    Better Dwelling , https://betterdwelling.com/

Article Written By:  Stephen Punwasi

Original Article Posted on:  JANUARY 12, 2021

Link to Original Article:  https://betterdwelling.com/canadas-economy-has-never-been-more-dependent-on-real-estate/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  NOVEMBER 22, 2020

Link to Original Article:  https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-prices-forecasted-to-fall-next-year-and-debt-problems-to-get-worse/

Original Article Source Credits:   CTV News , https://calgary.ctvnews.ca/

Article Written By:  Timm Bruch

Original Article Posted on:  November 6, 2020

Link to Original Article:  https://calgary.ctvnews.ca/mortgage-deferrals-arrears-way-up-in-alberta-as-the-economic-downturn-continues-1.5178577

Original Article Source Credits:   NewsWire , https://www.newswire.ca/

Article Written By:  NA

Original Article Posted on:  Nov. 17, 2020

Link to Original Article:  https://www.newswire.ca/news-releases/canadian-housing-starts-trended-higher-in-october-891877273.html

For most homebuyers, acquiring the perfect mortgage deal can turn their dream of homeownership into reality. However, the process of obtaining a mortgage can be daunting due to complex rules and regulations, which can be stressful to understand for a layperson. Therefore, it’s best to enlist the services of an experienced mortgage broker to help simplify the mortgage process and make the homebuying journey a hassle-free one.

Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Ari Altstedter

Original Article Posted on:  Nov 04, 2020 

Link to Original Article:  https://financialpost.com/real-estate/downtown-condo-sales-fall-in-toronto-as-people-flee-to-suburbs

Original Article Source Credits:   NewsWire , https://www.newswire.ca/

Article Written By:  NA

Original Article Posted on:  Oct, 8, 2020

Link to Original Article:  https://www.newswire.ca/news-releases/canadian-housing-starts-trend-sees-little-change-in-september-829453998.html

The COVID-19 pandemic has caused great turmoil in the financial markets and has turned out to be one of the most significant economic downturns in recent times. With greater unemployment, the considerable fall in oil prices, and the massive hike in the prices of gold, the job market is undergoing tremendous upheaval.

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:   2020-09-15

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/pay-mortgage-faster.html

Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:   Erica Alini 

Original Article Posted on:  August 26, 2020

Link to Original Article:  https://globalnews.ca/news/7286008/coronavirus-mortgage-deferrals-end-canada/

Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:  Staff

Original Article Posted on:  August 28, 2020

Link to Original Article:  https://globalnews.ca/news/7304001/cmhc-housing-market-coronavirus/

Original Article Source Credits:   CANADA , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2019-11-26

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/home-equity-line-credit.html

If you’re looking for a mortgage, whether it’s to help you buy your first home or access your home equity, it’s important to pick a reliable agent with high standards. After all, the results will affect the financial state of your future! Therefore, it’s essential to choose a mortgage agent that you can trust to get the best deal for you

Obtaining the right mortgage product will take you a step closer to your dream of home ownership. However, if you’re a first-time home buyer, navigating the mortgage market, searching for the best deal, and submitting your mortgage application can be overwhelming. 

You can encounter many roadblocks when seeking a mortgage for your dream home.  The complex and intricate nature of the mortgage application process can make it a daunting task. Seeking the assistance of an experienced mortgage agent can greatly improve your chances of qualifying for your dream home mortgage. 

Are you struggling to get a mortgage to finance your dream house? There are several factors lenders need to consider before deciding to lend to you. For institutional lenders to qualify you for a mortgage, the primary requirements are provable income and good credit.