thebestrate’s Posts

Home Equity Mortgage Solutions

Improve Cash Flow And Lower Your Monthly Payments Canada faces challenging times with the COVID-19 shutdown and economic upheaval. Having a strategy in place, such as lowering your monthly payments, ensuring you have access to an emergency fund and making sure you are...

Mortgage Pre-Approval vs Pre-Qualified

The best way to avoid stress in buying a home is to be Pre-Approved before you start the house shopping process. Don’t just settle for being Pre-Qualified for this could still leave you open for last minute surprises. Every month we have 2 or 3 files where the clients...

Results of OSFI now overseeing CMHC

One of the results of OSFI now overseeing CMHC will be that more borrowers will require an Alternative Lender as Banks tighten up. The banks will have to sweeten the terms of the “covered” bonds they sell in the market. In the past these bonds, backed by a portfolio...

Finance Minster feels pressure to raise interest rates

Finance Minister Jim Flaherty says Canada will face global pressure to raise interest rates in 2014, as the United States begins to step back from its policy of extraordinary economic stimulus through intervention in bond markets.The Fed’s reduction of quantitative...

First Class Opportunities for New Home Buyers

You live in a house, but is it your home? Being a renter is a position that we all find ourselves in at one stage of life, or another. Consider it a means to an end. Eventually the time comes when you are in position to invest your hard earned cash into your future....