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From 1st January 2018, any Canadian seeking mortgage from a federally regulated lender will be subjected to a mortgage stress test before they are granted the lending facility. It implies that mortgage seekers will now have to qualify for BOC’s 5-year benchmark rate for the…

Players in the investment community and the financial media are always keen on interest rates. Every time there is a change in the rates, whether positive or negative, the effects are not just felt by those who are directly involved, but they tend to ripple…

President Donald Trump has broken his silence on the turmoil currently being experienced in the stock markets. According to him, investors are making a very big mistake by withdrawing from the market when there was nothing but good news concerning the economy. In a tweet,…

Cryptocurrencies are making headlines in the news more than ever. Bitcoin has gained so much in value, and it is quickly becoming a preferred method of payment for high-end real estate transactions. A significant number of individuals, who have made millions in cryptocurrency, are now…

The first weeks of February saw wrenching volatility across most major stock markets, and this was observed with great concern amongst the various shareholders. Two conclusions can be drawn; firstly, many stocks are still doing very well in year 2018; secondly, Canada’s stock market has…

The new mortgage rules aimed at cracking down on the Canadian mortgage market will result in about 100,000 people to fail a stress test on their finances. Starting January 2018, every unsecured borrower from a federally regulated lender will have their finance’s stress tested to…

With a second mortgage, you have the ability to take a loan against the value of your home. Your home becomes an asset over time, and it grows in value, thus giving you the leverage you need to access more funding. If you feel baffled…

Getting a mortgage is never a walk in the park. It is a complex process, and a time consuming one where most people normally end up making very costly mistakes. As a mortgage broker, it is imperative upon you to educate your clients about some…

Becoming a mortgage broker is a challenging, but very rewarding career if you finally get the hang of it. For rookies in the industry, there is always a lot to learn, and several pitfalls to avoid. This is because the industry is ever evolving, and…