Category: Industry Updates (7 posts)
Bigger down payment needed for homes over $500,000.
January 24, 2025 | Posted by: Sherry Corbitt
On December 10th, the Finance Minister announced that any home purchases over $500,000 would need 10% as a down payment instead of just 5%. The extra down payment is only needed for the portion that i ... [read more]
Does No Down Payment mortgages still exist?
January 24, 2025 | Posted by: Sherry Corbitt
Does “No Down Payment” mortgages still exist? YES! Have you been curious about how the no-down-payment mortgages work when you don’t have the savings but want to get into a home? He ... [read more]
Mortgage rule changes heighten need for brokers
January 24, 2025 | Posted by: Sherry Corbitt
In light of the federal government’s recent changes to mortgage insurance and qualifications, it is now more critical than ever for Canadian homebuyers to use the services of a mortgage broker a ... [read more]
What Is the Best Term to Select at Renewal?
December 2, 2024 | Posted by: Sherry Corbitt
The most common question I am asked these days: Should I take a Three-Year or Five-Year Term? In this rate environment, this is indeed a hard decision. The 5-year fixed rate will be lower ... [read more]
Home Buyer's Program: What Do You Need to Know About It?
November 27, 2024 | Posted by: Sherry Corbitt
Are you a first-time buyer thinking about buying this year? Do you have your down payment set aside and are just waiting to take that big step? You may have a minimal opportunity that is time-sens ... [read more]
.png)
Mortgage Rule Changes
November 27, 2024 | Posted by: Sherry Corbitt
If you’re thinking about getting a mortgage in Canada, listen up! Starting December 15th, there are two important changes in the mortgage industry. Here’s a quick rundown to keep you in th ... [read more]
Accelerate Your Business with Niche Marketing
January 11, 2018 | Posted by: Sherry Corbitt
I am thrilled to be a guest columnist this month at Canadian Mortgage Trends! Had a blast writing the article and was flattered to be asked to give advice on niche marketing. Want to ... [read more]
