Durham Region Mortgage Blog

Real mortgage solutions, not just rates.

Category: Industry Updates (7 posts)

Bigger down payment needed for homes over $500,000.

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?

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

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?

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?

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]

Mortgage Rule Changes

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

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]

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Sherry Corbitt
Sherry Corbitt
Whitby, Mortgage Broker Level 2
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