Monthly Archives: Monday August 29th, 2016

Renegotiate your mortgage before it comes up for renewal

Monday August 29th, 2016

Renegotiate your mortgage before it comes up for renewal

Karine contracted a mortgage loan three years ago and there are two years remaining before the end of the term. Her mortgage interest rate is 4%. During a discussion with a colleague, she learns that the current interest rates for a 5-year mortgage term are around 3.9%. She is aware that the rates have been […]
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Changing jobs during the mortgage application process has its risks!

Monday August 15th, 2016

Changing jobs during the mortgage application process has its risks!

Changing your job in the middle of your mortgage application (purchase, refinancing, renewal or investment) can cause you some serious problems. In order to obtain your mortgage approval with all the conditions having been met, your employment status cannot be ‘probationary’. Therefore, if you change your job just before negotiating your mortgage, you will have […]
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