Monthly Archives: Monday October 30th, 2017

Important changes to Mortgage financing standards. Effective January 1st, 2018

Wednesday October 18th, 2017

Important changes to Mortgage financing standards. Effective January 1st, 2018

The Office of the Superintendent of Financial Institutions (OSFI) published on Tuesday, October 17, 2017 the final version of its B-20 Guideline, Residential Mortgage Underwriting Practices and Procedures, that all federally-regulated financial institutions must adhere by January 1st, 2018. The key change applied will affect anyone wishing to purchase or refinance a property (1 to 4 […]
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Why is there is an additional $684 in my notary’s fees?

Monday October 16th, 2017

Why is there is an additional $684 in my notary’s fees?

OMG! There is an additional $684.00 in my notary’s fees. Vanessa recently signed the deed of sale on her townhouse at the notary and has just received her bill. She discovers the amount of $684.00 for which she had not budgeted. But it is not the notary’s fees, which are those agreed upon, that are […]
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Refinancing your mortgage can make your dream kitchen a reality!

Tuesday October 10th, 2017

Refinancing your mortgage can make your dream kitchen a reality!

You may wonder whether there is a way to use your mortgage to finance a specific project, such as a kitchen renovation. Let’s take a look at how it is not only possible, it is actually the most cost-effective way to finance these types of costs. How does it work? First of all, you must […]
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