Mortgage Blog

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Proof of Income

Proof of Income

November 18, 2017 | Posted by: Eric Palmer

Purchase or refinance now before rules change in January If you’re looking to buy and will have more than 20 percent down, or if you are considering refinancing, then you might want to do so be ... [read more]

Why use a Mortgage Broker?

Why use a Mortgage Broker?

September 30, 2017 | Posted by: Eric Palmer

Ten great reasons to use a mortgage broker   For many Canadians, mortgage payments are their single biggest expense. Yet most don’t comparison shop to ensure they’re getting the bes ... [read more]

What is the Qualifying rate?

What is the Qualifying rate?

September 15, 2017 | Posted by: Eric Palmer

What is the Qualifying Rate?   The Department of Finance introduced the Qualifying Rate in 2010 as a new way to assess borrower eligibility and ensure borrowers can handle their payments should ... [read more]

Four Insurance definitions

Four Insurance definitions

September 10, 2017 | Posted by: Eric Palmer

Four insurance definitions for homebuyers.   It’s easy to get caught up in home buying frenzy and just focus on finding that perfect home. During all that excitement, be sure to take some ... [read more]

After the rate hike

After the rate hike

August 3, 2017 | Posted by: Eric Palmer

Eric Palmer, AMP Mortgage Broker 613.384.2334 AFTER THE RATE HIKE... What's next? On July 12th, for the first time in seven years, the Bank of Canada ... [read more]

conditional on financing

conditional on financing

July 25, 2017 | Posted by: Eric Palmer

 “Conditional on financing”: the most important part of your offer   When you find the condo or house of your dreams and want to make an offer, do you need a financing conditio ... [read more]

Don't Stress about the stress test

Don't Stress about the stress test

November 8, 2016 | Posted by: Eric Palmer

Your Home & Mortgage November 2016 Should you stress about the stress test? What you should know about new mortgage rules. On October 3rd, Finance Minister Bill Morneau announced that new mort ... [read more]

Why You Need an Emergency Fund And How to Get One

Why You Need an Emergency Fund And How to Get One

February 11, 2016 | Posted by: Eric Palmer

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ... [read more]

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

February 11, 2016 | Posted by: Eric Palmer

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ... [read more]

Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

February 11, 2016 | Posted by: Eric Palmer

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ... [read more]

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Eric Palmer
Eric Palmer, AMP
Kingston, Mortgage Broker
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