Category: Financing (20 posts)
Bank of Canada update
April 22, 2021 | Posted by: Eric Palmer
No Bank of Canada Rate Change The Bank of Canada announced today that it is maintaining the benchmark rate, noting that our first quarter growth was better than anticipated, although the rise of more ... [read more]
April 2020 News letter 'What Now'
April 1, 2020 | Posted by: Eric Palmer
What now? Making sense of a changing marketplaceLet me begin with my heartfelt hope that you and your loved ones are in good health. We are in uncharted territory with the mortgage marketplace contin ... [read more]
Inverted yield curve, huh.. it means lower rates, read on
March 26, 2019 | Posted by: Eric Palmer
First U.S., now Canada's yield curve inverts for first time in 12 yearsSignal of growing risk of recession may keep Stephen Poloz on hold for his final 14 months as head of the Bank of Canada Bloomber ... [read more]
5 Important Tips and Strategies 2019
February 10, 2019 | Posted by: Eric Palmer
Eric Palmer Mortgage Broker Office: 613.384.2334 Cell: 613.331.1153 Visit my website ... [read more]
Mortgage Risks Fading
November 26, 2018 | Posted by: Eric Palmer
Nov 16, 2018 Mortgage risks fading thanks to higher rates, tougher rules: Bank of CanadaCentral bank report offers more details about the impacts of new guidelines and rising interest ratesThe Bank o ... [read more]
Seven Common Questions about Default Insurance.
October 9, 2018 | Posted by: Eric Palmer
Answering seven common questions from homebuyers about Canada's mortgage loan insurance market James Bombales Sep 10, 2018 Obtaining mortgage loan insurance is mandatory for homebuyers ... [read more]
Fixed or Variable ? You get choice with us
September 26, 2018 | Posted by: Eric Palmer
Fixed or Variable-Rate Mortgage? If you are rate shopping, you’ll notice that the lowest available rate will be for a variable mortgage, which is why I’m often asked “what d ... [read more]
Variable Rate what to do?
January 25, 2018 | Posted by: Eric Palmer
Are you in a Variable Rate Mortgage? Me too. If you’re in a fixed rate mortgage, this news does not impact you. Mind you ‘impact’ is too strong a word to use for t ... [read more]
Jan 19, 2018 market update
January 19, 2018 | Posted by: Eric Palmer
TORONTO -- Many consumers will soon find their debt loads heavier now that Canada's central bank and the country's biggest commercial lenders have raised their benchmark rates by one-quarter perc ... [read more]
2018 Stress test info
January 2, 2018 | Posted by: Eric Palmer
Stress tests, foreign buyers and higher rates likely to impact housing market in 2018 New OSFI regulations and a requirement for more open data have changed the rules ... [read more]
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?
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?
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
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
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
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
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
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]
The Benefits of Investing in Income Producing Properties
February 11, 2016 | Posted by: Eric Palmer
Making money in any real estate venture is a difficult task, and many people don't have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purch ... [read more]
Strategies to Dig Yourself Out of the Debt Hole
February 11, 2016 | Posted by: Eric Palmer
Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ... [read more]
