Mortgage Blog

'Intelligent Mortgage Solutions'

Category: Financing (18 posts)

Inverted yield curve, huh..  it means lower rates, read on

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

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

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.

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

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?

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

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

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

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]

The Benefits of Investing in Income Producing Properties

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

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]

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Eric Palmer
Eric Palmer
Kingston, Mortgage Broker
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