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Tag: mortgage stress test

Your Notice of Assessment Is The Most Important Paper You Get Each Year. 

Your Notice of Assessment Is The Most Important Paper You Get Each Year. 

Do you know where your last Notice of Assessment (NOA) is filed? If you are like most Canadians, you either stuffed it in the back of a drawer somewhere or recycled it after you checked the amount of your tax refund. Here are 5 reasons you should keep track of it:  If you cannot locate

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4 Questions to Ask About Your Credit When Buying a Home

Simple mistakes are easily corrected by writing to the reporting company, pointing out the error, and providing proof of the mistake. You can also request to have your own comments added to explain problems. For example, if you made a payment late due to illness, explain that for the record. We have lenders that are

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What Can You Do to Combat Rising Interest Rates?

What Can You Do to Combat Rising Interest Rates?

Have you been wanting to purchase a home, or trying to refinance your current home, but don’t think you can qualify with the new rates?  Inflation has increased dramatically, making it seem impossible for Canadians to do so. Going to your local bank for help is fine, but isn’t it better to get advice from

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The Mortgage Stress Test: What Can You Afford in Victoria, BC?

If the thought of passing the mortgage stress test is bringing back memories of sweating through high school exams, you’re not alone. The government originally introduced a minimum qualifying rate in 2016 to ensure that borrowers would be able to afford their homes even if interest rates rise, incomes change, or families are faced with

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