I read an interesting article this morning By Kathryn Boothby, For Postmedia News March 26, 2014. Before you hoof it to your financial institution, bank, credit union or just a simple mortgage renewal… you might want to give your local Mortgage Broker a call! www.kcscherpenberg.ca Do you ever wonder where these huge record breaking Canadian […]

The Bank of Canada is maintaining its target for the overnight rate at one per cent once again, pointing to inflation that is expected to hover below its target for the time being. “With inflation expected to be well below target for some time, the downside risks to inflation remain important,” an official release for […]

The cat is out of the bag…..! Ever wonder why your neighbour seems to be doing financially better than you? They got the mortgage done by an industry expert…. With access to all Canadian mortgage products… from your bank, your credit union, your mortgage company and a host of others. The best mortgage for you […]

From CMT.   September 15, 2013 Q3 2013 Bank Reports – Mortgage Morsels Despite expectations for a more subdued quarter, Canada’s Big 6 Banks pulled off another impressive earnings season. And while many were expecting a slowdown in the housing market, most banks’ mortgage portfolios showed resilience. The tidbits that follow come from the Big 6 […]

If you are still “thinking” about buying a house or refinancing…. Get on the program, the train is leaving! Call K.C. 705 333 2222 and get a rate locked down!   TORONTO, ONTARIO–(Marketwired – June 11, 2013) – It’s been warned of for months: after reaching record low levels over the past year, mortgage rates […]

Yields Spike. Fixed Rates May Follow Give K.C. a call at 705 646 2777 or 705 333 2222 or email kscherpenberg@dominionlending.ca From Canadian Mortgage Trends May 29, 2013. If you’re house hunting or thinking of refinancing, and you don’t have a mortgage rate hold, consider getting one. Canada’s 5-year bond yield just pierced a 3-month […]

From Canadian Mortgage Trends. Mortgage Rules Help Fuel Rent Hikes Young adults have to live somewhere. And when they outgrow their parents’ house and join the workforce, the choices are typically to rent or buy. But for many first-time buyers, the choices narrowed last July. That’s when Ottawa reduced the maximum allowable amortization and gross […]

February 12, 2013 Bank Mortgages: Disclosure and Suitability There are so many things the Average Joe doesn’t know about the mortgage business. One is that bank mortgage reps often get paid more for selling higher rates—as do many brokers. Another is that banks sometimes direct borrowers to outside lenders that the bank has financial relationships […]

No, B-20 Day is not some obscure holiday. It’s the day that banking regulator OSFI required most federally-regulated lenders to comply with its B-20 mortgage guidelines. The effects of these guidelines are visible already. A host of lenders have announced stricter rules on things like conventional mortgage qualification, self-employed income verification, borrowed down payments and […]

Mortgage Markets — U.S. vs. Canada Skeptics have analogized Canada’s mortgage market to the U.S market ever since the American bubble started to burst. And in the 5-6 years since, there have been few better rational comparisons than Benjamin Tal’s report released on Monday. Tal, a CIBC economist, admits that all is not well with Canadian […]