Agent Blogs

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Aug 22
2013

Bridge Financing Can Ease Closing Day Stress

Blog posted by Cory Kline, AMP  ::  Views (1789)
Bridge financing could have saved the day last month when a series of disasters on closing day caused three related real estate deals to fall apart.   When a bank pulled the financing  from one buyer at the last minute, it caused all the deals to fall apart... [ more ]
Aug 22
2013

Rates Rise Again. No Housing Threat Yet

Blog posted by Cory Kline, AMP  ::  Views (1781)
Fixed mortgage rates have been on a steady ascent since bond yields blasted off in May. Now, the major banks are jacking up rates again. Most of the Big 6 are lifting their “Special offer” 5-year fixed mortgages to 3.79% or 3.89%, a 20 basis point hike.  Royal Bank... [ more ]
Aug 14
2013

Mortgage Lending: CMHC's limit to Banks and Lenders

Blog posted by Cory Kline, AMP  ::  Views (1707)
When news broke last week about CMHC limiting securitization guarantees, it was commonly viewed as a new attempt by Ottawa to clamp down on mortgages. In fact, it was an old attempt. The $85-billion MBS guarantee limit (the one that made headlines on Tuesday) was actually established... [ more ]
Aug 14
2013

When was the last time you checked your credit report?

Blog posted by Cory Kline, AMP  ::  Views (1902)
Article from Canadian Finance Blog, Written by: Alan Schram For the most part, I think Canadians have the advantage over Americans. Our housing economy didn’t crash (completely), our banks don’t appear to be failing, and medical care is downright affordable. Everyone knows... [ more ]
Jul 19
2013

Cory's Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (2029)
As expected, there was no change in the Bank of Canada press release. Bank prime remains at 3%.     This means no changes in variable rate mortgages or line of credit rates.   Five year money ranging from 3.39%-3.59% and 10 year money is at 3.99% -4.19%.   ... [ more ]
Jul 12
2013

Cory's Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (2164)
The interest rate market has remained steady the past 7 days. No changes in rates. There is not expected to be any changes with the Bank of Canada next week.   5 year funds are available in... [ more ]
Jun 20
2013

Mortgage Market Update: Rates are rising!

Blog posted by Cory Kline, AMP  ::  Views (2270)
  Bonds rates have steadied the past week. However, yesterday's news contained reports that the US Fed may stop supporting their extraordinary stimulus in terms of their monthly purchase (85 Billion) of... [ more ]
Jun 14
2013

Taxpayer-free housing finance change coming to Canada

Blog posted by Cory Kline, AMP  ::  Views (2378)
Interesting article from The Financial Post... A few days ago, Scotiabank received permission from the Securities and Exchange Commission (SEC) to market to US retail investors what are known as covered bonds. In pursuing SEC approval for market access, Scotia was following a trail blazed by RBC... [ more ]
Jun 14
2013

Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (2118)
Market Update: Rates are up!   The bond rates have shot up approximately 40 basis points the past 2 weeks. All lenders have raised their 5 year fixed rates at least once and most have had 2 increases.... [ more ]
May 29
2013

Bank of Canada Announcement

Blog posted by Cory Kline, AMP  ::  Views (2469)
As expected, there was no change in the Bank of Canada press release. Bank prime remains at 3%.   This means no changes in variable rate mortgages or line of credit rates.  ... [ more ]
May 24
2013

Mortgage Market Update...

Blog posted by Cory Kline, AMP  ::  Views (2089)
Bonds were steady this week, but still creating upward pressure on fixed rates. So far, no more changes; however, any further upward movement will likely result in all lenders adjusting their rates. The Bank of Canada meets next week and... [ more ]
May 9
2013

Mortgage Market Update...

Blog posted by Cory Kline, AMP  ::  Views (2332)
We saw a small movement upwards in the bonds the last few days. There have been no major changes in interest rates 5 year funds are available in the 2.84-2.99% range, 10 year funds as low as 3.69%. Variable... [ more ]
May 2
2013

Cory's Mortgage Market Update...

Blog posted by Cory Kline, AMP  ::  Views (2502)
Did you know? Both CMHC and Genworth will consider refinances for marital split payouts up to 95% of the home value, on an exception basis. Typically clients can only refinance up to 80% LTV of the equity in their property. This allows... [ more ]
Apr 4
2013

Mortgage Market Update...

Blog posted by Cory Kline, AMP  ::  Views (3050)
    Another week has past and the interest rate markets remain extremely low and unchanged. 5 year funds are available in the 2.84-2.99% range, 10 year funds as low... [ more ]
Mar 5
2013

5 Questions to ask your Mortgage Broker

Blog posted by Cory Kline, AMP  ::  Views (3199)
1. How long have you been in the business? (Ideally, at least two to five years) 15 years 2. How many lenders does your team have “top-tier status” with? (Preferably six to seven or more)10+ 3. Is the rate you’re quoting me the lowest rate for that term on that lender’s... [ more ]
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