Agent Blogs


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Cory's Mortgage Market Comment

Oct 5, 2012

Blog posted by Cory Kline, AMP Views (3750)

In the past week, there was virtually no change in the bond or mortgage rates. Costs of all funds remain extremely low. All lenders and mortgage insurers are continuing to tighten up on lending policies. This makes it even more important that you are dealing... [ read more ]

Cory's Mortgage Market Comment...

Sep 28, 2012

Blog posted by Cory Kline, AMP Views (3444)

Bonds remained relatively steady this week with no major changes to interest rates. We have seen a slight tweaking of fixed funds for high ratio or quick closings, offering a 5 year fixed at 2.99%. Regular 5 year money is currently in the 3.09% - 3.19% range.... [ read more ]

Cory's Mortgage Market Comment...

Sep 21, 2012

Blog posted by Cory Kline, AMP Views (3692)

Bonds remained relatively steady this week. No changes expected in interest rates at this time. Five year money is currently in the 3.07% - 3.19% range. We still have one lender, both conventional and high ratio, offering 10 year funds at 3.89%. If you have a... [ read more ]

Cory's Mortgage Market Comment...

Sep 17, 2012

Blog posted by Cory Kline, AMP Views (3972)

Bonds remained relatively steady the past week with only slight upward pressure. No changes expected in interest rates at this time. Five year money is currently in the 3.09% - 3.19% range. We still have one one lender, both conventional and high ratio, offering... [ read more ]

Risks with the Rent to Own Program...

Sep 12, 2012

Blog posted by Cory Kline, AMP Views (4371)

Think twice before considering the Rent to Own Program...Good article from CBC News articulating the risks involved in Rent to Own programs. http://www.cbc.ca/news/canada/manitoba/story/2012/09/10/mb-rent-to-own-housing-winnipeg.html If you have any questions... [ read more ]

Upcoming Changes to the Canadian Mortgage Market...

Sep 6, 2012

Blog posted by Cory Kline, AMP Views (4039)

These new rules have been approved and are now in the process of being implemented by all Federally Regulated Financial Institutions (FRFIs) across Canada. They have to be in place by each lender's year end (by December 31st, 2012 at the latest). Some banks are... [ read more ]

Cory's Market Update...

Aug 31, 2012

Blog posted by Cory Kline, AMP Views (3596)

News Release: Scotiabank has an agreement to purchase the Canadian operations of ING Direct. At this time it would appear that ING will continue to operate as a strong independent brand, offering self service banking, and investing without branch services and... [ read more ]

Cory's Mortgage Market Comment...

Aug 17, 2012

Blog posted by Cory Kline, AMP Views (3726)

Bonds have spiked up the past few days by 15 basis points. We fully expect to see most lenders increase fixed rates by nominal amounts. The increase has been caused by stronger U.S. data, and a lack of recent turmoil in the European markets. We fully expect to... [ read more ]

Cory's Mortgage Market Comment...

Aug 10, 2012

Blog posted by Cory Kline, AMP Views (3358)

The lack of global economic turmoil the past few weeks has seen the bond rates rise by approximately 20 basis points. There is some pressure to see a small increase in the fixed mortgage rates. 5 year money continues to the 2.99% - 3.09% range. We have one... [ read more ]

Possible Future Changes to the HELOC Product...

Aug 9, 2012

Blog posted by Cory Kline, AMP Views (3470)

Industry News   If you are considering a future HELOC or readvanceable mortgage equalling 66%-80% of your home value, you may want to act soon.   Rumour has it that some banks may start cutting back on their HELOC lending limits by the... [ read more ]

Cory's Mortgage Market Comment...

Jul 27, 2012

Blog posted by Cory Kline, AMP Views (3300)

The bond rate dropped marginally over the last week which could lead to a potential tweaking of fixed rates.  We now have one lender offering 3.89% both conventionally and high ratio.We previously had 3 lenders offering 10 year funds at 3.89%. If you have... [ read more ]

Cory's Mortgage Market Comment...

Jul 19, 2012

Blog posted by Cory Kline, AMP Views (3185)

Continued uncertainty in Europe and other emerging economies is still a concern to the Bank of Canada. On Tuesday, it was announced that no changes will take place and bank prime will remain at 3%. The bond rate remained steady this week with five year money... [ read more ]

Cory's Mortgage Market Comment...

Jul 12, 2012

Blog posted by Cory Kline, AMP Views (3332)

With the new mortgage regulations last week, every lender saw instant increased volumes. As a result, we are experiencing slower turnaround times. On the conventional side, a few of our lenders have tightened amortizations to be consistent with that of the new... [ read more ]

Cory's Mortgage Market Comment...

Jul 5, 2012

Blog posted by Cory Kline, AMP Views (3211)

The majority of our lenders have officially announced the changes to underwriting guidelines effective July 9th at the latest. We are seeing an overall tightening up in the mortgage industry with both high ratio and conventional mortgages. The next announcement... [ read more ]

10 Questions Every Borrower Should Ask

Jun 28, 2012

Blog posted by Cory Kline, AMP Views (31718)

  1. If I have mortgage default insurance do I also need mortgage life insurance? ·         Yes. Mortgage life insurance is a life insurance policy on a homeowner, which will allow your family or dependents to... [ read more ]


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