Buying Your Home

Why do you need mortgage insurance?

https://youtu.be/pdU6n2AyT2oWhy do you need Mortgage Insurance?Join Lawrence Mak and Christopher Lee as we discuss the benefits of mortgage insurance and methods of protecting your largest asset.Why do you need mortgage insurance?What about mortgage insurance through your financial institution?What are the pros and cons with getting mortgage insurance through your bank?Who's the beneficiary?What other...

New Mortgage Stress Test (June 1, 2021)

As you may have heard, there is a new "Stress Test" that will be taking place on June 1, 2021. I had the opportunity to ask Chris Molder, a mortgage broker from Tridac Mortgage, about the changes and how it affects home buyers. The stress test is increased from 4.79% to 5.25% and now affects both insured and uninsured mortgages. So if you need a mortgage of $1,000,000, your purchasing power is...

10 Quick Tips About Business Development

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