Sandra's Mortgage Blog
Understanding the Bank of Canada Rate Announcements: What Homeowners Need to Know
As we approach April 16, 2025, the next Bank of Canada rate announcement is drawing significant attention from prospective homeowners across Ontario. But who exactly does this announcement affect, and why should you care? Who Does It Affect? Who Does It NOT Affect? Why Does It Matter? As April 16,
How Rental Income Can Help You Qualify for a Larger Mortgage
Securing a mortgage in Canada has become increasingly challenging due to rising home prices and high interest rates. However, leveraging rental income can improve your chances of getting approved and even help you qualify for a larger loan. If you own a rental property or plan to generate rental income
A Beginner’s Guide to Investment Mortgages
Investing in real estate is one of the most popular ways to build wealth, but securing the right mortgage for an investment property differs from financing a primary residence. If you’re new to investment mortgages in Canada, understanding the key requirements, benefits, risks, and strategies can help you make informed
The Impact of Mortgage Stress Tests: Tips to Qualify in Today’s Market
The federal government uses the mortgage stress test as a safety measure to ensure that homebuyers can continue making their mortgage payments even if interest rates increase. Both insured and uninsured mortgages are subject to the stress test, which was first implemented in 2018 and is overseen by the Office
The Role of Spousal Buyouts in Divorce: How a Mortgage Broker Can Help
Divorce or separation is a life-changing event that frequently results in financial difficulties, especially when it comes to distributing joint assets such as the family house. A spousal buyout can be an efficient way for one partner to maintain property ownership while compensating the other. However, this approach needs a
Breaking Down Mortgage Penalties: What You Need to Know Before Breaking Your Mortgage
Flexibility is an essential factor in homeownership. Life is full of unexpected events and circumstances, such as relocating for a new position or refinancing to benefit from lower rates. In these cases, you may need to terminate your mortgage agreement sooner than required. However, before you choose to do it