by bsmith | Dec 5, 2017 | Casb Management Group Inc., Mortgages
January 1, 2018 will bring another change to mortgage rules that will apply to all federally regulated financial institutions. The changes are to reinforce the expectation that lenders will remain vigilant in their mortgage underwriting procedures. Currently all...
by bsmith | Dec 14, 2015 | Casb Management Group Inc., How I View The World, Mortgages
I reviewed the London Free Press article recently allowing Granny flats in the city and the proposed impact on housing near the post secondary schools. (London to debate granny flat demand http://www.lfpress.com/2015/11/22/london-to-debate-granny-flat-demand). The...
by bsmith | Jul 27, 2015 | Mortgages
It has now been two weeks since the most recent .25% cut to the Bank of Canada’s overnight rate. My question is “What is the impacted to you and your mortgage?” 1. Despite the .25% reduction, the Prime Rate in which banks lend money, only reduced by .15%. This is the...
by bsmith | Mar 18, 2014 | Casb Management Group Inc., Mortgages
Mortgage loan insurance, an insurance put in place to help protect lenders from mortgage default, is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Effective May 1, 2014, Canada Mortgage and Housing...
by bsmith | Sep 5, 2013 | Casb Management Group Inc., Mortgages, Real Estate
Teams are the way to go. The Ravens are a team; they won the last Super Bowl. The Prime Minister’s Cabinet is a team; they run the country. The astronauts are a team on each launch; they successfully negotiate space/the moon/the space station. Whether it’s...
by bsmith | Aug 22, 2013 | Casb Management Group Inc., Investments, Mortgages, Real Estate
Teams are the way to go. The Ravens are a team; they won the last Super Bowl. The Prime Minister’s Cabinet is a team; they run the country. The astronauts are a team on each launch; they successfully negotiate space/the moon/the space station. Whether it’s football,...
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