Do First-Time Home Buyers Work with a Bank or a Mortgage Broker?
27th Jun 2017
A dilemma first-time home buyers when trying to secure a mortgage is whether to work with a bank or a mortgage broker. Today, the issue is compounded by overheated housing markets with skyrocketing prices and government rule changes designed to dampen the housing market. In the fall of 2016, the government pass new laws requiring […]
Read moreThe Mortgage Stress Test Is Changing First-Time Home Buyer Strategies
7th Jun 2017
First-time home buyer strategies in Winnipeg need to change because of the mortgage stress test and rising home prices. In the fall of 2016, Ottawa implemented the mortgage stress test to ensure home buyers can meet mortgage payment obligations if interest rates rise. If you require an insured mortgage, you must qualify for payments based […]
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