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Forum: Financing, Mortgages and Insurance 2017-12-13, 09:55 AM
Replies: 116
Sticky: Mortgage Rates
Views: 47,339
Posted By MortgageChase
Update: Mortgage Rates

Purchase Rates:

If you're buying with less than 20% down payment(insured mortgage):
2.89% is a decent 5 yr fixed rate & 2.30%(Prime - .90%) is a decent 5 yr variable rate.

If you're buying...
Forum: Financing, Mortgages and Insurance 2017-08-23, 03:50 PM
Replies: 116
Sticky: Mortgage Rates
Views: 47,339
Posted By MortgageChase
Reply to cinammonswirl

I can ask my colleague at PC Financial and relay the details :).

Please do send me an email(in my signature below) so that I can respond to as soon as I have PC's rental lending guidelines in...
Forum: Financing, Mortgages and Insurance 2017-08-23, 03:21 PM
Replies: 116
Sticky: Mortgage Rates
Views: 47,339
Posted By MortgageChase
Reply to cinammonswirl

Unfortunately, PC does not work with Mortgage Brokers so I am not privvy to their policies.

But you are correct regarding timeline - The best approach for your position would be to be reach out...
Forum: Financing, Mortgages and Insurance 2017-08-23, 02:52 PM
Replies: 116
Sticky: Mortgage Rates
Views: 47,339
Posted By MortgageChase
Reply to cinammonswirl

Hi Cinammonswirl,

Great question.

Lenders have their own guidelines regarding rental income. Including but not limited to, some use +/- 50% of the rental income, ignoring the mortgage, tax and...
Forum: Financing, Mortgages and Insurance 2017-08-22, 03:17 PM
Replies: 1
Views: 2,103
Posted By MortgageChase
Sorry for the delay

Hello, very late to reply but the short answer is no. You cannot register a mortgage on a property that is not complete and registered with the city.

In your case, I would notify your...
Forum: Financing, Mortgages and Insurance 2017-08-22, 03:11 PM
Replies: 116
Sticky: Mortgage Rates
Views: 47,339
Posted By MortgageChase
Mortgage Rate - Update

Update on Mortgage Rates as of TODAY 22/8/17:

Lowest 5 year Fixed: 2.79%
*For this offer, the transaction must close within 60days from application date

5 Year Fixed: 2.84%
5 Year Variable:...
Forum: Financing, Mortgages and Insurance 2017-07-27, 02:17 PM
Replies: 0
Views: 1,625
Posted By MortgageChase
Ask me Anyting - Builder/Construction Mortgage Questions

Hello everyone,

My name is Chase Belair, Mortgage Broker and owner of Dominion Lending Centres - Smart Debt. Through my personal network, while not limited to, i've naturally been focusing the...
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