What is your best rate?

In 2016 and 2017 Ottawa brought in some major changes to the mortgage industry that has made the cost to lend mortgages much higher. The categorizing of a mortgage is now more complicated and depending how your mortgage is categorized: insured,insurable or uninsurable- there are different mortgage rates. This and other factors have resulted in … Continue reading What is your best rate?

What is a Monoline?

A Monoline lender, by definition, is a mortgage lender that focuses on lending money for one purpose: mortgages. It's that simple. Monolines are secure mortgage lenders. They are big players in the mortgage industry with billion of dollars in mortgage funds invested by the Big Banks, Life Insurance and Trust Companies. They follow the same … Continue reading What is a Monoline?