About Laura Sawatzky

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So far Laura Sawatzky has created 6 blog entries.

Don’t stress over the new mortgage “stress” test

As you probably know, the mortgage rules are changing once again, effective Jan.1, but if you’re looking to buy a home, the time to act is now.  It’s expected that many federally-regulated lenders will implement the changes before the set date, perhaps by early December. Credit unions, on the other hand are regulated provincially. However, they too, [...]

2017-11-12T08:33:15+00:00 Categories: Mortgage|

Mortgage rule changes are on the way

There isn’t much doubt that more significant mortgage rule changes are on the way, perhaps as early as Oct. 2. Canada’s banking regulator, OSFI (the Office of the Superintendent of Financial Institutions), is attempting to cool down certain hot housing markets by implementing a stress test to qualify for uninsured mortgages. The new stress test [...]

2017-11-12T08:52:29+00:00 Categories: Mortgage|

Renew Early Rates on the Rise

We Can Save You Thousands of Dollars by Switching Your Mortgage Now! The era of nice surprises for people renewing their mortgages is over! After five years of trending lower, mortgage rates have reversed course and started to rise. Aspiring first-time home buyers are being priced out of the market by these increases, but at [...]

2017-11-12T08:58:04+00:00 Categories: Finance, Mortgage|

Watch Out For the Tack Hiding in TD’s Big Green Easy Chair

TD has recently launched a new mortgage program that will be sold to their clients as being comfortable, supportive and really good for them, a lot like that over-stuffed green leather chair we're all familiar with. But there's a bit of a nasty surprise waiting for mortgage customers who will decide to take a seat [...]

2017-05-04T12:23:22+00:00 Categories: Banking, Mortgage|

Know Your Beacon Scores to Manage Your Credit

Beacon scores are a single number that summarizes your credit situation and shows lenders what kind of risk you're likely to be as a borrower. The article below is a basic overview of their importance. We hope you enjoy it. Beacon Score Basics for Mortgage Hunters Your Equifax Beacon Score tells lenders how much of [...]

2017-05-04T12:23:22+00:00 Categories: Finance, Mortgage|