Sky Phillips- Sky's the limit mortgages

08/20/2020

Great news! Give me a call to find out how the new lower Stress Test rate affects your ability to qualify for more!

07/31/2020

Looks like all our hard work with Staying safe during Covid is paying off. Keep it up Canada! We are all in this together!

Canadian Economy Recovers Almost Half Its COVID-Induced Loss in May and June The Canadian economy bounced back sharply in May and June as Canadian provinces eased lockdown measures. GDP expanded 4.5% in May, and activity in June was even more robust at an estimated 5% rise. Cumulatively, GDP rose 10...

07/30/2020

Are you in the Market to purchase a new property? Step 1 is to get pre-approved for a mortgage. A mortgage pre-approval will give you the ability to shop with confidence. It also secures a rate for up to 120 days so if rates go up you are protected. Rates are as low as 1.99% (OAC). Step 2 is to find an awesome Realtor who will look out for your best interests. I network with the best in the business and I would be happy to refer you. Step 3 is the fun part. Happy house hunting! Contact me today to make your home ownership dream a reality!

06/05/2020

Thinking of buying with less than 20% down? CMHC has just changed their qualifications and made it harder. There are other mortgage Insurers that have not followed CMHC but time will tell if they too adopt these new qualifications. Give me a call or email with any questions.

CMHC Makes It Harder To Qualify For An Insured Mortgage Once again, the Canadian Mortgage and Housing Corporation (CMHC) is tightening the criteria to get a mortgage with less than a 20% down payment. Any potential home buyer with less than a 20% down payment must purchase default insurance on their...

06/03/2020

Fixed interest rates are super low. Give me a call for more info.

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent.

04/25/2020

New Listing!!! #57 13819 232 Street. 3 Bedroom 3 Bathroom. Welcome to Brighton in Silver Valley. Offered at $549,900. Contact for further details. •
Putting the health and safety of our families and community, above all, we’ve been finding ways to adapt to the recent impacts of Covid-19 and we look to respect social distancing.
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We are available through virtual consultation to help you with any of your real estate needs. •
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#2020

04/23/2020

I would be happy to help you get Pre-approved. Interest rates are low and can be locked in for 120 days. Give me a call! 😊

See your Mortgage Broker before you start shopping for your next home.

04/12/2020

Wishing you all a safe & Happy Easter!

03/30/2020

Wondering why some Fixed Mortgage Rates are going up? Dr. Sherry Cooper once again explains in a easy to understand way. Have a read and of course, I am always here to answer any questions or to help. Stay safe.

Why Are Mortgage Rates Rising? Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have reduced prime rates by the full 150 basis points (bps). But, since the s...