MortgageDirect2u

03/05/2022

01/29/2022

This post isn't about deals, rates or mortgages. This post is simply to say, I hope you and your family are safe and doing well.

We are living in a very trying times filled with great uncertainty. We will get through this, and I look forward to seeing everyone when this is over.

Please stay safe, and healthy.

04/08/2020

This post isn't about deals, rates or mortgages. This post is simply to say, I hope you and your family are safe.

We are living in a very trying times filled with great uncertainty. We will get through this, and I look forward to seeing everyone when this is over.

Please stay safe, stay at home and stay healthy.

02/29/2020

The federal government is changing the stress test rate for insured mortgages starting April 6. The government says the change will allow the rate to be more representative of the mortgage rates offered by lenders and more responsive to market conditions.

The new minimum qualifying rate will be the greater of the borrower’s contract rate or the weekly median five-year fixed insured mortgage rate from mortgage insurance applications, plus two percentage points.

The stress test rate currently is the greater of the borrower’s contract rate or the Bank of Canada five-year benchmark posted mortgage rate, which is based on the posted rates at the six largest banks.

Finance Minister Bill Morneau says the government wanted to make the stress test more dynamic to market conditions.

02/29/2020

02/28/2020

Our alternative lending approach lets us concentrate on your home equity, not credit scores. No fancy underwriting, no confusing lending matrix or guidelines, just a common sense approach to lending.

02/26/2020

No Income Verification, No Minimum Beacon Score, No Maximum GDS/TDS, Up to 90% Loan to Value.

Our alternative lending approach lets us concentrate on the equity in your house not your current credit situation. No fancy underwriting, no confusing lending matrix or guidelines, just a common sense approach to lending.

02/24/2020

No Income Verification, No Minimum Beacon Score, No Maximum GDS/TDS, Up to 90% Loan to Value.

Our alternative lending approach lets us concentrate on the equity in your house not your current credit situation. No fancy underwriting, no confusing lending matrix or guidelines, just a common sense approach to lending.