Mortgages By Alicia

08/21/2026

"Is your mortgage renewing soon? Don't just sign the bank's default letter. It could cost you thousands."

"Bracing for a higher renewal rate? Let’s structurally map out an optimization plan to shield your cash flow."

"The banks look out for their shareholders. I look out for your wallet. Let’s beat your renewal notice rate."

"Don't let payment shock ruin your budget. I’ve steered clients through shifting rate cycles since 2000."

09/07/2022

Take a read, its been anticipated that rates would be increased again today however here is what to expect in the next coming year. I do believe we will have to hold these higher rates for awhile to ensure we have bought stability to inflation. Once that is done we are gonna start looking rates coming down a little at a time. Hang in there everyone. This is a tidal wave that we have to thread water in but its necessary to get back to some type of norm for rates.

If CIBC economists are right, the Bank of Canada's expected rate hike next week will be its last of this rate-hike cycle.

07/13/2022

Having been behind the inflation curve for many months, the Bank of Canada today tried to get ahead of it by delivering a surprise 100-bps rate hike.

07/13/2022

LET’S TALK SHOP

How many of us know the difference between a VRM “variable rate mortgage” or an ARM “adjustable-rate product? In the last 10yrs it was not really a hot topic because rates were steadily declining, we have become loosely using the term variable rate mortgage instead of an adjustable-rate mortgage.
Truth is the VRM product means that the mortgage payments stay the same while what gets applied to your principal and interest changes and the ARM means that the payments are adjusted according to prime allowing you to continue paying down your mortgage. Its becoming a discussion now that we must educate our clients about the differences so that they can make an educated decision in terms of choosing what’s best for them.
We are living in unprecedented times, and we will be asked these questions. Which one is better? Most of our lenders in our space are Monoline Lenders and they all have ARM type mortgage products. The main reason for this is due to fact that they register their mortgages on a Standard charge term. Most Banks will allow the VRM product as they register their mortgages as a Collateral Charge registration.
A Collateral Charge Registration allows a Bank to register their liens for up to 125% of the value of your home leaving them with more of your equity for them to consider if you end up paying down less of your principal.
Personally, I will always recommend an ARM mortgage as financially it would make more sense to payoff more principal as overall less interest is charged however you will get those clients that are genuinely concerned about making payments and you will have to work with them as best you can.
Just thought I would share. Hope this may be of some help.

Alicia

06/30/2022

Benjamin Tal, deputy chief economist at CIBC, joins BNN Bloomberg to discuss his outlook on Canada’s economic recovery just ahead of January’s Bank of Canada interest rate decision meeting. He believes the central bank will not raise rates this month. He also speaks to labour shortages and why h...

02/24/2022

This is our reality now guys.

It’s no secret that the only way many young homebuyers in major cities are able to afford their purchase is with help from their parents.

02/23/2022

https://twitter.com/TMGCanada/status/1496590594147172353?s=20&t=zlGe3fWMcEX6kwxPgJ0OkA

“Isa joins his mother, Alicia Hosein, in the mortgage industry and we couldn't be happier. Welcome to our , Isa.”

04/30/2021

Canada housing sales and prices are soaring to start the year. Should investors expect a housing market correction in 2021?

04/28/2021

I have been advising my clients of this for years. A pre-approval is however ensures that a professional has reviewed your financial position when it comes to qualifying for a home. It will prepare you for what to expect when it comes to lender/insurer expectations so at least you have the confidence when putting in an offer on your dream home.

Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer cannot expect a mortgage pre-approval will automatically translate into a mortgage. The lender now needs to consider the property itself, approve all the terms a...

04/28/2021

I always explain this to my clients when getting a pre-approval. Getting pre-approval lets you know if you have what is required financially to afford a home and at what price. It also allows a broker to explain what is expected of you through the lenders/insurers eyes when it comes to income/credit and down payment.

Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer cannot expect a mortgage pre-approval will automatically translate into a mortgage. The lender now needs to consider the property itself, approve all the terms a...