Jeramel Quincina - Mortgage Consultant

What’s the Difference Between Insured, Insurable, and Uninsured Mortgages Have you ever wondered why banks promote super low mortgage rates, but when you submit an application to that same bank, the interest rate they approve you at is significantly higher than what they advertise? As confusing as this might be, it is not a form of false advertisement

Why bond yields affect your mortgage rates Bonds are primarily issued to banks who then sell them as an investment product. Bonds are considered a low-risk investment.

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Well maintained 3 bedrooms,bonus room with vaulted ceilings, 2 1/2 baths, 2 car garage is coming in the market real soon.

Jeramel Quincina - Mortgage Consultant updated their phone number.

If you’re able to amass a larger down payment, you could potentially save thousands in mortgage costs. Check out the example below calculating the total mortgage costs for down payments of 5 and 10% for a home that costs $500,000.

Although they are both impacted by changes to the Prime Rate, Variable Rate and Adjustable Rate Mortgages offered by MERIX are not the same. Outlined below are the key differences. For more information, consult your broker!

If you are looking to purchase a home and don’t know where to start, a great first step is determining what you can afford. Lenders consider four main criteria and two key debt service ratios when it comes to calculating affordability. Have a look at the graphic below and ask your broker for more information on what you can afford!

Check out this listing 104 Bedford Place NE, Calgary, Alberta T3K2J9

If you are faced with bruised credit and would like to boost your score prior to applying for a mortgage, consider the following tips from the Financial Consumer Agency of Canada (FCAC). For more on these suggestions, visit: https://bit.ly/3xawrQo.

No Conditions with an Offer… Is This the New Normal? The real estate market is more active and more competitive than any time in history. The results? Pure chaos. It used to be normal for people to insert a few conditions when making an offer to…

How Financing a Furnace Can Affect Your Mortgage “Save up to $3,000 on heating and cooling” “No monthly payments for 3 months”  “No interest for 6 months” Sound familiar? You’ve probably seen tons of offers like these on flyers and emails fr…

Borrowers with higher credit scores are more likely to get approved for a mortgage. By most accounts, a minimum credit score of 600 is required for a mortgage, but favorable rates are available to borrowers with credit scores above 680. Have a look at our table below for a breakdown of credit scores and how they impact your mortgage eligibility!

A Pre-Approval Does Not Guarantee a Mortgage Approval - Mortgage Rates & Mortgage Broker News in Canada 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...

What's the Difference Between a Loan Cosigner and a Guarantor? Some financial terms are so similar that they end up being used interchangeably. But that doesn’t mean they’re the exact same thing. One especially common mix-up: the difference between cosigners and guarantors, who are both people who can help you get a loan if your individual financial history...

Check out this listing 269 TARINGTON Close NE, Calgary, Alberta T3J3Z2

Business as usual? How buyers, sellers and REALTORS® have adapted to COVID-19 - crebnow.com What a difference three months makes. Restrictions in place to slow the spread of COVID-19 have altered almost all standard practices, including real estate transactions. So, if you’re buying or selling a home, things look a little bit different. Protection for both sides is the priority, says Len...

TD Bank charges $30,000 mortgage penalty to woman forced to sell home due to pandemic | CBC News An Ontario woman who lost her income in the pandemic says she was shocked when TD Bank demanded a $30,000 penalty for breaking her mortgage prematurely. An expert warns, as the COVID-19 crisis wears on, more homeowners will face hefty penalties when they can’t make mortgage payments.

Important things to know.

IMPORTANT. If you haven’t yet applied for benefits, be sure to have your MyCRA account opened for when applications are accepted next week. More info - https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html If you already applied for EI March 15 or later, you will be auto moved to the CERB. If you were collecting EI prior to March 15, nothing changes yet.

Ouch...to bad for Canadian oil.🙁

Oil price dips below $20 US a barrel — and Canadian oilsands is almost worthless The benchmark price for a barrel of North American oil dipped below $20 on Monday morning, the first time that's happened in 18 years.

Bank of Canada makes another emergency cut to interest rate | CBC News The Bank of Canada has made a second unscheduled cut to its benchmark interest rate, lowering it to 0.25 per cent amid the COVID-19 crisis.

Government extends tax deadline to June 1 amidst COVID-19 outbreak The Quebec government also announced it will be delaying its provincial tax deadlines

Nobody should have to worry about their mortgage because of financial impacts of COVID-19. Please contact your mortgage professional if you need advice on mortgage payment difficulties. Find out more👉: http://ow.ly/1YM050yLL2P

A bit of help for Insured Mortgages for Canadian homeowner(s) facing financial difficulties due to COVID-19.

No Canadian should have to worry about paying rent amid COVID-19 pandemic: Trudeau - NEWS 1130 Prime Minister Justin Trudeau addressed the nation outside his home on Friday, announcing a series of measures to cope with coronavirus pandemic and providing an update on his own health and that of his family.

Bank of Canada cuts interest rate — again | CBC News The Bank of Canada has made an emergency rate cut, cutting the central bank's benchmark interest rate by 50 basis points to 0.75 per cent.