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  1. General Personal Finance Talk
    Hey, Looks like banks are getting harder and harder in approving A side deals. New rules, 32/40 GDS/TDS for conventional mortgages. Looks like people are going to go to B-Side soon!
  2. Real Estate
    How long does it take to get a HELOC in Toronto?
  3. Real Estate
    My parents are planning on moving to Ontario from Saskatchewan. They want to buy a house for my brother who has a new family. They would rent out the house to my brother. My parents are retired and have enough money to buy the house outright, but that would require cashing in RRSPs, other...
  4. Real Estate
    My niece recently wrote me asking for some advice, their mortgage is coming up for renewal and she want's to take advance of cheap money but is worried rates might rise. This is my advice but before I sent it I'd like some feedback Thanks - use a mortgage broker let them do the shopping...
  5. General Personal Finance Talk
    Do you think it is advantageous to seek a mortgage from a broker? The following is a statement from an article I came across online ( "Bank vs. Mortgage Broker In the past, prospective home buyers turned exclusively to their banks for their...
  6. Real Estate
    Nobody is this forum has actually covered these new rules off with much detail as of yet so here's the highlights. What is rarely covered is the fact that two sets of rules were issued not just those that effect insured mortgages. OSFI also issued residential mortgage lending guidelines...
  7. Real Estate
    It's still too early to even get preapproval for a mortgage, but I'm starting to look at what's out there. This will be my (and my husband's) first house. Is it worthwhile getting a mortgage broker (when I am ready)? Why or why not? Thanks!
  8. Real Estate
    Hi all, I'm looking for a good mortgage advisor who can help me work through the following real estate situation: My parents own and live in a waterfront house two hours north of Toronto. They are both getting old and are talking of selling up in 2-3 years. My brother and I would like to own...
  9. Real Estate
    We will be purchasing a house over the next four months or so. I’m having trouble determining which is the best mortgage option for us. I spoke with a Mortgage broker who is familiar with military moves (we’re a military family, being posted to a new location). Here are the options we have so...
  10. General Personal Finance Talk
    After a great response to the 'lease a car/truck vs. purchase' thread. I would like to ask the community this: Who do you trust most in your financial affairs (corporate & personal) or who do you find you contact most for coordinating your business decisions? - Financial Advisor -...
1-10 of 10 Results