Original Article Source Credits:   Better Dwelling, https://betterdwelling.com/

Article Written By:  Stephen Punwasi

Original Article Posted on:  Dec 27, 2021

Link to Original Article:  https://betterdwelling.com/the-smith-maneuver-the-loophole-canadian-real-estate-owners-use-to-lower-taxes

Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/

Article Written By: John Gittelsohn

Original Article Posted on: August 24, 2020

Link to Original Article:  https://ca.finance.yahoo.com/news/real-estate-investors-skip-paying-110000020.html

For the second time since the beginning of the pandemic, the Bank of Canada has lowered the benchmark qualifying rate a further .15% to 4.79%. For a buyer with an annual income of $80,000 that is approximately $6,300 of additional mortgage space compared to the previous qualifying rate of 4.94% and approximately $11,000 more than the qualifying rate of 5.04% that was in place at the beginning of the pandemic.

As most of you know, my personal vision is that 'Everyone Shall Live a Life of Abundance'. I am always seeking ways that will help me be successful in fulfilling that vision in what I do as a mortgage broker and real estate investor.

Getting the best mortgage on your home makes a huge difference in affordability, financial wealth and abundance. It can save you hundreds or cost you thousands.

Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By : Steve Huebl

Original Article Posted on : June 24, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/06/home-sales-prices-wont-fully-recover-2022-says-cmhc/

Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By : Steve Huebl

Original Article Posted on : June 30, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/06/mortgage-rates-keep-setting-new-record-lows/

In response to the COVID-19 pandemic and in an attempt to protect the economic future of Canadians, the Canadian Mortgage and Housing Corporation (CMHC) announced in early June that it would be tightening its qualification rules for mortgage insurance from July 1, 2020.  Fortunately, they are two other mortgage insurers: Genworth and Canada Guarantee and neither of them are changing their qualification rules.

Are you planning to buy a new house but don’t know where to begin when it comes to financing it? If you’re struggling to make sense of the mortgage system and the different options available, you’re not alone. Mortgages can be complicated if you aren’t aware of how they work. Moreover, it isn’t easy to make the right decisions based on your needs and capabilities if you don’t understand what your choices are. To help you make sense of mortgages, Keith Uthe Demystifying Mortgages has explained the different types of mortgages available to you.

Original Article Source Credits: HuffingtonPost, https://www.huffingtonpost.ca/

Article Written By Canadian Press

Original Article Posted on :2/18/2020

Link to Original Article: https://www.huffingtonpost.ca/entry/mortgage-stress-test_ca_5e4c2e67c5b6eb8e95b3bcc2

Original Article Source Credits:Canadian mortgage trends,https://www.canadianmortgagetrends.com/

Article Written By Steve Huebl

Original Article Posted on : February 26, 2020

Link to Original Article: https://www.canadianmortgagetrends.com/2020/02/latest-in-mortgage-news-meridian-credit-union-raises-125-million/

Original Article Source Credits:bloomberg, https://www.bloomberg.com/

Article Written By  Chris Fournier

Original Article Posted on : February 19, 2020

Link to Original Article: https://www.bloomberg.com/news/articles/2020-02-18/morneau-eases-stress-tests-for-canadian-insured-mortgages

The problem with this new stress test is that the central bank is still allowing the 6 central banks to dictate the average interest rate that will be used as the benchmark stress test. This is unfair to those that know they get better rates and products from monoline lenders.

A New Year brings another opportunity to cultivate healthy financial habits and manage your money better. When you consult a mortgage expert, you will receive unbiased advice on how to make wise investments and help set you up for the future. As a mortgage broker or specialist in Calgary, Alberta, I, Keith Uthe, want to ensure you become more financially secure, and to do so, I have put together a list of five tips to help you improve your finances in 2020.  

The Bank of Canada has once again decided to hold the prime lending rate at 1.75%.  What this means for borrowers is that the prime rate used for most lenders is 3.95% in calculating adjustable/variable-rate mortgages.  Contact me with questions or requests for more information.  https://globalnews.ca/news/6445742/bank-of-canada-rate-announcement-jan-22-2020/

Keith Uthe Demystifying Mortgages wishes you the happiest of holidays this season. May the New Year be filled with joy, health, and prosperity!

My personal vision is that ‘Everyone shall live a life of abundance.’ With that in mind, let us start 2020 off on the right foot by scheduling your five-minute mortgage review with me. Five minutes of your time could save you thousands of dollars in mortgage interest and increase your financial abundance. In recent months, we have saved clients’ between $8,000 and $20,000 in mortgage interest. Wouldn’t it be great to add that money to your wealth rather than the banks’ wealth?

If you’re considering purchasing a house or investing in real estate, chances are you need to obtain a mortgage to fulfill your dream. Your knowledge of the various mortgage products and lenders may be limited, which may make selecting the right option a little challenging. 

I’m Keith Uthe, the proud owner of Keith Uthe Demystifying Mortgages.

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

We are delighted to announce the launch of our new website!

New Website Coming Soon!