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If you are planning to buy a new residential property in Canada and have been doing some market research, you surely know that mortgage rates have surged by as much as 29.9%. And sadly, as Daniel Johanis, the owner of Pekoe Mortgages, says, there is seemingly no relief as mortgage costs would remain high until […]

With rising interest rates, buyers have become hesitant in purchasing a home. Several Canadian buyers are wondering if now’s the right time to purchase or if they should wait longer. Real estate prices have dropped significantly since February 2022 and that’s why you should buy a house within the next four months.  Down payment amount, […]

Learn the difference between a mortgage agent vs broker and how each can help you.

Mortgage rules have changed. Again. What does this mean for you? The changes, which take effect January 1st, 2018 and have several impacts to you as a borrower: The average Kingston household will qualify for a $55,000 smaller mortgage. This represents a DECREASE of 15% in your borrowing power – no matter what you do or […]

Whether you’re a first-time homebuyer or you own a home and are thinking about moving, buying a new home is a major decision. From personal to financial to market considerations, you’ll need to weigh a lot of factors and information along the way. Bringing you expert, independent advice As a mortgage broker in Kingston ON, […]

A credit report is a history of how consistently you pay your financial obligations. It is created when you first borrow money or apply for credit and is built over time. The companies that lend or collect money or issue credit cards (banks, finance companies, credit unions, retailers, etc.) send credit reporting agencies specific and […]