Ottawa Real Estate Market is Really Heating Up in 2018

Couple standing in front of their new Ottawa home because of hot Ottawa real estate market.

Robust economy, LRT and Toronto migrants boosting sales and prices The traditionally stable real estate market in Ottawa is heating up. A number of factors coming together at the right time are making Ottawa the right place for real estate investment. “2017 was another solid year for the Ottawa real estate market in both the […]

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Double Whammy Hits Ontario Mortgage Applicants

Mortgage rules changes in ontario

Federal one-two mortgage rules and rate punch to knock out some applicants The abundant snowfall and frigid temperatures this month may have given Ottawa mortgage brokers and potential homebuyers a chill but the combination of interest rate hikes and tightening mortgage rules will leaving them feeling cold all over. Some applicants will even be forced […]

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Big Banks Raise Rates in Wake of Bank of Canada Hike

Big banks raise mortgage rates in 2018

Although it just became harder for most applicants to qualify for a mortgage in Canada, ReferralMortgages.com, your Ottawa mortgage broker, continues to work for you. The stress test imposed on mortgage applicants requiring insurance – those with less than 20 per cent down payment – is now being imposed on all new applicants, effective January […]

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Spread some Love with ReferralMortgages.com this Holiday Season!

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As you know, your ReferralMortgages.com team is committed to helping you get the best rates and terms on mortgage products that suit your needs. What you may not know however, is that we’re also committed to giving back to Ottawa and surrounding communities by supporting charities that give the less-advantaged a hand up when needed. […]

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AGGRESSIVE CHANGES TO MORTGAGE APPROVALS JAN 1st TO KNOCK OUT 20% OF YOUR BUYING POWER

Aggressive Mortgage approval changes coming to Ontario in Jan 2018. Read all about it.

In an effort to further soften the once scorching hot housing market and protect Canadians against buying homes they can’t afford as interest rates rise, the Office of the Superintendent of Financial Institutions (OSFI) has some aggressive mortgages changes coming for residential mortgage qualification beginning January 1, 2018. With the changes being implemented, effects will […]

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3 WAYS OTTAWA MORTGAGE BROKERS ARE THE KEY TO NEGOTIATING A GREAT COMMERCIAL MORTGAGE

The complexities of commercial mortgages in Ottawa

If you are a business person looking to purchase a property or refinance a current commercial mortgage, seeking out the help of a mortgage broker in Ottawa can save you not just considerable money, but time and stress as well. With their expertise and access to a wide variety of lenders, the professionals of RefferalMortgages.com […]

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GET MAXIMUM RETURNS ON HOME IMPROVEMENT LOANS

maximize return with home improvement loan

With such a competitive real estate market in Ottawa and surrounding areas, if you are looking to sell your home in the next few years, you may need to invest some money in renovations to get top dollar. While it may seem counterproductive to borrow money to improve a home you don’t plan to keep, […]

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Recently the Bank of Canada increase Interest rates for 1st time in 7 years. How will this affect your Ottawa Mortgage?

Bank of Canada increases Interest rates

July 19th 2017 Ottawa, Canada. This month marks a rare moment for many of our variable-rate borrowers because the Bank of Canada hasn’t raised its overnight rate in more than seven years, which means there are many among this group who have never experienced a rate rise (this is the part where the older generations […]

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Learn the Difference between Fixed and Variable Rate Mortgages in Ontario

Fixed vs Variable Rate Mortgages Solutions

When shopping for a mortgage, the terms used to describe the different options available can be very confusing. One of the most common questions your ReferralMortgages.com team answers for clients is the difference between fixed and variable rate mortgages and which option is better. We have broken things down to try to help you make […]

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Repair Your Bad Credit and Realize Your Homeownership Dreams

Repair Bad Credit

Having bad credit makes life difficult and you might feel like you will never realize your dream of home ownership. The first thing you should do is consult your team from ReferralMortgages.com to see what you need to qualify for a bad credit mortgage. The next steps are to develop an action plan and start […]

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