New mortgage rules? Another kick in the face!! As if it wasn't already hard enough to qualify for a mortgage with the introduction of new mortgage rules like the infamous stress test, the Canadian government seems to be at it again. These new rules [...]
Bank It was the early 90's and I was working at a bank called Montreal Trust as a mortgage advisor. I had approved a small mortgage for a local Portuguese farmer who had a lot of equity on the property and impeccable credit. The problem was he did [...]
Credit Score: Typical Scenario Here’s a typical scenario: You and your spouse are applying for a mortgage loan. You’ve had credit for years with three or four credit cards, a car loan and a line of credit. You always pay the minimum obligation, [...]
Affordable Rent in Hamilton As homeowners, we are all happy when our houses rise in value and why not? Who doesn't like to make money? But what are the long-term effects for all of us? How does it impact affordable rent? Let's take a simplistic [...]
Be Careful To Know What Type of Real Estate Market You Are In It is safe to say that the last two years have been nothing short of entertaining in the Hamilton-Wentworth home market. However, it is our belief that it may not have been so much fun if[...]
Hamilton Economy - Similarities to Pittsburgh Although I went to Pittsburgh this weekend to watch the football game, it was not hard to compare their Steel City to our Steel City; Hamilton. Besides also being along water, they also have hills, they [...]
Renewing mortgage. What should I consider? It has been said that over 50% of Canadian mortgages are maturing in 2018 and 2019. At Robert Floris' Mortgage Architects office in Hamilton, we thought we should share a checklist of five items to consider[...]
It is much easier listening to clients talking about their emotions when moving than actually experiencing it. At Robert Floris' Mortgage Architects office in Hamilton, I had to go through this experience several times during the past week. This [...]
Making Senior Living Arrangement For Our Parents Baby Boomers Beware! A little over a year ago, we heard the news that my mom would be forced into a long term care facility. I had no idea of the bureaucracy and the limited number of units that [...]
Why Do Banks Care About Credit? Being on the front lines of clients looking for a mortgage brings in unique perspectives. There is no doubt that mortgage stress tests have brought hardships to many. At Robert Floris' Mortgage Architects office in [...]