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How Major Events Impacted Mortgages in 2018?

To say that the mortgage industry experienced some excitement in 2018 is an understatement. Everything from new borrowing regulations to trade tensions and immigration left their mark on the Ontario housing market, and by extension mortgages. Let’s examine some of the major events that impacted mortgages in 2018. Financial stress test. In January of last […]

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Private Lenders Step In For Self Employed Borrowers

At Matrix Mortgage Global, we see a lot of self-employed borrowers in the same set of circumstances. Any savvy business owner/operator will want to write off as much of their business expenses as possible, therefore presenting a less-than-representative annual income on their T1 General tax returns. A Contractor, for example, might bring in $200,000 in […]

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 How Does a Reverse Mortgage Get Paid Back?

In the right circumstances, a reverse mortgage can be a good option for Canadian seniors who are looking to supplement their income or who need a large lump sum of cash for an unexpected emergency such as a medical expense. One of the advantages of getting a reverse mortgage as opposed to something like a […]

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Can I Get a Home Loan While Going Through a Divorce?

If you are going through a divorce, getting a home loan can be tricky. Lenders will want to know your financial situation before they will be willing to agree to mortgage terms, and in many cases those still in the process of getting a divorce do not yet know their full financial picture. If you […]

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UNCOVERED: CMHC’s New Home Buyer Incentive

UNCOVERED: CMHC’s New Home Buyer Incentive Matrix Mortgage Global is Canada’s #1 Fastest-Growing Mortgage Brokerage   Entering the real estate market amidst rising prices and stricter lending guidelines has become more difficult than ever. In an effort to ease the stress on hopeful borrowers, the Canadian Government has proposed the following changes to CMHC’s Insurance […]

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5 Reasons To Become a Mortgage Agent

5 Reasons To Become A Mortgage Agent 1)    Housing market demands do not dictate mortgage business success – 30% of Ontario residents have mortgages, and they renew every 1-3 years. 2)    Learn to build wealth through real estate: help yourself and your whole network reach financial freedom 3)    If you’re salaried, you can get fired at any time and you […]

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 How is Equity Divided into a Home When Divorcing?

Separating assets when you are going through a divorce can be a challenge. This is particularly true of the family home. For most couples, their home will be their largest asset in many cases, neither spouse will be able to afford to buy the other one out in cash. When it comes to dividing home […]

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How Does the Financial Stress Test Work in Canada?

Since January of 2018, Canadians applying for a mortgage with a federally regulated lender have had to first pass a financial stress test before they could be approved. This has left some prospective homeowners feeling that buying their dream home may now be out of reach. It has left others feeling confused about what exactly […]

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What are your options if you are denied for a mortgage renewal?

Finding out that you have been denied for a mortgage renewal can be quite scary and stressful. Does this mean you will have to sell your home? What will happen to your family? Fortunately there are options. In this blog we will take you step by step through what you will need to do if […]

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How does a bridge loan work when buying a house?

Looking for a new home and found the perfect one but haven’t sold your current one yet? As a homeowner you likely don’t want to be paying two mortgages as that can add up really quickly. If you’re looking to purchase a new home before you’ve sold your current one there’s something called a bridge […]

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