Mortgages by Carolann Young

Carolann Young || April 07, 2020

I hope my note this month finds you and your family safe

The world certainly has changed in many unimaginable ways over the past few weeks. COVID-19 has changed how we interact, closed our schools, and our non-essential businesses. Many people are working...

Carolann Young || March 23, 2020

The Health Crisis and Your Mortgage

A lot has changed in the last few weeks, much of it unsettling. The current COVID-19 health crisis has created some level of uncertainty among the population and a lot of unknowns. So, here’s a...

Carolann Young || March 07, 2020

Recent changes may be good news for homebuyers

We’ve had back-to-back changes recently in the mortgage world – one direct, one indirect. The benchmark rate used to qualify will change downwards starting April 6, 2020, and the Bank of Canada...

Carolann Young || March 03, 2020

What the New Stress Test Means for You

A few years ago, the stress test was introduced as a safeguard against rising interest rates, to make sure homebuyers would still be able to make their mortgage payments if their rate increased down...