Mortgage Connection Calgary
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Mortgage Connection Blog

CMHC Mortgage Loan Insurance Premium Updates

The CMHC recently announced that as of March 17, 2017 they will be increasing their homeowner loan insurance premiums. For most prospective homeowners these changes to premiums will likely result in an additional $5 to $10 per month compared to their old premiums. This change is coming in to affect mostly due to OSFI’s change […]

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Your Mortgage: More than Just an Interest Rate

At Mortgage Connection, our mortgage brokers are committed to looking after your best interests. That includes getting you a low interest rate. However, the interest rate is just one of many aspects of a mortgage. There are other key factors that need to be considered when you are determining which mortgage solution is best suited […]

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Assessing Home Affordability in the Wake of New Mortgage Rules

The mortgage industry recently underwent a large change in the way high-ratio mortgages are now qualified and approved. A high-ratio mortgage is a mortgage where less than 20% of the total value of the home is being put forward as a down payment. While these mortgages traditionally required CMHC insurance the qualification process for them […]

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October 17, 2016 Mortgage Qualification Changes

On Monday, October 3, 2016 the Bank of Canada announced that as of October 17, 2016 any insured mortgage applications must be qualified at the benchmark rate (which is currently set at 4.64%). As of right now only variable mortgages, or mortgages with terms shorter than 5 years, are qualified at the benchmark rate. All […]

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6 Things Your Mortgage Broker Does For You

Mortgage Connection is here to streamline your home buying refinancing or mortgage renewal process by removing stress and minimizing frustration. When it comes to helping you find the perfect home at the perfect price we will do whatever we can to help you obtain a mortgage that suits your current and future financial needs. Here […]

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