The Pros & Cons of Co-Signing

The Pros & Cons of Co-Signing

When Qualifying for a Mortgage or Renewal is Just Out of Reach With stress tests and current home prices still out of reach, many Canadians are looking at co-signing in order to buy or re-finance their home. While this might not even be an option for some, for others...
January Mortgage Forecast

January Mortgage Forecast

January Mortgage Forecast – 2018 was Stressful, but 2019 will be Hopeful  Let’s just say it… last year sucked for those most vulnerable trying to get ahead in the home ownership game. Thanks to the newly introduced “stress test” and rising rates, both...
Changes to HELOC Rules Now In Effect

Changes to HELOC Rules Now In Effect

HELOC Home Equity Line of Credit The big banks have slowly and quietly introduced new regulations that could affect some 3.1 million Canadians with home equity line of credits. So what changes are we talking about here and how can it impact you? Well, for those...
Is a Reverse Mortgage Right for You?

Is a Reverse Mortgage Right for You?

By retirement, often the largest asset our clients own is their home and that often plays into their retirement strategy. Early in our relationship, we ask specific questions surrounding retirement and work with our clients to ensure we understand their short and...
Required Documents Checklist

Required Documents Checklist

Satisfying the terms of your mortgage approval can be a daunting task and often stressful. Our team at HW Advantage provides you with the guidance you need to ensure you have everything in order to close without delay (as much as possible). That is the advantage of...
Stress Test Follow-up

Stress Test Follow-up

Stress Test Review: Two Months In   New Stress Test Regulations Changing the Housing Market What a crazy few months it’s been in the mortgage arena. The newly launched B-20 Mortgage Stress Test shook things up as expected and is changing the landscape for buyers...