Blog by DOINA BIOLAN B.Comm

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Mortgage Testimonial from Liliana and George B.

April 24th, 2017
We are very grateful to our dear friend Doina Biolan for our recent mortgage renewal. It was a very pleasant experience, even if we are located in Edmonton and our mortgage broker is located in Calgary. We are impressed with Doina’s  honesty , integrity and professionalism  as well as exceptional attention to detail, efficient communication skills and open heart to our worries and needs. We a ...

CMHC Increasing Insurance Premiums Effective March 17, 2017

January 18th, 2017
CMHC Increasing Insurance Premiums Effective March 17, 2017Breaking news! CMHC ( Canada Mortgage and Insurance Corporation) is hiking mortgage insurance rates for the third time in three years (LTVs affected are 75% and greater) . Premiums are effective March 17, 2017.    At 80% LTV the premium almost doubles from 1.25% to 2.40%, this will greatly affect the monoline lenders who pay this pr ...

Confused by mortgage insurance ?

December 7th, 2016
Confused by mortgage insurance? If you put less than 20% down on a property, then you’re likely familiar with mortgage default insurance, some people refer to this as CMHC insurance. Truth be told, there are three providers of this type of insurance, CMHC, Genworth and Canada Guaranty. That said, mortgage default insurance should not to be mistaken for mortgage creditor insurance. ...

More mortgage rules changes

November 29th, 2016
Further to our announcement on October 17, 2016, lenders continue to make changes to their business resulting from the changes announced from the Government of Canada on October 3, 2016.  Specifically, the Department of Finance released a Technical Backgrounder: Housing Insurance rules and Income Tax Proposals (Revised October 14, 2016). As you are aware, mortgages are insurable in Canada on ...

Need a consolidation loan, renovate your home, built a garage, vacation loan, student loan?

November 10th, 2016
DROWNING IN CREDIT CARD DEBT while paying 23% interest rate? DON’T HAVE ENOUGH EQUITY IN YOUR HOME(DON’T OWN A HOME)  TO CONSOLIDATE THOSE DEBTS? Consolidate your debt with a personal loan with fixed monthly payment WITHOUT TOUCHING YOUR MORTGAGE!! Rates start at 6% , 2 minutes application, approval in 24 hrs, money in your bank account in maximum 48 hrs! Same rules apply for a: - renova ...

THINKING OF BUYING AN US VACATION PROPERTY?

November 1st, 2016
Thinking of buying a vacation property? When the weather in Canada turns cold and winter sets in, a lot of us think about a blue sky vacation, others think about buying a vacation property in the U.S. sunbelt or even in British Columbia where the weather is milder. Still others enjoy winter and look for a winter vacation property here or in the US.  While the allure of long beach w ...

New buyer power based on New Mortgage Rules

October 31st, 2016

MORTAGE REFINANCE TESTIMONIAL FROM CAT AND CRISTINA B.

October 25th, 2016
We refinanced and consolidated our mortgages, and it's 100% as a result of the hard work, high work ethic and standards that Doina possess. Doina not only worked hard to make sure people were working on our file but she made sure that we were updated every step of the way! We have dealt with many mortgage organizations and we have never been treated as respectful and professional as you have ...

Bank of Canada's key interest rate remains unchanged at 0.50%

October 20th, 2016
Breaking News   The Bank of Canada's key interest rate remains unchanged at 0.50%.  For those of you with variable rate mortgages and/or lines of credits, your payments will remain unchanged. The Bank of Canada reports that the economy is in a slow growth period and will be for some time. However, it does predict increased activity in many sectors as the US economy strengthens.   Core i ...

MORTGAGE DEAL APPROVED!

October 14th, 2016
And the shark in me approved another mortgage deal! This wasn't meant to go down the drain, as predicted by some.The new mortgage rules imposed bt the Minister of Finance don't scare me. An underwriter telling " no" does not scare me. Perseverence, perseverence...Maybe 10 yrs+ of doing Mortgages helps..maybe me being "mean" and contradicting the banks helps...maybe being diligent helps...mayb ...
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