What to know BEFORE you start House Hunting

General Angela Calla 12 Jun

As exciting as it is to start your journey towards home ownership (or even up- and down-sizing), there are a few things you should consider first. Most importantly, you need to determine your purchase range. Having the proper budget for your future home is the best way to ensure future financial success! To create a […]

Read More

Economy and Mortgage Update

General Angela Calla 11 Jun

There has been a lot of discussion around mortgage insurance qualifications as of late. We can rest assured knowing private default insurer Genworth Canada saw no need to follow CMHC and tighten its mortgage rules. Canada Guaranty, which has the lowest loss ratio in the mortgage insurance industry, made the same determination, saying, “Given the […]

Read More

Canada Guaranty also Confirms there will be NO Policy Changes

General Angela Calla 9 Jun

In addition to yesterday’s announcement from Genworth Financial, Canada Guaranty confirmed that there will be no changes to their underwriting policy that we’ve seen contemplated as a result of recent industry announcements. “Canada Guaranty utilizes a dynamic underwriting process where our underwriting policies are consistently updated to reflect evolving economic environments and emerging mortgage default patterns. […]

Read More

Genworth MI Canada Inc. Confirms that It Does Not Plan to Change Its Underwriting Policy

General Angela Calla 8 Jun

Genworth MI Canada Inc. (the “Company“) (TSX: MIC) confirms that it has no plans to change its underwriting policy related to debt service ratio limits, minimum credit score and down payment requirements. One of the Company’s competitors announced changes to their internal underwriting guidelines with respect to the aforementioned underwriting criteria on June 4, 2020. “Genworth Canada […]

Read More

Angela Calla Discusses CMHC Changes on The Jill Bennett Show

General Angela Calla 5 Jun

I wanted to touch base to update you on what to expect with the new CMHC updates. Learn more about the update here and listen to Angela’s segment with Jill Bennett here. Who does this impact? People making a home purchase with less than a 20% down payment. There haven’t been enough details released at this time to rush […]

Read More

Financial Literacy with Enriched Academy

General Angela Calla 29 May

If you missed the Financial Literacy session with Enriched Academy’s Kevin Cochran you’re in luck! Here’s the entire 75-minute session!! I recommend that every KID, TEEN, and YOUNG ADULT watch this! Make it your entertainment during dinner or when relaxing before bed. Every parent should watch this tonight with your children! This session will change […]

Read More