Whether you are looking for the latest Bank of Canada rate announcement, up-to-date information on the mortgage industry or fun tips on how to add curb appeal to your home, our blog is the place for you. Be sure to check back weekly for the latest industry updates and most popular mortgage topics affecting Canadian home owners!

co-signer
Innovative Mortgage Solutions

Removing a Co-Signer from your Mortgage

May 16, 2019

If you have a co-signer on your mortgage and you’re looking to get their name removed (or if you’re a co-signer who would like your name removed), there are a few options that are available to you.

Payment Frequency
Innovative Mortgage Solutions

Payment Frequency: How to Become Mortgage-Free Sooner

May 9, 2019

Changing your payment frequency is one of the seemingly minor details that can have a significant impact on helping you become mortgage-free sooner. Simply put, payment frequency is how often you choose to make your mortgage payments.

appraisal
Innovative Mortgage Solutions

Difference between an Appraisal and a Home Inspection

May 2, 2019

While it is true that an appraisal and inspection are interconnected, they are not interchangeable and, in fact, they represent two entirely different points within the process.

bridge financing
Innovative Mortgage Solutions

What is Bridge Financing?

April 25, 2019

Using the equity in your home as a down payment for a new home is a situation we run into often within our industry. When there is a gap between the closing date for your new home and the closing date for your current home, bridge financing can help.

rate announcement
Innovative Mortgage Solutions

Bank of Canada Rate Announcement - April 24, 2019

April 24, 2019

As expected, the BoC held their key interest rate steady at 1.75 percent today. The bank had previously suggested that we could see some rate hikes in the near future, however talk of an impending increase was noticeably missing from their policy discussion today.

refinancing
Innovative Mortgage Solutions

How Can Refinancing Help Me?

April 18, 2019

Refinancing can be an excellent way to put the equity in your home to work for you, and there are many different reasons you may want to consider accessing your equity to help put you in a better spot financially.

Minimum Down Payment Graphic
Innovative Mortgage Solutions

What Will My Minimum Down Payment Be?

April 11, 2019

In February 2016, new rules were implemented in Canada that changed the minimum down payment requirements for when you purchase a home. Home purchases are now separated into three categories in terms of down payments:

Inverted Yield Curve
Innovative Mortgage Solutions

What does the Inverted Yield Curve mean for Mortgages?

April 4, 2019

The Canadian economy is currently showing an inverted yield curve for the first time in twelve years. This translates to many implications for the economy, including how mortgage rates are set moving forward.

Maternity Leave
Innovative Mortgage Solutions

How Maternity Leave Affects Your Mortgage Application

March 28, 2019

Growing your family is such an incredible milestone in your life. It is also the time when couples may start to consider their housing situation and think about establishing roots in a home built to raise their kids in. Applying for a mortgage during this time can be tricky, however there are options available to you.

Condition of Financing
Innovative Mortgage Solutions

Understanding your Condition of Financing Date

March 22, 2019

Your condition of financing date is one of the most important milestones in your mortgage financing process. As such, there are many questions from our clients about what this term means and how it affects them.

Innovative Mortgage
about 8 hours ago#Buying your #firsthome is so exciting! But at times, it can also be overwhelming. With so many decisions to make a… https://t.co/ttyme7kvS7Follow Innovative Mortgage