Ariana Leroux Mortgage Blog

Hey Everyone, yep me again, your Friendly Neighbourhood Mortgage Broker ... and no, I do not wear a red suite and shoot string from the cuffs of my shirts, let along stick to buildings. Although as a side note that would be pretty cool. But before I go off on a tangent, I do want to write a bit about mortgage rates. As you all know rates are on leap frogging upwards daily with the lenders it seems. Every other day I am getting a rate increase email.... I did say it would happen. We are soon I think, going to see all lenders over that 3% marker, heading towards mid threes shortly... which will slow down our summer market. Which for all cases has been insane these last three weeks! Everyone tends to freak out when this happens, but it happens every year. For myself, with two small kids, I tend to think it follows the school year (although I know it is way more complicated than that, IE Bond Market Cause and Effect etc etc) ... however in Simple terms, I see May till the end of June bei...

Why is your Credit Score Important.   Incurring debt is part of life for most people. Understanding how best to handle credit will help you maintain control of your overall fi nancial situation as your credit a ff ects your ability to borrow money.  Your credit report is simply a listing of all your mortgage and consumer debt. In Canada mortgage brokers use two credit bureaus, Trans Union and Equifax and they have a credit fi le on anyone who has ever borrowed money. Every time you borrow money or make a payment on a loan or credit, the lender reports the information about that transaction to these two agencies. In addition to credit information, you will also fi nd liens and judgements on your credit report as well as your address and possibly your work history. The accumulation of all of this information is called your credit report.  A credit score is a rating used by a lender to help determine whether you q...

So it is Wednesday evening with grey skies and a down pouring of turrential rain. I am watching my dogs and kids sit by the glass storm doors as they are watching sheets of rain blanket my lawn and flowers. My content relaxation soon morphs to a mad dash, to take the flower hanging baskets down and place them into the Mother Nature provide water.  Coming inside dripping water onto the floor, with now giggling kids, there were somethings that I wanted to again mention. Rates and mortgage products. On the heels of getting another wonderful approval for a great client & am of course continually working on all the others that I have pending/looking/thinking/building/waiting... etc etc...  it has been something I wanted to write about all day but had no "time". Ha, water does good on clearing minds that is for sure... so here goes.... You all have heard me say, "rates are going up", and you can see this when you watch the bond market. When the bond rises - our ra...