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...

So there are some industry changes that do effect you. Whether you want to purchase, refinance or transfer, these changes directly affect your qualification for home ownership. As I mentioned May 1st, 2013 in the blog post " Interesting Updates for Mortgage & Eye Openers to Qualification " there have indeed been changes to how revolving debt is looked at on a mortgage application. I just received an email from First National confirming two changes that are affective immediately with them for certain. 1) Unsecured Revolving Credit-  Affective immediately, the monthly payment for all revolving unsecured credit will be 3% of the outstanding balance. Interest payments will no longer be used to qualify.   IE. Credit Card Balance of $11,000, will have a $330/month payment used when qualifying. *Now most lenders have taken this on already, so it is not that much of a surprise. However the next one will take some getting use to, with First National - and if they are ...

So you have bought your first house, or maybe it is your second or third. Either way today is the day and it is exciting. You are starting a new adventure, and putting down new roots, in your newly chosen abode. You have been planning where you are going to want to put your furniture and pictures in your head, and maybe the new paint colors you are wanting to try. It is really an adventure with indeterminate possibilities. However all the excitement can be stressful as well. There is a lot to do and you are wanting everything to run smoothly. Whether you are doing it yourself, with a moving company or friends and family are helping - what are some things you can do to help insure a smooth transition. I found some great things on the TLC web page - they have 5 Tips for Moving . 5) Draw a Floor Plan - You know what will save you time and eliminate confusion on moving day? Try drawing a floor plan of your new home before you move. Sketch in and number your furnishings the way ...

"...what I wrote on Facebook today is written below.  With a message that should be shared anyway possible,  even smoke signals if required,  to get to the furthest reaches of Canada. " Seeing the flowers & the red stained stones, is enough to make anyone cry. Finding out that is was a 2 year old boy who senselessly had his light snuffed out, this past Sunday, has me bawling. As a mother of 2 young kids & living 5 minutes away from this tragedy - it has hit me close to home on several fronts. This little boy, with so much unseen potential, is gone. My heart breaks for the entire family & I offer my heart felt condolences.  Drinking & Driving is NOT ok, & what our Justice System has to realize; is a vehicle is a fast moving, heavy duty weapon, of approximately 4259+ pounds & should be treated as such! Driving a vehicle is not a right, it is a privilege. Zero tolerance should be given when someone is drinking & gett...

We have all had those days , especially after a long weekend. Finally get into some relaxation and BOOM back to the grind. While like most people I find these days tiring, I also find them great ways to accomplish quite a lot. These type of days tend to focus me when I am getting it from all angles, haha, like an extreme game of dodge ball. One moment of not paying attention and BAM; your out. Besides really I am on 24/7/365 but my lenders are not; so holiday time they are off for the government appointed day, and the next business day is usually insane with everyone playing catch up & me spending a lot time following up making sure I do not lose a day for my clients in the follow up. So like TD Canada Trust Green Chair, I have chosen animals as my "theme", as I find, most times, that they can be quite soothing, energizing, fun, and yeah at times annoying too, which when telling stories makes you smile. But really I find they sooth my soul, keep my glass half full vs hal...