More Borrowers Will Face Jumbo Stress Test Following Higher Rate Hikes  “Many homebuyers are not aware of this nuance, and it would affect their affordability even if home prices were to slow down or down over the next year,” says Leah Zlatkin, mortgage broker and expert at LowestRates.ca.  She adds that this will effectively reduce […]

https://www.movesmartly.com/articles/this-risky-trend-in-pre-construction-purchases-is-raising-red-flags?hs_amp=true Shawn Stillman is a mortgage broker at mortgageoutlet.ca, and is familiar with this issue. “I know,” he wrote me, “that there are ‘brokers’ who will charge $500, ask for ID and a copy of the first page of (the) purchase agreement and get you photoshopped (mortgage) approval.”  He adds: “I was told by the […]

https://www.mpamag.com/ca/best-in-mortgage/top-75-brokers-2022/400482   In spite of predictions to the contrary, COVID-19 did not bring the mortgage sector to a screeching halt. Throughout 2021, despite new virus variants and a roller coaster of lockdowns, the volume of mortgage deals kept brokers working overtime to keep up with the demand. This year is shaping up to be a […]

https://www.theglobeandmail.com/business/article-fixed-or-variable-how-to-decide-as-interest-rates-rise Fixed or variable? It’s a perennial question for mortgage seekers that’s expected to hit a fever pitch as the Bank of Canada begins what’s expected to be a steady stream of interest-rate increases in the coming months. On Wednesday, the central bank increased its key interest rate to 0.50 per cent from a record […]

https://www.mpamag.com/ca/tv/variable-rates-in-2022-whats-in-store/327013 With markets pricing in multiple Bank of Canada rate increases in 2022, could the popularity of variable rates take a hit? Leah Zlatkin, mortgage broker at Mortgage Outlet and LowestRates.ca expert, talks us through what could be in the cards this year.

https://financialpost.com/real-estate/mortgages/what-rate-hikes-mean-for-the-housing-market Leah Zlatkin, mortgage broker with Lowestrates.ca, talks with the Financial Post’s Larysa Harapyn about how rate hikes will impact your mortgage payment and the housing market as a whole.

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-this-is-what-a-rate-hike-will-cost-homeowners Someone with a HELOC balance of $142,000 at an interest rate of 2.7 per cent would see their monthly payments of principal and interest inch up from $650 to $668, a difference of $18 a month, or $216 a year, according to LowestRates. Still, several factors might soften the short-term financial blow of rising […]

https://toronto.ctvnews.ca/some-homeowners-spend-more-time-planning-vacations-than-reviewing-their-mortgage-survey-finds-1.5748518 Leah Zlatkin is a mortgage broker with LowestRates.ca and agrees people should spend more time understanding their mortgage agreements. “The majority of people out there find personal finances and mortgages outside their comfort zone,” said Zlatkin. The survey also found 74 per cent feel more should be done to educate people on mortgages and […]

https://www.msn.com/en-ca/money/topstories/reverse-mortgages-rise-in-canada-as-stigma-fades/ar-AARoIeB Leah Zlatkin, mortgage broker and Lowestrates.ca expert, talks with Financial Post’s Larysa Harapyn about how reverse mortgages are becoming more common in Canada and walks us through how they work.

as/https://www.thestar.com/business/2021/09/18/canadas-economy-took-a-shocking-second-quarter-dive-where-will-it-go-next.html?rf “The best way to put this is think of it like a hot summer day versus a sweltering summer day,” says mortgage industry specialist Leah Zlatkin. “So it had been a sweltering summer (in the first quarter) when it comes to real estate, and now quarter two was a hot summer day,” says Zlatkin, […]