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Licensed Mortgage Consultant
Licensed Investment & Insurance Advisor
RIHANA PEIMAN
Dec 18, 20221 min read
Bank of Canada's 2023 Schedule For Interest Rate Announcements
The dates are as follows: Wednesday, January 25* Wednesday, March 8 Wednesday, April 12* Wednesday, June 7 Wednesday, July 12* Wednesday,...
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RIHANA PEIMAN
Dec 17, 20221 min read
What Is the Trigger Rate and what happens when you hit the trigger rate?
If you have a Variable-Rate Mortgage (VRM) with Fixed Payments, Trigger Rate is an important factor that you may want to consider when...
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RIHANA PEIMAN
Dec 9, 20222 min read
What Is the CPI and How It Measures Inflation?
The Bank of Canada applies the consumer price index (CPI) to target inflation. In other words, CPI tracks how much the average Canadian...
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RIHANA PEIMAN
Dec 4, 20221 min read
What Are Key Requirements for the Reverse Mortgage?
A reverse mortgage is not for everyone. You must be at the age of 55+, and a Canadian homeowner. Two above factors are required in order...
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RIHANA PEIMAN
Dec 4, 20221 min read
What is Mortgage Stress Test Rate?
If your mortgage is with a federally regulated lender such as chartered banks, all you need to do is to add 2% to your contract rate and...
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RIHANA PEIMAN
Dec 1, 20222 min read
10 “Must Know” Credit Score Facts
Like other loans, a mortgage is not an exception where a good credit score plays a key role in a lender’s decision to offer credit. Just...
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RIHANA PEIMAN
Dec 1, 20221 min read
First Time Home Buyer Incentive (FTHBI): Myths & Facts
Below are details of the more common myths to give you a better idea of the real truth about FTHBI: 𝗠𝘆𝘁𝗵: The incentive is free money...
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