Often times, clients say they don’t understand the difference between term and amortization when talking about mortgages. It is a fair point - a common confusion -, but one that needs to be clarified to be able to know all the options available. A mortgage term...
As of January 1st, it has become harder for some buyers to get a mortgage. The reason for this is related to the decision made and announced by the Office of the Superintendent of Financial Institutions (also known as Canada’s banking regulator) to introduce new...
Crazy high prices are no longer the only concern for people considering entering the real estate market or trading up for a bigger or better place. As of January 1st, all borrowers are now required to pass a stress test before they are allowed to...
According to to a report by Royal LePage, the new stricter mortgage rules are expected to slow the housing market in 2018, but prices are still expected to rise almost five per cent. In fact, in its market survey forecast, Royal LePage indicates that its...
Buying a house can be a daunting task, and for a first time borrower (or anytime borrower for that matter) you might not know all the ins and outs that are involved in taking out a home loan. It’s usually better to obtain a loan...
When it comes to mortgages, 2017 brought much ado about… a lot of things. The Office of the Superintendent of Financial Institutions (OSFI) has introduced new rules on mortgage lending to take effect in January 2018. What these rules – introduced last October – mean is...
The Costa Group is committed to being a dominant service provider in the mortgage industry. We are focused on delivering the industry's most reliable, customer oriented service, using the most advanced network management tools available. It takes the right people, the right technology and bold vision...