Author Archive

Author Archive

Rising rates – it’s time to do the math…

Posted on February 15th, 2023 by Mortgage Outlet

Interest rates have been on a rollercoaster ride over the past year and have skyrocketed beyond expectations. The Bank of Canada promised low rates for a long time, but this has not been the case. The increasing mortgage rates and payments are putting homeowners under immense financial pressure and are a cause for concern. At […]

Tips for buying in a down market

Posted on February 10th, 2023 by Mortgage Outlet

In a down market, buyers have the advantage, but it is still important to be well prepared and informed. Here are 7 tips for buying a home for less in a down market: Do Your Homework: Research the area and price range to get an idea of what is considered excessive or low. Utilize your […]

Winter Home Maintenance: A Guide to Ongoing Care

Posted on February 10th, 2023 by Mortgage Outlet

Winter weather can be tough on your home, and proper maintenance is essential to protect it from damage and ensure a comfortable living environment. Here’s a list of internal and external tasks to keep in mind for winter home maintenance. Internal Tasks Keep interior doors open during deep cold spells (below 15 degrees for more […]

Elan Weintraub quoted on CTV News: ‘Federal banking regulator keeps key mortgage stress test rate unchanged”

Posted on December 15th, 2022 by Mortgage Outlet

https://www.ctvnews.ca/video?clipId=2584987&jwsource=em Mortgage Outlet director Elan Weintraub discusses Canada’s mortgage stress test and why he thinks it should remain even as rates rise.  

Leah Zlatkin quoted in the Financial Post: ‘Mortgage Defaults Starting To Hit The Market: Broker’’

Posted on December 11th, 2022 by Mortgage Outlet

https://financialpost.com/real-estate/mortgages/mortgage-defaults-housing-market-broker  Leah Zlatkin, mortgage broker and expert at lowestrates.ca, talks with Financial Post’s Larysa Harapyn about how mortgage defaults are starting to hit the market. “The prime rate has gone up. So what we’re going to see in terms of the prime rate is that it has gone up from 5.95 at most major banks […]

Leah Zlatkin quoted on BNN Bloomberg: ‘What Mortgage Owners Need to Know about the bank of Canada Hike’’

Posted on December 7th, 2022 by Mortgage Outlet

https://www.bnnbloomberg.ca/what-mortgage-owners-need-to-know-about-the-bank-of-canada-hike-1.1856200 “A trigger rate is reached when a homeowner’s mortgage payment no longer covers interest accrued since the previous payment.” “Many Canadians are approaching their trigger point, at which point you need to start looking at do I make a lump sum payment into my mortgage? Do I increase my payment amount or do I […]

Leah Zlatkin quoted on BNN Bloomberg: ‘What Mortgage Owners Need to Know about the bank of Canada Hike’

Posted on December 7th, 2022 by Mortgage Outlet

https://www.bnnbloomberg.ca/what-mortgage-owners-need-to-know-about-the-bank-of-canada-hike-1.1856200 “A trigger rate is reached when a homeowner’s mortgage payment no longer covers interest accrued since the previous payment. “Many Canadians are approaching their trigger point, at which point you need to start looking at do I make a lump sum payment into my mortgage? Do I increase my payment amount or do I […]

Leah Zlatkin quoted in CMP Magazine: ‘What are brokers looking for from lenders in 2023?’

Posted on November 30th, 2022 by Mortgage Outlet

https://www.mpamag.com/ca/mortgage-industry/industry-trends/what-are-brokers-looking-for-from-lenders-in-2023/429079 “Transparency from lenders is a critical component of that relationship, according to Leah Zlatkin (pictured below), chief operating officer and broker at Mortgage Outlet. She noted that the changing mortgage landscape of 2022 has created a more complex borrowing environment for clients, meaning it’s essential that lenders effectively communicate whether they can service a […]

Leah Zlatkin quoted in Global News: ‘Ask an Expert: Managing Your Mortgage’

Posted on November 27th, 2022 by Mortgage Outlet

https://globalnews.ca/video/9308136/ask-an-expert-managing-your-mortgage Mortgage broker and expert Leah Zlatkin talks about some ways you can better manage your money, including paying down your mortgage more quickly.

Leah Zlatkin quoted on BNN Bloomberg: ‘What mortgage brokers are seeing with renewals amid rate hikes’

Posted on November 2nd, 2022 by Mortgage Outlet

https://www.bnnbloomberg.ca/what-mortgage-brokers-are-seeing-with-renewals-amid-rate-hikes-1.1840808 Leah Zlatkin, a mortgage broker working in Toronto and expert with LowestRates.ca, said some clients are having a harder time shopping around. “What I’m typically seeing from clients who are up for renewal is that they’re having a harder time qualifying in some cases if they’re trying to switch to a different lender,” she […]