https://www.mpamag.com/ca/cmp-talk/whats-next-for-canadas-mortgage-market/465554 The decision to hold was a good one but whether or not it stays that way, will all depend on what people’s spending will look like in the upcoming holiday period, Mortgage Outlet COO, Leah Zlatkin said. BoC has hinted that they are open to increasing rates if inflation doesn’t come down.     […]

https://financialpost.com/real-estate/mortgages/finding-the-best-mortgage-to-ride-out-the-storm Leah Zlatkin, mortgage broker and Lowest Rates expert, talks with Financial Post’s Larysa Harapyn about what homeowners can do to find the best mortgage if they are renewing in these higher interest rate times. “There are a lot of renewals coming up in 2024-25 and those that are undergoing renewals at that time are […]

https://www.thestar.com/business/personal-finance/it-s-mortgage-renewal-time-and-my-new-rate-is-shocking-what-now/article_2eea7576-3830-548b-9763-1db3d1bd520c.html Elan Weintraub was quoted in the Toronto Star: Mortgage renewal letters can be sent months in advance of your term maturity date, says Elan Weintraub, co-founder and director at Mortgage Outlet, so you have some time. Your first move should be to go online to get a sense of what other lenders are offering. […]

https://www.thestar.com/business/mortgage-defaults-and-forced-home-sales-are-now-starting-to-climb-in-toronto/article_47169ce1-5cac-5355-bdad-a41b4f61b970.html Shawn Stillman was quoted in the Toronto Star in a Clarrie Feinstein article: The most vulnerable homeowners are those who bought at the height of the pandemic when interest rates were below two per cent but house prices reached record highs. And more specifically, people who bought in early 2022 with a variable-rate mortgage […]

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-builder-incentives-mortgage/ Shawn Stillman was quoted in the Globe and Mail in a Rob Mclister article: “If it’s available and you qualify, a blend-and-increase is often the lowest effective rate you’ll find,” said Shawn Stillman, a mortgage broker and co-founder of Toronto-based Mortgage Outlet. “We’re closing drastically more seconds today than one year ago because it’s […]

https://www.tvanouvelles.ca/2023/09/07/taux-directeur-la-decision-de-la-banque-du-canada-continuera-de-faire-mal Maintaining rates could “be a big relief” for many owners of adjustable-rate mortgages, says Leah Zlatkin.  Zlatkin said individuals may have difficulty with renewals if they have a fixed-rate mortgage from about five years ago. People applying for renewal will have difficulty re-qualifying with a new lender or their existing lender because the rates […]

https://www.thestar.com/business/personal-finance/hoping-to-walk-away-from-a-new-construction-deal-experts-chime-in-on-your-options/article_eacc7800-5eb1-5685-bac7-9bfe4217e7b3.amp.html Elan Weintraub says a common misconception is that breaching a contract means you only lose your deposit. That’s not the case. “Even with a high income, if the house only appraises for $2 million and you pay $2.5 million, you need to come up with an extra $500,000 on top of the 20 per […]

https://www.bnnbloomberg.ca/what-mortgage-owners-need-to-know-about-the-latest-bank-of-canada-rate-hold-1.1967981 Leah Zlatkin, a mortgage broker and expert with LowestRates.ca, said in a Wednesday interview with BNNBloomberg.ca that the rate hold may “come as a great relief” to many variable-rate mortgage owners. In the current environment, she said she recommends three-year fixed products to many clients, depending on their needs. Zlatkin said individuals may struggle […]

https://torontosun.com/news/national/mixed-reaction-from-mortgage-brokers-on-bank-of-canada-rate Mortgage broker and LowestRates.ca expert Leah Zlatkin thinks maintaining the rate does help “many variable mortgage holders who were worried and bracing for an increase.” “This is good news,” said Zlatin. “We still don’t know what’s going to happen at the next BOC update on Oct. 25. We’ve got two CPI (Consumer Price Index […]

https://financialpost.com/real-estate/mortgages/variable-fixed-mortgage-rates-rising Leah Zlatkin, mortgage broker and lowest rates expert, talks with Financial Post’s Larysa Harapyn about how variable and fixed mortgage rates are rising. Zlatkin discusses what kind of mortgages people are looking for and more.