Entries by Michele Ellis

Why Should You Use a Canadian Mortgage Broker?

Hi everyone, and welcome back to the Mortgage Studio Blog! I’m Michele Ellis, Senior Mortgage Broker at the Mortgage Studio. In last month’s post about new federal mortgage regulations due to come into effect in January, I urged any readers thinking about changing or applying for a mortgage to give me a call so we…

Debt Consolidation Main Reason for Mortgage Refinancing

There are a variety of reasons why Canadian homeowners refinance their mortgage. Simply put, refinancing means renegotiating an existing mortgage loan agreement. This year, refinancers accounted for 15% of respondents to CMHC’s Mortgage Consumer Survey. The main reason for refinancing was to consolidate debt, followed by to fund home improvements. Here’s more of what we…