The GreenFlow Financial Blog

B Lending: Preparing for Success

September 15th, 2020

Regulations governing borrowing are likely to get more stringent. Updates on the stress test have been paused and there’s little information yet on when new regulations will be announced. It’s best to be prepared for more tightening of the B-20 and the way to do that is to have a deeper understanding of the alternative side, the B side of lending.

Analysis of Housing Incentives in the 2019 Canada Budget

March 26th, 2019

The 2019 Federal Budget is aiming to favour First Time Home Home Buyers and the lower income segment with no incentive for purchasers of higher valued properties. However, is that really the case? Let's see what those incentives are and discuss them in detail.

The journey of Home Capital & its impact on borrowers

May 1st, 2017

Last week was a bumpy ride for Home Capital Group Inc. (TSX: HCG), the Parent company of Home Trust. The company’s stock price nosedived almost 65% in one day, from $17.09 / share on April 25, 2017 to $5.99 / share on April 26, 2017. The journey commenced in 2014 when the company ran into some compliance issues with the regulators, having to do with fraud cases and lack of disclosure to its shareholders.

What are your thoughts on Canadian Residential Real Estate Market?

June 8th, 2016

Hello everyone,

I was going through my emails and found this question from a prospect in December 2014. I answered with a view that I still believe exists to some extent in the residential Canadian Real Estate market today (not the overall market as some indicators have changed). Without further due, I invite you to read the exchange.

Mortgage myth 2: Mortgage brokers “Shop” for the best rate.

February 8th, 2014

Reality: Actually, it is often the clients who make the mistake of going to multiple lenders in an attempt to negotiate for the best rate. Not only this action is time consuming but also every time there is an inquiry on the credit report, it causes the credit rating to drop.

Mortgage myth 1: My bank will take care of me because I’ve been a loyal customer for many years and have several accounts with them.

February 8th, 2014

Reality: Although, many borrowers with solid income and good credit will get approved at the bank and look no further, it does not merely indicate that they have received the best approval rates and terms they qualify for. In the case of self-employed individuals, even if they have a solid credit rating, approvals cannot be solely based on that.

What does a mortgage broker do? Myths vs. Realities

February 8th, 2014

There is still confusion about what we mortgage brokers actually do and how our services differ from the banks. I‘ve also heard numerous times, misconceptions about our practices and what we can offer. I would like to take this opportunity to omit any myths about my profession and inform on the benefits you will gain from utilizing my services.