GOT MONEY (ACCESS TO IT) BUT DON'T QUALIFY FOR A MORTGAGE?
  
Today’s investment landscape looks very different than it did just three months ago. The stock markets are down, real estate investors sit on the sidelines as their personal income sources may be in jeopardy and/or the normal security of stable rental income is challenged.
What’s a smart, savvy, sophisticated person to do?
https://bit.ly/2MCZDKF
New CMHC Rules (Entry Level Residential + Multifamily Commercial) Impact
Four days ago CMHC made an announcement that will impact entry level home owners and Multi-family investments. While we do not have word if Genworth or Canada Guaranty will follow suit at this time, it is prudent to expect them to conform as well.
To read the full article click here: bit.ly/3cJqak1
10-POINT PANDEMIC FINANCE CHECK LIST
This is a 10-article series in the Globe and Mail by personal finance columnist Rob Carrick on what you should have done by now to protect or improve your money situation.
The first installment published on March 23, 2020 covers falling stocks and wartime budgets for families, followed by articles on the safety of bank deposits and wills, why you should clean out your big-bank savings account.
*We've made a few adjustments to what we at GODDYN MORTGAGES believe in.
Step 1: Mobile banking is the way go to, forget cash and cheques
Step 2: Grade your investment advisor: pass or fail
Step 3: Grade your financial/mortgage service provider; pass or fail
Step 4: Working remotely works
Step 5: No need to panic over stock market
Step 6: Review those points and reward card programs
Step 7: Plan your travel now (not sure I agree here)
Step 8: Top up emergency savings fund - Or access to it (Think Equity)
Step 9: Stop stress buying and build resiliency instead
Step 10: Own less Stuff, Owe less (bad) debt.
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