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Corrina Warner  Mortgage Professional

Corrina Warner

Mortgage Professional


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Address:
200-1215 Henderson Hwy, Winnipeg, Manitoba

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I am proud to be a member of the VERICO One Link Mortgage and Financial team.  I have over 20 years experience in the banking and financial industry and have been working as a mortgage professional for VERICO One Link since 2007.  I am an Accredited Mortgage Professional (AMP), and a charter member of the Canadian Association of Accredited Mortgage Professionals (CAAMP).

My role as your Mortgage advisor is to find out what your mortgage goals and mortgage needs are and to provide you with sound financial advice and customer service by making recommendations, offering customized solutions and maintaining an ongoing relationship. I work for you, not the institution and value the opportunity to save you time and money.  I help my clients with property purchases, refinances, vacation homes, debt elimination and strategies to pay off your mortgage years earlier.

 

          My wife and I used Corrina to help us with a refinance on our home.  Not only did she find us an amazing rate, she was a joy to work  with throughout the entire process.  Glen D. Winnipeg, MB

 

        Corrina handled my mortgage refinance with ease, it was a pleasure to deal with her, and I'm looking forward to my next mortgage renewal with her.  Joe F. Winnipeg, MB

 

        Corrina has had an impact on our lives and will be forever grateful for the efforts put into obtaining our mortgage.  I would not hesitate to recommend Corrina to anyone.  James L. Edmonton, Ab

 

       The biggest benefit working with Corrina was her knowledge and her ability to get my mortgage approved.  She treats you like a person rather than just another means of getting paid.  She looks out for her clients best interest.  Gina A. Winnipeg, Mb

 

        To be honest had we not met Corrina I cannot think of what would have happened to our home.  I would suggest if you are buying a home, renewing your mortgage or have any questions that Corrina is the expert we all want in our lives.  Cheers Corrina!  Rob & Nadine G. Winnipeg, Mb

 


BLOG / NEWS Updates

Minister Morneau announces new benchmark rate for qualifying insured mortgages

For many Canadians, their home is the most important investment they will make in their lifetime. That is why the Government of Canada has introduced measures to help more Canadians achieve their housing needs while also taking measured actions to contain risks in the housing market. A stable and healthy housing market is part of a strong economy, which is vital to building and supporting a strong middle class. Today, Minister of Finance, Bill Morneau, announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the stress test. These changes will come into effect on April 6, 2020. The new benchmark rate will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications, plus 2%. This follows a recent review by federal financial agencies which concluded that the minimum qualifying rate should be more dynamic to better reflect the evolution of market conditions. Overall, the review concluded that mortgage standards are working to ensure that home buyers are able to afford their homes even if interest rates rise, incomes change, or families are faced with unforeseen expenses. This adjustment to the stress test will allow it to be more representative of the mortgage rates offered by lenders and more responsive to market conditions. The Office of the Superintendent of Financial Institutions (OSFI) also announced today that it is considering the same new benchmark rate to determine the minimum qualifying rate for uninsured mortgages. OSFI is seeking input from interested stakeholders on this proposal before March 17, 2020.

The Contagion of Fear

Fears of a possible coronavirus pandemic are sweeping the world. Markets are jittery with little hard data to go on. With the first case now reported in Canada, many are recalling the 2003 SARS where Canada was one of the epicenters. Arguably the biggest (economic) lesson from that experience is that fear is the biggest risk to the outlook. The impact of the SARS pandemic on the Canadian economy is difficult to estimate, confounded as it was by the slowing US economy, the invasion of Iraq and other events, but the Bank of Canada estimated -0.6ppt hit to annualized growth in Q2-2003, or just over 0.1% on the level of GDP. While it is premature to predict the path of todays coronavirus outbreak, we estimate that a SARS-equivalent pandemic today could have a similar impact on the Canadian economy with an estimated hit of just over 0.1% on the level of GDP by mid-2020, at which point a pandemic should be contained. This estimate is subject to a significant degree of uncertainty with risks skewed to a potentially larger impact. The effect should not be significant enough to trigger a broader economic malaise, but could this finally push Governor Poloz over the line to proactively stimulate the economy in his next rate call? Source: https://www.scotiabank.com/content/dam/scotiabank/sub-brands/scotiabank-economics/english/documents/insights-views/2020-01-27_IV.pdf

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