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My Rates

6 Months 3.10%
1 Year 2.99%
2 Years 3.29%
3 Years 3.54%
4 Years 3.64%
5 Years 3.29%
7 Years 4.14%
10 Years 4.54%
6 Months Open 6.70%
1 Year Open 6.00%
*Rates subject to change and OAC
Ralph Mattsson AMP Mortgage Advisor

Ralph Mattsson AMP

Mortgage Advisor


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141 Torbay Road, St. John's, Newfoundland and Labrador

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It PAYS to shop around.

Many Canadian homeowners pay too much for their homes because they are not getting the best mortgage financing available in the market.

The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier.

But I’m here to help!

I’m a VERICO Mortgage Advisor and I’m an independent, unbiased, expert, here to help you move into a home you love.

I have access to mortgage products from over forty lenders at my fingertips and I work with you to determine the best product that will fit your immediate financial needs and future goals.

VERICO mortgage specialists are Canada’s Trusted Experts who will be with you through the life of your mortgage.

I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal. So whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m the VERICO Mortgage Advisor who can help you get the right financing, from the right lender, at the right rate.


BLOG / NEWS Updates

Increase in residential mortgages extended by non-bank lenders

The value of residential mortgage loans extended by non-bank lenders grew by 25.4% to $41.1 billion in the second quarter of 2019. The total number of extended residential mortgages also increased during the quarter to 166,482an increase of 34.1%. Mortgages extended during the second quarter of 2019 represented 12.6% of the total value and 9.8% of the total number of outstanding residential mortgages. The average value of mortgages extended during the quarter was $246,802, down 6.5% from the previous quarter, as the number of mortgages extended grew at a faster rate than the value. Increased sales in key housing markets of condominiums and townhouses, which are often more affordable than other property types, could be responsible for the lower average mortgage value. Although the majority of mortgages extended by non-bank lenders was uninsured, insured mortgages grew faster (+33.0%) than uninsured mortgages (+19.6%) in the second quarter of 2019. In terms of number of mortgages, both insured and uninsured mortgages extended posted growth above 30% (+34.9% and +33.5%, respectively). Source: https://www150.statcan.gc.ca/n1/daily-quotidien/200128/dq200128c-eng.htm

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.

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