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Alberta
Robert McLaughlin Sr. Mortgage Professional

Robert McLaughlin

Sr. Mortgage Professional


Phone:
Address:
2316 6 Street NE, Calgary, Alberta

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“We Build Partnerships That Deliver Trusted Financial Solutions” 

 

Welcome to my Website! 

 

My name is Robert McLaughlin and I am a Sr. Mortgage Professional with Verico CML Canadian Mortgage Lender. I work hand in hand with my business partner Chris Stewart who is also a Sr. Mortgage Professional with CML Canadian Mortgage Lender. Combined we have 60 years’ experience in the Financial Services Industry that includes 30 years as Licensed Mortgage Professionals. While we work for our clients, we offer them mortgage financing that meets their current needs and builds the foundation to encompass their ever-changing life and financial strategies. 

 

We provide our clients a choice, through our extensive lender network, and work daily within the Prime, Alternative and Private Mortgage Segments to secure the best available products. This enables us to deliver un-biased navigation of rates, terms and mortgage products, while working as partners with our clients to ensure that they are educated on the financing process.  

 

Here are some examples of mortgage financing that we can do: 

 

Pre-Qualify                                      Purchase                                  Builds & Draws                            Purchase + Improvements 

Spousal Buyouts                            Refinances                               Debt Consolidation                     Equity Take Outs 

Second Mortgages                        Combination Mortgages        Reverse Mortgages                     Interest Only 

 

Whether you have challenges with income, bruised credit, current or former bankruptcy, owe income taxes or GST or have no challenges at all, we have great products and rates that can maximize your mortgage and financial strategies. 

 

Contact us today and let’s talk. 

 

 


BLOG / NEWS Updates

Record December caps record year for Canadian home sales

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in December 2020. Home sales recorded over Canadian MLS Systems jumped by 7.2% between November and December to set another new all-time record. Seasonally adjusted activity was running at an annualized pace of 714,516 units in December 2020 the first time on record that monthly sales at seasonally adjusted annual rates have ever topped the 700,000 mark. The month-over-month increase in national sales activity from November to December was driven by gains of more than 20% in the Greater Toronto Area (GTA) and Greater Vancouver. Actual (not seasonally adjusted) sales activity posted a 47.2% y-o-y gain in December the largest year-over-year increase in monthly sales in 11 years. It was a new record for the month of December by a margin of more than 12,000 transactions. For the sixth straight month, sales activity was up in almost all Canadian housing markets compared to the same month in 2019. For 2020 as a whole, some 551,392 homes traded hands over Canadian MLS Systems a new annual record. This is an increase of 12.6% from 2019 and stood 2.3% above the previous record set back in 2016.

Mortgage Deferral Agreements and Their Impact

CMHCs Fall 2020 Residential Mortgage Industry Dashboard discusses mortgage deferral agreements and their impact. At the end of the second quarter, credit unions, mortgage finance companies (MFCs) and mortgage investment entities (MIEs) have allowed mortgage deferral agreements for about 6%, 7% and 7% of their respective residential mortgage portfolios. Chartered banks have allowed 16% of mortgages to go into deferral since the beginning of the pandemic. Of these, close to 2 out of 3 borrowers had resumed payments on their mortgages at the end of the third quarter of 2020. In the coming months, we could see higher delinquency rates if some borrowers are unable to resume their payments; these mortgages will have to be booked as arrears. These deferral agreements have affected financial institutions cash flows, with reductions of: 4% in scheduled mortgage payments 3% in non-scheduled payments (accelerated monthly payments and lump-sum payments) While remaining at low levels, mortgages in arrears (90 or more days delinquent) have increased slightly between the first and second quarters of 2020 from: 0.24% to 0.26%, on average, for chartered banks 0.23% to 0.25%, on average, for non-bank mortgage lenders We also observe an increase in early-stage delinquencies (31 to 59 days and 60 to 89 days), which suggests that arrears could continue on an upward trend. Source: CMHC

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