Applying for a mortgage entails sharing sensitive, private information about things like your income and net worth. At Orbis, we take our commitment to protecting your information and expediting your application extremely seriously. That’s why all of our brokers operate using EmPower vs Scarlett the...
At Orbis, your safety is our priority. We see the number of COVID-19 cases flaring again province-wide and we understand people’s concern with the situation. Rest assured that with Orbis’ 100% digital mortgage, it’s possible to obtain a mortgage without any in-person interaction. Digital Mortgage From the credit check to...
If you’re thinking about purchasing your first home, there are several things you can do to help ensure you’ll qualify for a mortgage. From having a stable income to understanding the costs of homeownership, doing your homework in advance of purchasing property will put you...
The fallout from COVID-19 has led many city dwellers to begin exploring their real estate options in more remote areas of the province. For many, living close to the city center was essential for work, but with numerous offices closed for the foreseeable future, homeowners...
Like any client-centric service industry, mortgage brokerage has a huge customer service component. At Orbis, it’s what drives everything we do. Our mortgage experts strive to constantly deliver the highest standard of care and professionalism to our clients, who we often go on to service...
On August 31 the Office of the Superintendent of Financial Institutions (OSFI) announced it will begin phasing out the payment deferral programs related to COVID-19 relief. Specifically, the OSFI stated it will begin phasing out special treatment of payment deferrals. What does this mean for mortgage holders?...
The Bank of Canada announced on August 13 that it was lowering the benchmark five-year mortgage rate to 4.79. This was the third cut to the rate since the beginning of the pandemic, easing a key stress test faced by borrowers. With low mortgage rates available...
Whether it’s your first condo, a family home, or an investment, buying property is an expensive undertaking. From the down payment and closing costs, to budgeting for monthly expenses, it takes a fair amount of financial planning and preparation, sometimes years in advance. Aside from...
While small to medium size businesses are often cited as the backbone of the Canadian economy, you might be surprised to learn that those business owners can sometimes struggle to obtain financing from A-lenders. That’s because self-employed individuals are often turned down by top-tier banks,...
With tightening lending regulations and a newfound degree of uncertainty surrounding the fallout from COVID-19, having a good credit score is more important than ever. This is especially true if you hope to buy a home in the near future. What is a credit score exactly?...
