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Fixed or variable rate?
Take the quiz to find out which option is best for you Whether this is your first mortgage, your mortgage is soon due for renewal or you are thinking of refinancing; choosing an interest rate and...
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What is the benefit of getting a pre-approval?
The government has made a number of changes to the mortgage rules over the past few years which have made a significant impact to the mortgage market landscape. I have found one of the major...
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Mortgage fact or fiction?
A mortgage is not a subject we learn about in high school, although I wish it was. Credit, interest rates and qualifying for a mortgage will affect your lifestyle going forward, however, where is one...
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Should I rent or buy? Take the quiz now
All you have to do is write down the letter that best describes your current financial situation and then count how many of each letter you have. The letter that you have the most of will correspond...
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7 mortgage mistakes you can avoid in 2016
With the recent announcement of another mortgage rule change, we have been getting borrower inquiries about how this will affect potential financing options. The new minimum 10% downpayment requirement...
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6 ways a mortgage is like a relationship
Many years ago, every date had a chaperone. Today, though a chaperone is no longer required, some of us still like to have input from friends and family as to how suitable a potential partner is for...
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Divorce? Separation? Common-Law splitting up?
Here is what will happen with the mortgage If you have financed a home with a sibling, partner or spouse, common law or married, and have decided to part ways; read on. Based on my experience, the...
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2016: Time for a mortgage check-up
Welcome to 2016! Looking back on the last year, we’ve seen mortgage rates remain relatively unchanged, home values stayed steady and a new mortgage rule change was announced with its debut happening in...
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Mortgage insurance changes: Downpayment
You may have already heard about the upcoming rule change affecting the minimum downpayment on insured mortgages. I want to break it down so it’s clear how this new change affects your current and...
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First Time Home Buyers: 10 Tips You Need To Know
When you’re buying and financing your first home, usually it’s the big stuff like income, downpayment and credit that can cause the most anxiety. As a result, the small stuff can sometimes get...
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How great is your credit score?
Your credit report is a vital part of your financial profile. Not only is it used to determine if you qualify for the best mortgage rates, it’s also used by landlords and new employers to evaluate your...
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Is a second mortgage right for you?
I don’t mean a second mortgage as in getting a mortgage on a second property; in this case I’m talking about a 2nd mortgage behind an existing 1st mortgage secured against the same property. Second...
View ArticleThis or that? Making mortgage decisions easier.
We often receive inquiries from potential borrowers looking for some tips about navigating through all of the mortgage options available to them. We usually start out with a discussion about their...
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How long should your mortgage term be?
Getting a mortgage is likely one of the largest debts a borrower will take on in a lifetime and choosing the right mortgage term, type and length is a crucial step in the financing process whether it’s...
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Buy and renovate right away
You find the perfect neighbourhood you want to live in and everything you need is close by, but you just can’t find the perfect home for you and your family. One has an awful looking bathroom, another...
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Alternative Lending 101
If you’re thinking of getting a mortgage, like most, you’ve likely done some research to see what’s required in order to be approved. But what happens if you don’t meet ALL of the requirements? Welcome...
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How to finance a rural property
I once heard it’s a rural property if you can stand naked on your porch without the cops being called. If you are thinking of financing a rural property, the mortgage process varies slightly from that...
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Revenue Properties
Whether this is your first revenue property purchase or your fifth, it’s always helpful to know what to expect when it comes to financing. This week, I’m going to briefly detail what you need to know...
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Which city can you afford to live in?
The average home price varies significantly between Canadian cities. I’ve picked 10 cities and have detailed how much you need to earn annually to qualify for the purchase of an average priced property...
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