Making sense of the new best mortgage rates
Broker vs. Bank / Downpayment / Lenders / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rules

Making sense of the new best mortgage rates

Gone are the days when making a large down payment means you are rewarded with best mortgage rates due to recent Federal Government rule changes. What?!?! Prudent savers are now being charged higher, not lower rates! Read on to find out if you should buy now with a minimal down payment or keep saving. Within … Continue reading

7 Mortgage mistakes you should avoid in 2016
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / Market Updates / Mortgage Renewal / Pre-Approvals / Purchase / Qualifying / Refinance

7 Mortgage mistakes you should 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 for properties with a purchase price of over $500,000 will not affect the majority of new borrowers unless you are buying in the higher priced property … Continue reading

Should You Buy Your First Rental Property?
Downpayment / Lenders / Purchase / Qualifying / Rates & Terms / Rental Properties

Should You Buy Your First Rental Property?

  TAKE THE QUIZ NOW Alberta is a hot spot these days, leading the way in real estate and dominating the news as an appealing oasis for foreign investors. We have lots of space, our vacancy rates are low, a new arena is going in and new housing starts are strong. I wouldn’t be surprised if … Continue reading

The 5 C’s of Credit
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / Purchase / Qualifying / Refinance

The 5 C’s of Credit

How do you look on paper? When it comes to borrowing money, we’ve come a long way from just a handshake to seal the deal. Now there’s an application process, which includes meeting the qualifying guidelines, understanding any terms and conditions, paperwork to sign, and more that goes along with getting approved for financing. Are … Continue reading

Financing a Rental Property
Broker vs. Bank / Credit / Documents / Downpayment / Insurance / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Financing a Rental Property

5 Things you need to know When it comes to residential mortgage financing, I always ensure I have the answer to this very important question before going any further into the conversation. Is the property going to be your principle residence that you owner occupy or is it a rental property, also known as a … Continue reading

Credit / Downpayment / First Time Home Buyer / Income / Lenders / Mortgage Renewal / New to Canada / Pre-Approvals / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties / Rules / Variable Interest Rates

Which Rate Is Right For You?

Picking an interest rate and mortgage term that is right for you can be a daunting task for some. First you have to decide if you want to take a fixed or variable interest rate, then you need to determine what term length suits you best. In addition to that, you then choose between a … Continue reading