Broker vs. Bank / Documents / Downpayment / First Time Home Buyer / Income / Lenders / Market Updates / Mortgage Renewal / New to Canada / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

How To Pick A Mortgage Type

Whether your mortgage is up for renewal, you’re thinking of refinancing or this is your first mortgage; 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 … Continue reading

Should I Refinance Right Now?
Broker vs. Bank / Credit / Documents / Lenders / Market Updates / Mortgage Renewal / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties

Should I Refinance Right Now?

If you’ve been thinking about your monthly debts or mortgage payments lately, it may be time to refinance your mortgage.  Rates are low and Edmonton is a booming market so home values are up a bit.  If you’re unsure if it’s worth it to revamp your current mortgage, a review of your existing mortgage details … Continue reading

10 Things You Need to Know About Second Mortgages
Credit / Documents / Lenders / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

10 Things You Need to Know About Second Mortgages

I don’t mean second mortgage as in getting a mortgage on a second property; in this case I’m talking about a 2nd mortgages behind an existing 1st mortgage for the same property.  Second mortgages aren’t for everyone so I’m going to highlight what I think are the top 10 things you should know about them … Continue reading

Bankruptcy / Broker vs. Bank / Credit / Lenders / Market Updates / Mortgage Renewal / Purchase / Qualifying / Refinance

Mortgage Product Update

The mortgage market is an ever changing landscape and that is evident by the multiple rule changes announced over the past few years.  It pays to know all the options available to you before deciding which route is best suited to meet your specific needs. While some of the tips below are not meant for … Continue reading

Debts / Market Updates / Mortgage Renewal / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

How Do You Compare?

Here is some interesting survey information* about our current mortgage market in Canada, how do you compare to your country counterparts? Mortgage Types & Amortization Periods Mortgage Types for Recent Purchasers: 66% chose Fixed Rate Mortgages 28% chose Variable Rate Mortgages 6% chose Combination Mortgages or other Niche Products Amortization Periods for Recent Purchasers: 60% … Continue reading