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

Mortgage Market Update
Credit / Documents / Insurance / Lenders / Market Updates / Mortgage Renewal / New to Canada / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Mortgage Market Update

There are numerous news articles about the national economy published on a regular basis which means you always have access to information about the Canadian market as a whole. This week I want to summarize some predictions that are applicable to our local economy here in Alberta only. I believe that we’re sort of an … Continue reading

Broker vs. Bank / Credit / Documents / Insurance / Lenders / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Splitting up or Divorce?

What happens 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 most stressful issue in a relationship breakdown is what to do about the jointly owned home and mortgage. Over the years … Continue reading

Credit / Documents / Lenders / Market Updates / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance

Mortgage Rule Changes: A year later

Then, Now & How  July 2013 marked the 1-year anniversary on Minister of Finance Flaherty’s fourth round of mortgage rule changes in as many years. The motivation behind the rule changes were likely to reduce our exposure to a possible housing market bubble and also to reign in a growing consumer debt trend. At the … Continue reading

Broker vs. Bank / Documents / Mortgage Renewal / New to Canada / Purchase / Qualifying / Refinance / Rental Properties

All about appraisals

Alberta Mortgage Frequently asked Questions 1. What is an appraisal? An appraisal is an unbiased estimate of what a buyer might expect to pay (or a seller to receive) for a parcel of real estate. It is basically an analysis of sold properties around your area to determine the value of your home right now. … Continue reading

Debts / Documents / Mortgage Renewal / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Refinancing your mortgage

A REFINANCE is when a borrower pays out an existing mortgage with a new mortgage. People who refinance tend to do so to get a lower interest rate, lower their payments or to take cash out using equity in their home. You may be doing this at the renewal date when the mortgage is fully … Continue reading

Broker vs. Bank / Credit / Debts / Lenders / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Home Equity Line of Credit

A HELOC (home equity line of credit) offers a flexible way to borrow money and like a traditional mortgage with the equity in your home is used as collateral. What are the differences between a Home Equity Line of Credit and a mortgage? A HELOC is fully open and can be paid in full at … Continue reading