7 Signs a line of credit is right for you
Credit / Debts / Downpayment / Income / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Rules / Variable Interest Rates

7 Signs a line of credit is right for you

I was speaking with a friend who recently switched over from a mortgage to a line of credit product; she was surprised she hadn’t done it sooner. It got us talking about the differences between the typical mortgage product and a home equity line of credit. While both have advantages, the line of credit can … Continue reading

How long should your mortgage term be?
Lenders / Mortgage Renewal / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Variable Interest Rates

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 your first or fourth home. Maximize homeowner happiness by choosing a mortgage term that is affordable and suits … Continue reading

This or that? Making mortgage decisions easier
Documents / Downpayment / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Variable Interest Rates

This 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 specific mortgage requirements and home ownership goals, as nothing replaces a custom solution. If they are not really sure what their requirements or goals … Continue reading

Fixed or variable rate?
Credit / Debts / Downpayment / First Time Home Buyer / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

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 mortgage term that is right for you can be a daunting task for some. You have to decide if … Continue reading

Getting A Mortgage In 2015
Credit / Documents / Downpayment / Income / Lenders / Market Updates / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Getting A Mortgage In 2015

We are halfway into the month of January and the 2015 predictions have come out, so what does the New Year hold for the mortgage market? Let’s take a look at what’s on the radar regarding prices, interest rates and what the lenders are thinking about going forward. Knowing what to expect can be helpful … Continue reading

5 Things That Make a Mortgage Payment Great
First Time Home Buyer / Lenders / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Variable Interest Rates

5 Things That Make a Mortgage Payment Great

Qualifying for a mortgage is not what most homebuyers consider the most exciting part of the purchasing process so the quality of the mortgage payment may not be high on the usual list of priorities. I’m happy to share what I think are the 5 characteristics of a great mortgage payment, especially for the first … 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

Debts / Downpayment / First Time Home Buyer / Insurance / New to Canada / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

This or That

Deciding is hard, here’s help! We often receive inquiries from potential borrowers just looking for some preliminary pointers about all of the mortgage options available to them. We usually start out with a discussion about their specific mortgage requirements and home ownership goals as nothing replaces a custom solution. However, if they are not really … 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

Mortgage Renewal / New to Canada / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Fixed Rate vs. Variable Rate

It’s the age-old question that every mortgage professional will hear many times in their career. With the exception of the last year or so when fixed rates were at an all time low, I have always preferred variable rate terms over fixed.  And given the recent significant increases in the fixed term rates I am … Continue reading