MORTGAGE FINANCING IN A COMPETITIVE HOUSING MARKET
February 24th, 2021
Canada is an interesting place to buy a property right now. If you’ve paid attention to the media at all over the last few weeks, you’ve probably heard that… [read more]
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USING YOUR RRSP FOR A DOWNPAYMENT THROUGH THE HBP
February 17th, 2021
As the March 1st, 2021 RRSP deadline approaches for the 2020 tax season, if you have money saved for a downpayment but you’re not quite ready to buy a home, here’s a little strategy that might interest you. Did you know that you can use the money saved in an RRSP as a downpayment? It’s called the Home Buyers’ Plan, or HBP for short. [read more]
5 THINGS YOU NEED TO KNOW BEFORE YOU CO-SIGN A MORTGAGE!
February 11th, 2021
So you’re thinking about co-signing for a mortgage? Okay, do you really know what that means do you know what you are getting yourself into? Co-signing isn’t necessarily a bad thing, but there is certainly a lot of misinformation floating around on the subject. Although its nice to be in a position to help someone close to you qualify for a mortgage, It’s not a decision that should be made lightly. Co-signing on a mortgage could have a significant impact on your future. [read more]
PLANNING AHEAD TO GET THE BEST TERMS ON RENEWAL!
February 3rd, 2021
If your mortgage term is almost up for renewal, there’s a good chance you’ll be pleasantly surprised with the low-interest rates available on the market today. While the pandemic has caused a lot of economic uncertainty, the result has been very low interest rates. In fact, the Government of Canada has indicated that rates will most likely stay low until 2023. [read more]
6 REASONS TO REFINANCE YOUR MORTGAGE
January 27th, 2021
Is now a good time to refinance your mortgage? Well, maybe! Interest rates are very low right now, and according to the bank of Canada, they will most likely remain low until at least 2023. So while everyone has different reasons to access their home equity, to a maximum of 80% of the property value, here are 6 reasons refinancing your mortgage might make sense to you. [read more]
BANK OF CANADA RATE ANNOUNCEMENT JAN 20TH, 2021
January 20th, 2021
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance [read more]
WILL COLLECTIONS IMPACT YOUR MORTGAGE?
January 14th, 2021
A question that comes up from time to time when discussing mortgage financing is, “If I have collections showing on my credit bureau, will that impact my ability to get a mortgage?” And as the answer might have a broader application than what you might initially think, it’s worth spending a little time discussing. [read more]
WAYS TO TAKE CONTROL OF YOUR FINANCES IN 2021
January 6th, 2021
The beginning of a new year is an ideal time to review your finances. Hopefully, with the wild ride of 2020 behind us, 2021 is a time we can all move forward. Regardless of where you’re at financially or your financial goals, here are four areas to consider as you take control of your finances in 2021. [read more]
NEW CONSTRUCTION ASSIGNMENT
January 4th, 2021
One of the benefits of working with an independent mortgage professional is having lots of great financing options! Rather than dealing with a single lender who has one set of products, brokers work with multiple lenders who offer a wide selection of mortgage financing options. [read more]
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