Category: Mortgages
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Should I Switch to a Fixed Rate Mortgage?
Don’t Be in a Hurry to Ditch Your Variable Rate Just Yet. The Bank of Canada’s interest rate increase of 0.5% — the largest single rate increase in decades – may have sent variable rate mortgage holders into a panic. We’ve already had many clients contact us, asking what rates are likely to do in…
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Renting vs Buying – What You Need to Know!
When it comes to the Canadian housing market, there are lots of options for where to live! From renting an apartment to owning a single-family home, it all comes down to where you see yourself living and what you can afford! The beauty is, there is no right or wrong answer when it comes to…
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First Time Home Buyer Guide
Being on the path to purchasing your first home is one of the most exciting and most rewarding moments in life! While people don’t always dream of the perfect mortgage, we do grow up thinking of a white picket fence and our dream home. Even if you imagined your dream home as a 6-bedroom mansion,…
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How to Save With a Variable Mortgage
When it comes to mortgages, the age-old question remains: “Should I go with a variable or fixed-rate?”. To make an informed decision, it is important to look at the type of buyer and the historical trends.
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Refinancing Your Home
One of the best parts about life is that it is ever-changing. This is one of the reasons that mortgages are available on short-term contracts (such as the standard 5-year) so that you can adjust your mortgage over time to best suit your needs. However, in some cases you cannot wait until the term is…
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Renewing your mortgage
Did you know? Close to 70 percent of mortgages never make it to the end of their term! This means that, for a variety of reasons, homeowners are ending their mortgages early. However, that still leaves a solid 30 percent of home buyers who keep their mortgage until the term is up and it is…
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A quick guide to your best short-term financing options
Short-term financing – credit or loans that are designed to be paid off in a short period of time – can be a useful financial tool in a variety of different situations, such as:
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How to Sell Your Home Virtually
In the time of COVID, another obstacle has been added to the process of selling your home: being unable to have potential buyers physically visit your property. Even if you are able to invite people inside, the rules and restrictions can turn off potential buyers from visiting. Luckily, we also live in an era when…
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What Are My Options if the Bank Says No?
There’s Always an Alternative. When it comes down to getting approved for a mortgage, there are a lot of factors and not everyone will qualify. But many of you might be asking “what are my options if the bank says no?“ When conventional lenders (such as banks or credit unions) deny mortgage financing, it can…
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10 Mortgage Mistakes
Whether it is your first house or you’re moving to a new neighborhood, getting approved for a mortgage is exciting! However, even if you have been approved and are simply waiting to close, there are still some things to keep in mind to ensure your efforts are successful.