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Category: Mortgage Tips & Advice (16 posts)

  • May 2, 2017 @ 8:59 AM
  • Posted by Tracy Bennett

Signs You're Ready for Home Ownership:

If you have always lived in a rental and dreamed of becoming a homeowner, you may not have the information to make that dream a reality. There are seven signs to help you determine if you’re rea

  • May 2, 2017 @ 8:30 AM
  • Posted by Tracy Bennett

Mortgage Portability: The Right Option for You?

Have all of your kids left the nest, leaving you with too much house? You might want to consider your mortgage options. Would you benefit from downsizing but want to avoid the hassle of another mortga

  • November 3, 2016 @ 3:11 PM
  • Posted by Tracy Bennett

Facts: The New Mortgage Rules in Canada

  The Government of Canada’s New Mortgage Rules took affect October 17, 2016. Mortgages have become more difficult to obtain. Here are some details on the changes: There is a new &ldquo

  • March 14, 2016 @ 11:09 AM
  • Posted by Heather Maitland

Tax Tips for 2016

It’s that time of year again, spring is coming and so is Tax Season. It is best to consult an accountant to get tax advice, but here are some things to consider:   Married couples as well

  • April 21, 2015 @ 9:42 AM
  • Posted by Tracy Bennett

Mortgage Rule Update: How Will OSFI B21 Impact You?

If you are buying a house and are putting less than 20% down, then you are financing a high ratio insured mortgage. This means that your mortgage and lender have to comply with the new government rule

  • April 21, 2015 @ 9:39 AM
  • Posted by Tracy Bennett

Do you need a Personalized Paydown Plan for your Holiday Bills?

Most Canadians suffer with their highest personal debt load in January, when the “holiday hit” arrives and your credit card statements let you know just how much you spent on the festive s

  • April 21, 2015 @ 9:34 AM
  • Posted by Tracy Bennett

Why Credit and Credit Scores are Important

Your credit report and credit score are ways of keeping track of and evaluating how you use credit. First, some definitions: Definitions • A credit report is a report based on your credit histor

  • April 21, 2015 @ 9:23 AM
  • Posted by Tracy Bennett

Mortgage Insurance, How the Increases will Affect the Mortgages after May 1, 2014

CMHC and Genworthwill increase their mortgage loan insurance premiums for homeowners and 1-4 unit rental properties effective May 1, 2014. The increase applies to mortgage loan insurance for owner

  • April 21, 2015 @ 8:59 AM
  • Posted by Tracy Bennett

Why a Mortgage Broker is Your Best Option

Whether it’s your first time or your fifth time, shopping for a mortgage can often be confusing and even frustrating. Besides, who really has the time to research and compare mortgage lenders

  • April 21, 2015 @ 8:57 AM
  • Posted by Tracy Bennett

FIve Ways to Prepare for Higher Mortgage Rates:

Five Ways to Prepare for Higher Mortgage Rates: Mortgage rates on the rise? No need to panic; what you need is some smart strategies to prepare. Here are our top 5 tips: 1. Don’t tak

  • April 21, 2015 @ 8:53 AM
  • Posted by Tracy Bennett

Spousal Separation Program: Finance up to 95% of home value to buy out spouse.

Family structures in Canada are changing as separation and divorce are on the rise. The mortgage industry has had to make changes in order to keep up with the realities of Canadian lives.  The go

  • April 21, 2015 @ 8:43 AM
  • Posted by Tracy Bennett

Purchase Plus Improvements Mortgages

Have you ever said “what a beautiful home with a great piece of property, too bad the kitchen is outdated? Well you are in luck! There is a program that opens the door for you to get into the

  • April 21, 2015 @ 8:36 AM
  • Posted by Tracy Bennett

RRSP's VS. Mortgage Prepayment

It is RRSP season and most institutions across Canada are trying to attract as much of your money as they can.  The will offer a wide range of investments to meet your every need; but are they lo

  • April 21, 2015 @ 8:33 AM
  • Posted by Tracy Bennett

TD Takes Heat for its Collateral Mortgages

TD Takes Heat for its Collateral Mortgages Collateral charge mortgages got more bad press on Friday after CBC’s Marketplace ran a report we posted to our website. The gist of it is that collat

  • April 21, 2015 @ 8:32 AM
  • Posted by Tracy Bennett

Busting the Banks - CBC Marketplace reveals sneaky bank fees

Check out the video below as CBC Marketplace reveals sneaky bank fees. Click here to view video.

  • April 21, 2015 @ 8:20 AM
  • Posted by Tracy Bennett

Canadian home sales down in August

Canadian home sales down in August Mon, 09/17/2012 - 09:05 Ottawa, ON, September 17, 2012 - According to statistics released today by The Canadian Real Estate Association (CREA), national resale ho

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