Mortgage Blogs – Tips & Tricks.
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Summer Mortgage news
We’re halfway through the summer months and mortgages may not be on the top of your mind these days, but there has been some Summer Mortgage News. Bank of Canada governor, Stephen Poloz, recently...
Bank of Canada overnight rate now at 1.5%
As we predicted in June, the Bank of Canada announced last week that they’re raising their overnight rate to 1.50%, up 1/4 of a percentage point from the previous 1.25% and the highest it’s been in...
Renovate Your Home This Summer
With home price increases over the years, more Canadians are taking advantage of the equity they’ve built up in their homes and using it to renovate. This can make a lot of sense for families who...
Benefits of a Mortgage Broker
So you’re considering buying a new place? Great! Here is some tried, tested, and true advice that you can use along the way. Regardless of how many homes you have owned in the past, how good your...
6 People who Think you Should use a Mortgage Broker
We’ve discussed several times various reasons why when buying your first home (or any home for that matter), it’s wise to use a mortgage broker. But you don’t have to take our word for it. Here are...
5 Types of Mortgage Products Available
The right mortgage product means something different to everyone. It could mean negotiating the best payment, finding a unique mortgage product, or getting you the mortgage terms that best suit your...
3 things you should know about home inspections
Last week, we discussed the importance of home appraisals when purchasing a new home. We discussed how they differ from home inspections, but didn’t go into detail regarding what home inspections...
Home Appraisals: What You Should Know
One of the most important steps to take when buying a home is to get the potential new home appraised. Appraisers are certified, licensed professionals who determine the real value of a property....
5 things to keep in mind before buying a rental property
Congratulations on your decision to invest in a rental property. It’s a big step that comes with challenges and rewards. Here are 5 things to keep in mind when looking for an ideal property. 1....
Pros & Cons of Variable Rate Mortgages
A variable-rate mortgage is pretty much what it sounds like: a mortgage with a interest rate that varies. Whereas a fixed rate stays constant throughout the term of your mortgage, a variable rate...
