MORTGAGE TIPS & TRICKS.
LEARN FROM THE MORTGAGE EXPERTS!
The Big Difference between a Pre-approval and a Mortgage Calculator
With both mortgage calculators and pre-approval applications available online, figuring is better can be confusing. In fact, they serve two different purposes and in this blog post, we go over the pros and cons of both!
5 Reasons That Will Make You Choose a Mortgage Broker Over a Bank
In the past, people looking to buy a home would turn exclusively to the banks for their mortgage needs. But nowadays, banks are seeing more competition from mortgage brokers that can provide more flexible options.
Everything You Need to Know About an Alberta Mortgage
It’s been one of the most turbulent and strangest years of our lifetime. If you had a hard time keeping track of everything in the housing market, don’t worry! Here is everything to keep in mind when getting an Alberta mortgage in 2021.
Debunking the Mortgage Myths and How You Can Overcome Them
The first time you’re able to afford your own home, there’s a feeling exhilaration and joy. For many people, that excited feeling can also come along with a different type of giddiness caused by anxiety and uncertainty. At Mortgage Design Group Inc, we believe that...
Mortgages Are “Lowest in History”—But Can They Go Lower?
Since the start of the COVID-19 pandemic in Canada, Canadian mortgage rates are at an all-time low. Many homebuyers are now faced with the age old question: to buy or not to buy? For many Canadians, especially first-time homebuyers, this may seem like the perfect time...
4 Mortgage Predictions For 2021
Fixed and Variable rates will remain at all-time lows.In July this year, the Bank of Canada Governor Tiff Macklem said the following, “Interest rates are very low and they are going to be there for a long time. Canadians and Canadian businesses are facing an unusual...
CHIP Reverse Mortgage
Wouldn’t it be nice if you had the money to do more of the things you want to do? A CHIP Reverse Mortgage could be just what you need. It’s the simple and sensible way to unlock the value in your home and turn it into cash to help you enjoy life on your terms....
CMHC Announces Updates To Insurance Criteria Starting July 1, 2020
The COVID-19 pandemic is affecting all sectors of Canada’s economy, including housing. Job losses, business closures and a drop in immigration are adversely impacting Canada’s housing markets, and CMHC foresees a 9% to 18% decrease in house prices over the next...
Stress Test changes make qualifying for a mortgage easier
We’ve been hearing a lot of news lately that have made it a bit easier for Canadians to qualify for a mortgage, just in time for the spring market.
Bank of Canada drops interest rate by half a percentage point
For the first time in over a year, the Bank of Canada announced that they’re lowering their overnight rate, and it’s a doozy.
Interest: How Canadians can earn a 19% return on their money.
Most of us search for ways to put our hard-earned money to work. Sometimes, however. the simplest and best return for your family is sitting right in front of you.
February is a great time for a free pre-approval
CMHC expects to see “a recovery of housing activity in 2020 because of overall economic and demographic conditions and income growth.”
10 simple ways to winter proof your home
To protect your home and stay warm this winter, follow these 10 handy tips.
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