7 11, 2024

Is It Time to Refinance? Signs You Could Benefit

By |2024-11-05T20:07:54+00:00November 7th, 2024|Categories: Home Owner Tips|Comments Off on Is It Time to Refinance? Signs You Could Benefit

Read Time: 3 Minutes Is It Time to Refinance? Signs You Could Benefit Mortgage refinancing can be a strategic move to lower monthly payments or access home equity. In 2024, with interest rates having dropped by over 1% and lower-than-usual penalties from [...]

4 07, 2024

Saving tips for a down payment for home

By |2024-07-03T19:18:10+00:00July 4th, 2024|Categories: Home Buyer Tips, Home Owner Tips|Comments Off on Saving tips for a down payment for home

Read Time: 3.5 Minutes Saving tips for a Down Payment for Home Saving for a down payment for home is a significant step in the journey to homeownership.  Whether you’re a first-time buyer or looking to upgrade, the process can seem daunting.  [...]

16 05, 2024

HELOC vs. Mortgage: Understanding the Differences and Choosing the Right Option

By |2024-05-16T18:39:02+00:00May 16th, 2024|Categories: Home Buyer Tips, Home Owner Tips|Comments Off on HELOC vs. Mortgage: Understanding the Differences and Choosing the Right Option

Read Time: 3.5 Minutes HELOC vs. Mortgage: Understanding the Differences and Choosing the Right Option When it comes to financing your home, you must understand the differences between a Home Equity Line of Credit (HELOC) and a mortgage.  Both tools are key [...]

7 03, 2024

3 Steps To Renew Your Mortgage Like A Pro

By |2024-03-04T18:34:58+00:00March 7th, 2024|Categories: Home Owner Tips|Comments Off on 3 Steps To Renew Your Mortgage Like A Pro

Read Time: 4 Minutes 3 Steps To Renew Your Mortgage Like A Pro Ever wonder how to rock mortgage renewal? These three steps will help you turn the renewal from burden to opportunity! Mortgage rates are higher than they've been for 15+ [...]

8 02, 2024

3 Factors That Determine Mortgage Qualification

By |2024-04-16T18:55:35+00:00February 8th, 2024|Categories: Home Buyer Tips, Home Owner Tips|Comments Off on 3 Factors That Determine Mortgage Qualification

Read Time: 4 Minutes 3 Factors That Determine Mortgage Qualification When a bank or lender is deciding how much money they will lend you, they look at 3 pieces of information. As a borrower, these are the 3 things you can control [...]

13 12, 2023

Can you extend your mortgage amortization?

By |2023-12-22T20:21:41+00:00December 13th, 2023|Categories: Home Owner Tips, Mortgage Strategy|Comments Off on Can you extend your mortgage amortization?

Can you extend your mortgage amortization? Recent inflation numbers indicate that inflation is slowing, and many economists are saying that the most recent drop in the inflation rate will give the Bank of Canada the slack that it needs to hit pause on [...]

10 11, 2023

Is Renewing Your Mortgage the Same as Refinancing?

By |2023-12-22T20:29:36+00:00November 10th, 2023|Categories: Home Owner Tips|Comments Off on Is Renewing Your Mortgage the Same as Refinancing?

Is Renewing Your Mortgage the Same as Refinancing? As a homeowner, you may have come across terms like mortgage renewal and refinancing, and asked yourself is renewing your mortgage the same as refinancing? While both these terms are related to your mortgage, they are [...]

12 06, 2023

Renewing in a higher-rate environment

By |2023-12-21T01:48:29+00:00June 12th, 2023|Categories: Home Owner Tips|Comments Off on Renewing in a higher-rate environment

I've been getting a lot of questions lately about mortgage renewals – not surprising, given the steady rise of mortgage rates over the last couple of years. People with mortgages renewing in 2023 and even 2024 are justifiably concerned about what their new mortgage [...]

2 06, 2022

How rising rates can affect your mortgage

By |2023-12-21T01:50:53+00:00June 2nd, 2022|Categories: Home Owner Tips|Comments Off on How rising rates can affect your mortgage

How rising rates can affect your mortgage The one-two-punch of supply chain issues and the war in Ukraine has pushed inflation in Canada to its highest level in 30 years and spurred the Bank of Canada to move toward a tighter monetary policy. On [...]

2 03, 2022

Higher interest rates are here. What does that mean for you?

By |2023-12-21T01:53:48+00:00March 2nd, 2022|Categories: Home Owner Tips|Comments Off on Higher interest rates are here. What does that mean for you?

Higher interest rates are here. What does that mean for you? The Bank of Canada has been signalling for a while now that they will respond to inflation by raising interest rates. Sure enough, on March 2nd they announced a hike in the overnight [...]