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Is Now The Time to Get a Variable Rate Mortgage

Something strange has been happening on the mortgage front. While the big banks have been hiking interest rates on their fixed mortgages, the interest rates on variable mortgages has been going down. ...

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Should I Consider a Mortgage from a Private Lender?

Homeownership is a source of pride among many Canadians. But what do you do when your ability to purchase or stay in your home is compromised by little or poor credit? Sometimes the answer is to go to...

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Mortgage Advice for First Time Home Buyers

Not gonna lie – buying your first home is kind of a big deal. It’s both exciting and scary. There is a huge sense of accomplishment when you are finally ready to invest in a home of your o...

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Five Reasons to Get a Mortgage Preapproval

When you are finally ready to purchase your first home it can be incredibly exciting. You imagine the type of neighbourhood you want to live in, how you are furnish the living room, and maybe where yo...

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Five Things to Consider Before You Refinance

Refinancing your mortgage can be a great strategy when you need to consolidate debt or gain access to extra cash – but it can also be an expensive strategy if not handled in the right way. Also,...

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Get Ready for Higher Interest Rates

According to some analysts, the Bank of Canada will likely raise interest rates when it meets on July 11th. If it does, this will mark the fourth hike in a 12 month period. For Canadian consumers, thi...

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Poll Shows Canadians Are Divided on Fixed vs Variable Rate Mortgages

According to a recent poll by CIBC, Canadians are divided over whether they would choose a fixed or variable rate mortgage if their mortgage was up for renewal today. Even though 72% of respondents sa...

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The Bank Turned Me Down for a Mortgage... Now What?

The prospect of owning a home is an exciting one. You imagine how you will decorate and furnish your new place. Perhaps you entertain thoughts about having summer barbeques with the neighbours or curl...

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Good News for Entrepreneurs! It’s About to Get Easier to get a Mortgage

Business owners are important to our economy. Not only do they provide goods and services that make our lives easier, but they also create jobs and spur innovation. It’s frustrating therefore to...

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How to Make a Private Mortgage Work for Everyone

A private mortgage can seem like a perfect solution if you have been turned down by a traditional bank. Or maybe you are considering offering a private mortgage because it seems like a good way to hel...

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Tips to Help You Prepare Before You Apply for a Mortgage

Whether you are getting ready to make your very first house purchase or whether you are looking into other mortgage tools such as refinancing, second mortgages or reverse mortgages, you want everythin...

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Five Crazy Reasons You Might Get Turned Down for a Mortgage

Imagine. You are good with your money. You have a good job. And somehow, your mortgage application still ended up in the “reject” pile. Sadly, this situation is more common than ...

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What Happens at Mortgage Renewal Time?

Remember when you got your very first mortgage? At the time you were probably really excited about finally becoming a home owner. And the farthest thing from your mind was your mortgage renewal. But b...

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Is a Reverse Mortgage Right for Me?

Many homeowners in Canada who are age 55 or older are opting for a financial product called a reverse mortgage. A reverse mortgage is essentially a loan that lets you take advantage of some of the equ...

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Can a Home Equity Line of Credit Help Me Buy a Piece of Paradise?

As summer comes to an end, it is common for sun-lovers to dream of how they might extend the summer lifestyle or even start thinking about their own retirement on the sunny shores of Mexico or Costa R...

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Is Getting a Mortgage Debt Consolidation Loan a Good Idea?

It is no secret that many Canadian households struggle with consumer debt. If you live in one of these households, then you may be considering using your mortgage (or more accurately, your home equity...

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Is Rent to Own a Good Solution?

Most Canadians have probably heard the term “rent to own” but are likely unfamiliar with exactly what it means or how it works. While this type of arrangement is fairly common in the U.S.,...

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Common mistakes that people make when they apply for a mortgage

Shopping for a home can be an amazing experience, it is both extremely exciting and exhilarating to become a homeowner. The process however can be exceptionally daunting especially for first time home...

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It just got easier for entrepreneurs to get a mortgage!

Are you a relatively new entrepreneur? If you are, you may have discovered that getting approved for a mortgage – or switching lenders in the case of a mortgage renewal – hasn’t been...

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Can a mortgage broker save you money?

With interest rates on the rise and the cost of living going up, we as Canadians are taking deals wherever we can find them. Perhaps you have taken to coupon clipping or shopping around for a better p...

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Are variable rate mortgages still a good choice or should you lock in your rate?

Since July of 2017, the Bank of Canada has raised interest rates four times going from 0.5% to 1.5% and there is speculation by many economists that we can expect to see at least one more hike before ...

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Is refinancing a good way to get out of debt?

Whew! Where has the summer gone? Warm summer evenings, it seems have been traded for chilly fall nights, and before we know it the Christmas holiday season will be upon us. While the coming festive se...

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To rent or to buy... that is the question!

As a mortgage broker, many people come to me after they have made a decision to buy their first home. But before they come to see me, they often struggle with the question of whether it is better to b...

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Do These Five Things Before Renewing Your Mortgage

Once upon a time, homeowners actually looked forward to renewing their mortgage because they knew that they could negotiate a better rate and save themselves a bit of cash. But my how times have chang...

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