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Finance

Keep your haunted home safe

Oct 27, 2014 / 5:00 am

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s important to plan your home’s scary set-up with safety in mind. Decorations for special...

Big bank predicts rate hike

Oct 13, 2014 / 5:00 am

The end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. “Firming price pressures and strengthening labour markets are consistent with a gradual path to...

Power-save your way to a down payment

Sep 29, 2014 / 5:00 am

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find cheap accommodations instead of staying in a pricey hotel. Or stay home and...

Power-save your way to a down payment

Sep 15, 2014 / 5:00 am

Part 1 of 2 1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to maximize savings, which is difficult to do when you're paying the cost of rent in a big...

How much mortgage should you carry?

Aug 23, 2014 / 5:00 am

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage payment along with property taxes and heating costs not exceed 32% of your household income,...

VERICO: a decade later...

Aug 9, 2014 / 5:00 am

VERICO Canada celebrates its 10th year in business and makes strategic plans to compete and win in the next decade. As we come up to VERICO’s 10th year in business, we are pleased to announce that B2B Bank will be making an equity investment in Verico Financial Group. “This...

Take charge of your debt

Jul 26, 2014 / 5:00 am

Ways to reduce your Debt: Make a budget and get budget counseling A basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you must stick to it. When you follow a budget, you can take any extra money you have each month and put it toward...
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Mortgage payment difficulties

Jul 12, 2014 / 5:00 am

When unforeseen financial circumstances impact your ability to make regular mortgage payments, it’s important for you to take quick action. With early intervention, cooperation and a well executed plan, you can work together with your mortgage professional to find a solution to your financial...

Credit fitness: how to stay healthy

Jun 28, 2014 / 5:00 am

Many people worry about what their credit score looks like, especially if they have missed a payment or two, or worse, claimed bankruptcy. The truth is, credit agencies use several factors to determine your credit score. Understanding how credit agencies look at your credit is the first step in...

Tips on home maintenance & security

Jun 14, 2014 / 5:00 am

Once you’ve settled into your new home, you may start seeing things you’d like to change or repair. Maintenance, repair and renovations are a normal part of home ownership. Get to Know Your Home One of the best things you can do is get to know your home. Every adult member...

Why should I use a mortgage broker?

May 31, 2014 / 5:00 am

For most of us, our ideas about mortgages have been instilled by years of past experience with traditional products in traditional institutions. Long-held beliefs sometimes include the idea that mortgage brokers are only for people who have bad credit or were turned down by a bank. Unfortunately,...

Selecting the right mortgage planner

May 17, 2014 / 5:00 am

If you were investing the same amount of money you are considering borrowing right now, or have already borrowed, how would you choose your financial advisor? For me, and an increasingly greater number of Canadians, making a decision to choose a Financial Advisor is not about...

Home Buyer RRSP

May 3, 2014 / 5:00 am

RRSP Payment What is it? In February of 1992, the Canadian Federal Government introduced the “Home Buyers’ Plan” (HBP), which allows RRSP plan holders who are also first time home buyers to use up to $25,000 of their RRSP to apply to the purchase of their home. The plan,...

Why test your indoor air quality?

Apr 5, 2014 / 5:00 am

Without a doubt, the quality of air indoors is worse than outdoors. Sick Building Syndrome (SBS) is a term used to describe situations where the occupants experience acute health and comfort effects that appear to be linked to the time spent in the building, but no specific illness or cause can...

CMHC to increase insurance premiums

Mar 22, 2014 / 5:00 am

After the annual review of insurance products and capital requirements, CMHC made the decision to raise the mortgage loan insurance premiums for homeowner and 1-4 unit rental properties effective May 1 , 2014. This increase will apply to mortgage loan insurance premiums for owner occupied,...

How to save money with the way you pay

Mar 8, 2014 / 5:00 am

How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question. With more payment options than ever, consumers can find easy ways to save money, simply by using a different payment method. Consider cash Some merchants will provide...

Good news for small mortgage lenders

Feb 22, 2014 / 5:00 am

The budget should allow more competition from smaller lenders which will keep banks competitive and make dealing with a mortgage broker even more important. "The government has promised that the smaller banks will have easier access to funding from CMHC. The corporation's new allocation...

Three last-minute RRSP tips

Feb 8, 2014 / 5:00 am

Time is running out to make your RRSP contribution and take advantage of a tax deduction for 2013. With the March 3, 2014 deadline fast approaching, here are three last-minute tips to consider: 1. Find an advisor ** Chasing returns or the next big thing can only lead to disappointment....

Selling your home faster and for more

Jan 25, 2014 / 5:00 am

Are you having a hard time selling your home right now? Could your home use some updates which you can’t afford to do right now? Are potential buyers unable to see the potential of your home with a little customization to their liking? If you answered yes to any of these questions then...

Access your money more quickly

Jan 11, 2014 / 5:00 am

When you deposit a cheque and the money appears in your bank account, you may not be able to access all of it immediately because of the 'cheque hold' period. Nevertheless, because of a regulation that came into force in August 2012, consumers who deposit a cheque in person at a federally...



About the author...

Laurie Baird is a Mortgage Broker with Verico Complete Mortgage Services. She has been in the mortgage business for 17 years starting as a lender with Royal Trust. She later worked at the Royal Bank as a Mortgage Consultant and 11 years ago became a Mortgage Broker. As a Mortgage Broker she is able to match her clients' needs with a lender who will provide them with competitive rates and products. Laurie has a Bachelor of Education degree from UBC.

Contact her at 250-862-1806 or by fax 712-0209 or visit:
http://www.okanaganmortgages.com/

Visit Laurie's blog at: http://www.okanaganmortgages.com/blog.html




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The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet presents its columns "as is" and does not warrant the contents.




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