Mortgage Matters

Car versus house

Oct 20, 2018 / 3:12 pm

You may not have ever thought that you would have to make a choice, but the reality today is that you may have to choose – a new car or a new home. Many...

Reverse mortgage tips

Oct 6, 2018 / 11:00 am

Probably the most common way to utilize a reverse mortgage is to pay off debt or a mortgage while supplementing your retirement income, but there are many other...

Path to mortgage freedom

Sep 22, 2018 / 11:00 am

We all have mortgage freedom until we buy our first home unless we are lucky enough to have the cash to purchase without the financing assistance of a mortgage...

Bad credit mortgages

Sep 8, 2018 / 1:00 pm

Do you have a poor credit rating because of financial problems you have had in the past? Perhaps you went through a bad divorce or you owned a small business...

Buying a fixer-upper

Aug 25, 2018 / 11:00 am

Are you thinking about buying a diamond in the rough to transform into your dream home? No doubt it’s easy to be tempted by all of the magical home...

Mortgage pre-approval first

Aug 11, 2018 / 11:00 am

All the recent mortgage rule changes have made it more difficult to qualify for mortgage financing. I am receiving calls almost daily, not only from first-time...

1st time home-buying blues

Jul 28, 2018 / 11:00 am

Each year, Mortgage Professionals Canada conducts research that focuses on: trends in the housing and mortgage markets consumer attitudes interpretations of...

BofC rate increase

Jul 14, 2018 / 11:00 am

As predicted, the Bank of Canada increased the Overnight Lending Rate by 0.25 per cent on Wednesday. The overnight rate determines what rate banks lend money to...

Buying a vacation home

Jun 30, 2018 / 11:00 am

Are you dreaming of a summer cottage on the water for weekend getaways? According to a recent Re/Max market survey, retirees and baby-boomers are driving...

Reverse mortgage FAQs

Jun 16, 2018 / 11:00 am

Reverse mortgages are quite often misunderstood and there are always lots of questions. Here are some of the most frequently asked questions with the answers....

Good debt vs.bad debt

Jun 2, 2018 / 11:00 am

Until recently, there was no such thing as good debt or bad debt; all debt was bad debt. Owing money for any reason wasn’t a good thing and it was...

Mortgages in seller's market

May 19, 2018 / 11:00 am

Buying home during a seller’s market can be a bit of a battle, particularly if you own your home and need to sell to purchase a new home. The question I...

Retirement problems

May 5, 2018 / 11:00 am

Since 2005, HSBC has done a survey about retirement and this report can give us a clearer view of what might lie ahead as you move toward retirement. Both those...

Mortgage renewals tougher

Apr 21, 2018 / 11:00 am

According to a new CIBC report, nearly half of all mortgages in Canada are up for renewal this year, which is more than any year in history. What you should...

Reverse mortgage: tax-free $

Apr 7, 2018 / 11:00 am

A reverse mortgage is a way for homeowners 55 or older to turn up to 55 per cent of the value of their home into tax-free cash. It’s a loan secured...

CRA debt solutions

Mar 24, 2018 / 11:00 am

The Canada Revenue Agency has far reaching powers when you owe money to them. If you owe them, they will find a way to collect. They charge penalties and...

Mortgages for self-employed

Mar 10, 2018 / 11:00 am

It's not as easy as it once was for the self-employed to obtain mortgage financing. A few years ago, you could tell your banker how much you made, look them...

Seller's market & mortgages

Feb 24, 2018 / 11:00 am

Stats from the Okanagan Mainline Real Estate Board confirm that there is low inventory for those who are hoping to buy a home. This will create more competition...

Kill your mortgage approval

Feb 10, 2018 / 8:00 am

We have worked hard together to get your mortgage approved and have been successful in securing great rates and terms for your mortgage financing. There is...

Consolidate your debt

Jan 27, 2018 / 11:00 am

If you're carrying high interest credit card debt, car loans or other personal loans, you know it can be challenging to pay off everything that you owe. If...