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The Mortgage Gal

Down-payment blues

Jul 18, 2016 / 4:00 pm

How much of your savings should go toward your down payment? There is no definite right answer and sometimes it depends on where the investments or savings are....

Musical mortgages

Jul 3, 2016 / 12:00 pm

Stop! Before you transfer your mortgage….. Too switch or not to switch, that is the half-a-million-dollar question. Mortgage lenders that is. Many...

Buying in a hot market

Jun 20, 2016 / 12:00 pm

As the summer approaches, it seems the Canadian real estate market has caught spring fever and things are not changing. First-time homebuyers face many...

Grow-op nightmares

Jun 6, 2016 / 3:00 pm

Buying a former Grow Op Property and Financing I often get asked about the possibility of buying a home that was a marijuana grow operation or grow op for...

What is in a Beacon Score?

May 23, 2016 / 12:00 pm

The beacon score is a very important part of the mortgage application process. Your Equifax Beacon Score tells lenders how much of a risk you are by your past...

Five c's of credit

May 9, 2016 / 11:00 am

Ever wondered how the financial institution or mortgage broker determines if you qualify for a mortgage? There are five key elements that most lenders use....

Divorce in retirement

Apr 25, 2016 / 11:00 am

Are you a divorced retiree? Financial settlements from a divorce can have a big impact on your security. The concern doubles when a marriage comes to an end...

I wanna buy a house

Apr 11, 2016 / 12:00 pm

What will I need to get a mortgage? I often get asked what to bring to a mortgage appointment, and I usually tell my clients to bring a list of assets,...

Often missed finance tool

Mar 28, 2016 / 12:08 pm

The pop and sizzle of New Year’s Eve is a distant memory now, and many well-intentioned New Year’s resolutions have probably fallen by the wayside....

Property Transfer Tax

Mar 14, 2016 / 10:21 am

On February 16th, the Liberal Government announced changes to the Property Transfer Tax. The two major changes: • Exemption for new homes up to a purchase...

Reverse mortgages

Feb 29, 2016 / 5:00 am

While reverse mortgages have had a bad reputation based on old programs or those offered in the United States, you might be surprised to learn how much they...

Don't renew that mortgage!

Feb 15, 2016 / 8:52 pm

Don’t renew that mortgage . . . until you’ve learned about the following. Is your mortgage coming due in the next few months? When your mortgage is...

Broker commissions

Feb 1, 2016 / 11:18 am

Mortgage broker commissions On January 18th I did an interview on CBC Radio Kelowna regarding the FICOM proposal for more disclosure on the Form 10 used by...

Do new rules affect you?

Jan 11, 2016 / 6:00 am

New downpayment rules If buying a home is on your list of to dos for 2016, then you may be affected by the new downpayment requirement rules announced by...

Money 2016: Taking control

Dec 28, 2015 / 6:00 am

With talk about the climbing real estate prices, a recovering global economy keeping investment analysts cautious, and the decline in oil prices, it is...

No-stress celebration ahead

Dec 14, 2015 / 6:00 am

Welcome to your five-step guide to turn holiday chaos into stress-free celebration: The kids are off from school, family and work obligations are competing for...

First-time home buyer?

Nov 30, 2015 / 6:00 am

Your RRSP may be the down payment you’re looking for Thinking about buying your first home? Wish you had saved up for a good down payment? Maybe you...

Fixed or variable-rate?

Nov 16, 2015 / 6:00 am

“Wow!” you say to your spouse as you hit the brakes on the car. “Did you see the mortgage rate those guys are advertising?” Your...

The reverse mortgage

Nov 2, 2015 / 6:00 am

For many seniors, their family home is a place of fond memories, as well as their biggest nest egg. Coupled with a familiar neighbourhood, neighbours and...

Renovations for rebates

Oct 19, 2015 / 5:00 am

Continuing with the renovation theme from last week, Fortis and Hydro have teamed up to provide a variety of rebates and offers. There are a couple of...

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