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The Mortgage Gal

Renovation dreaming

Jun 22, 2015 / 5:00 am

Dreaming of a new fire pit? A deep soaker tub? With summer on its way, lots of families have renovations on their minds. Did you know that home buyers can apply...

Mortgage costs

Jun 8, 2015 / 5:00 am

I always like to spend time with my clients going through the costs associated with the purchasing or a property in addition to the downpayment. For this...

Cash stressed seniors

May 25, 2015 / 5:00 am

For many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the...

Mortgage penalties

May 11, 2015 / 5:00 am

Most mortgages in Canada have penalties based on the greater of 3 months of interest or the interest rate differential. Variable rate mortgages where the...

Buy versus rent

Apr 27, 2015 / 5:00 am

Consider the top five reasons to buy versus rent: #5 Experience Freedom: Home ownership will free you from the ties that bind you to a landlord...no longer...

Reverse mortgage solution

Apr 13, 2015 / 5:00 am

With the housing and financial markets on solid footing, some retired Canadians may consider cashing in their growing assets to enjoy vacations and major home...

Down payment

Mar 30, 2015 / 5:00 am

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no...

Pre-approved for mortgage?

Mar 16, 2015 / 5:00 am

There seems to be a lot of confusion around the term pre-approval when it comes to mortgage pre-approvals. Pre-approvals can range from a client giving a lender...

Refinance your mortgage?

Mar 2, 2015 / 5:00 am

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which...

What will Bank of Canada do next?

Feb 16, 2015 / 5:00 am

One of the big questions facing the markets right now is what the Bank of Canada will do next. One economist believes it will continue to cut. In a new forecast...

Expect record low rates for spring

Feb 2, 2015 / 5:00 am

The Bank of Canada made an unpredicted move by cutting its overnight rate from 1% to 0.75% on January 21. This is the rate that the Big Banks pay for interest...

Beware of mortgage insurance!

Jan 19, 2015 / 5:00 am

Congratulations! You have the house of your dreams since the vendor accepted your offer and the bank approved your mortgage. What a bank will typically offer...

Goal setting keeps resolutions on track

Jan 5, 2015 / 5:00 am

January is a popular time of year to set resolutions for physical fitness, personal finance or new career directions. But with the admission of failed...

First-time homebuyer mistakes

Dec 22, 2014 / 5:00 am

If you’re on the hunt for your first home and want to have a smooth and successful home purchasing experience avoid these common first-time homebuying...

Reasons to use a mortgage broker

Dec 8, 2014 / 5:00 am

1. Get independent advice on your financial options. As independent mortgage brokers, we are not tied to any one lender or range of products. Our goal is to...

The last great Canadian tax shelter

Nov 24, 2014 / 5:00 am

A guide to how flow-through fund limited partnerships can mightily aid your tax planning! The end of the year will raise concerns among many professionals,...

Danger of focusing on low rate mortgages

Nov 10, 2014 / 6:00 am

Mortgage brokers know that a great rate and a great mortgage are not always synonymous. Many clients have tunnel vision when it comes to interest rate but it is...

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....

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...

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...

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