The Mortgage Gal
Expect record low rates for spring
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!
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
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
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
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
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
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
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
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
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...
Power-save your way to a down payment
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...
How much mortgage should you carry?
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...
VERICO: a decade later...
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...
Take charge of your debt
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...
Mortgage payment difficulties
When unforeseen financial circumstances impact your ability to make regular mortgage payments, it’s important for you to take quick action. With early...
Credit fitness: how to stay healthy
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...
Tips on home maintenance & security
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...
Why should I use a mortgage broker?
For most of us, our ideas about mortgages have been instilled by years of past experience with traditional products in traditional institutions. Long-held...
Selecting the right mortgage planner
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?...
Home Buyer RRSP
RRSP Payment Using your RRSP? It can be all or part of your down payment. The rules have changed in recent years, so if you think you know them, double check...