The Mortgage Gal

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...

Perfect (reno'd) home

Oct 5, 2015 / 5:00 am

How many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through...

Collateral mortgage

Sep 28, 2015 / 5:00 am

Most of the time I recommend that my clients not take a collateral type mortgage product, as it locks you in with the current lender and at maturity the...

Turn home equity to income

Sep 14, 2015 / 5:00 am

When retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this...