Everyone knows that it can be easy to go all out when it comes to the holidays. Unfortunately, this often means that you end up saddled with a bunch of holiday debt. To avoid a sleigh-size tab, plan ahead to save money and maximize the payoff! To … [Read more...] about Budgeting for the Holidays
Fixed vs. Variable
If you are new to the world of mortgages, you probably have a lot of questions - such as whether to choose a fixed-rate mortgage or variable-rate mortgage. Even experienced homeowners can sometimes struggle with this and may wonder if they made the … [Read more...] about Fixed vs. Variable
5 Tips to Reduce Heating Costs
When it comes to the winter season, it can be easy to go overboard when it comes to heating – but there is a better way! With a little awareness, and the right preparation, heating your home this winter won’t have to cost you a fortune. To help you … [Read more...] about 5 Tips to Reduce Heating Costs
Mortgage Renewals 101
If you are coming up to your mortgage renewal date, you may have already received a letter from your Lender. Typically, these are sent out when there are 3 months remaining on your term. While nearly 60% of borrowers simply sign and send back their … [Read more...] about Mortgage Renewals 101
Teaching Your Kids About Finances
Did you know? According to a 2019 RBC Family Finances Poll, 9 out of 10 parents (96%) are financially supporting their children (ages 18-35 years). On average, this costs parents $5,623 per year! This is an added cost that many parents cannot afford. … [Read more...] about Teaching Your Kids About Finances
What Your Banker Won’t Tell You About Mortgages!
Did you know the biggest difference between getting your mortgage from a bank vs. a mortgage broker is that the bank only has access to their products, while I, your mortgage broker, have access to hundreds of different lending institutions and … [Read more...] about What Your Banker Won’t Tell You About Mortgages!
Mortgage Insurance and Your Borrowing Power
As a Canadian homebuyer or homeowner, your borrowing power is impacted by a few factors. Recent changes to the lending policies announced by CMHC, The Bank of Canada’s qualifying rate and your banks’ Prime Rate and mortgage stipulations are all … [Read more...] about Mortgage Insurance and Your Borrowing Power
Advantages of a Mortgage Pre-Approval
Getting pre-approved can be a vital step to the home-buying process! But don’t confuse this with pre-qualification; you can get a pre-qualification through the My Mortgage Planner app to determine what you might qualify for. Pre-approval, on the … [Read more...] about Advantages of a Mortgage Pre-Approval