Test drive before you buy your new home. It is always interesting how much home buyers think they can afford for a mortgage payment.   If someone is paying $2000 for rent and is having difficulty saving for a down payment this is a great opportunity to review with your independent mortgage broker.  Then best to […]

On July 13,2022 the Bank of Canada increased the overnight lending rate by a full 1% which is causing some concern with homeowners and buyers as to what to expect with interest rates moving forward. Any changes to the overnight rate result in an increase to the Prime lending rate which has risen from 2.45% […]

What to expect with mortgage interest rates in 2022. After a 24 months of lower mortgage interest rates the slow and steady rise in 2022 is creating some unrest among home buyers and owners. Just breath! Always talk to your independent mortgage broker to educate yourself and to review your specific needs. Safe to say […]

How can you improve your credit score? Most people don’t check their credit score until they need to borrow money.  Sometimes that can be an issue if you don’t realize there are issues on your credit report till it is too late to fix it. I always recommend you pull your own credit report once […]

What’s up – mortgage rates are rising Hope you are having a good start to the new year. Just an update on a few things that are impacting the market for real estate and financing. First, there continues to be pressure on fixed rates to rise. We have seen rates rise this year and current […]

How to save on income tax and interest if you are self-employed. Many people who are self-employed have experienced challenges to secure mortgage financing through their bank.  They keep their taxable income low to reduce the cost of taxes on their personal tax filing and may keep most of their money in their company.  This […]

Fixed rates continue to rise. My last blog post posed the likelihood of rates rising and a subsequent post  as rates started to rise at the end of February and have continued to trend up little by little.  This is due to the bond yield shifting up dramatically in the past few weeks. I had […]

With all the heat in the current real estate market in Canada could it change and could interest rates rise in 2021? I can’t speak specifically to the prices for homes and the shift for people moving to outlying areas – that is a good discussion for you and your realtor.  However, the low interest […]

Saving your credit during COVID-19 is an important thing to consider as we move through the pandemic to the other side. Consulting with your independant mortgage broker will help you every step of the way to ensure you are receiving the guideance you need to protect your credit history. During this time consumers have chosen […]

Retire earlier – say what? Whether you are 40,50 or over 60 it is never too early to ask this question and consult with your professional advisors (accountant, financial planner and mortgage broker) to make an informed plan of action. Sometimes you simply don’t know what you don’t know. There is more than one way […]