Category: Finance (30 posts)
- May 11, 2022 @ 1:50 PM
- Posted by Angela Robinson
Three Ways To Get The Best Possible Mortgage Rate
When you qualify for a mortgage loan, you're going to end up paying tens of thousands of dollars in interest over the life of the loan. Thus, it’s important to do everything you can to get the b
- April 13, 2022 @ 5:19 PM
- Posted by Angela Robinson
TransUnion's monthly subscription isn't cheap, but it could help you boost your credit score with personalized advice.
Your credit determines a lot in your financial life. It affects the interest rates you're offered and determines whether or not you'll get approved for a loan. On top of that, if your
- March 10, 2022 @ 4:42 PM
- Posted by Angela Robinson
Stop Looking for Shortcuts to a Better Credit Score
The secret to credit score management? Pay what you owe on time, and never borrow even close to the maximum amount lenders will give you. Do only that and you will not have a problem borrowing at a co
- February 16, 2022 @ 4:48 PM
- Posted by Angela Robinson
Getting Pre-Qualified. Does it Work? Is it Worth it?
Getting prequalified is one of the first ways to find out how much mortgage you can afford. It is worth understanding exactly what a mortgage prequalification is, so here’s more.
- February 3, 2022 @ 3:07 PM
- Posted by Angela Robinson
Front of The Line
Are you in one of the following frontline positions? Border services Correction officers Paid firefighter Paramedic Police officer Registered physician Registered nurse Registered Prac
- January 18, 2022 @ 4:07 PM
- Posted by Angela Robinson
Four Ways To Use A Home Equity Loan
A home equity loan is a common tool that homeowners use to pay for various needs. Compared to other debts, home equity loans tend to have lower, fixed rates and the repayment period can b
- January 18, 2022 @ 3:41 PM
- Posted by Angela Robinson
Four Smart Ways To Use A Home Equity Loan
A home equity loan, also known as a second mortgage, is a common tool that homeowners use to pay for various needs. Here are some smart ways to use them. Compared to other debts, home equity
- December 15, 2021 @ 4:28 PM
- Posted by Angela Robinson
Your Preference When Arranging A Mortgage - Having Your Hand Held By A Nice Banker Or The Lowest Possible Rate?
A minority of people setting up, renewing, or refinancing mortgages are using mortgage brokers, check out the article below and find out why you should be too If you are looking for a broker
- December 1, 2021 @ 3:19 PM
- Posted by Angela Robinson
Access Funds With A Reverse Mortgage
In 2020, as Canadians spent more time at home, there was a boom in home renovations. Reverse mortgages can offer a helpful option for those costly renovations. Read the full article below to find out
- November 16, 2021 @ 5:04 PM
- Posted by Angela Robinson
Is It Time For You To Buy Or Refinance?
Are you considering buying a new home or refinancing your current mortgage? The decision to get or refinance a mortgage is a big one – but you're not alone. There are many potentia
- November 8, 2021 @ 7:38 PM
- Posted by Angela Robinson
How to fine-tune your finances for a mortgage
Experts such as our very own Marc Crossman, managing partner and mortgage broker at Mortgage Alliance Lending Advisors, say that new mortgage rules and the potential for rising interest in the comin
- September 16, 2021 @ 3:35 PM
- Posted by Angela Robinson
The Smith Manoeuvre strategy and how to use it — the right way — to your advantage
The Smith Manoeuver is among many strategies you may not be familiar with. Alberta Mortgage Professionals can provide many options such as this to help guide you through your home ownership journey.
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- September 10, 2021 @ 9:33 PM
- Posted by Angela Robinson
What does Today's Bank of Canada decision mean for consumers?
The Bank of Canada has decided on how to move forward regarding interest rates amid the ongoing pandemic, read the full article below and contact us today to find out how you may be able to take adv
- August 27, 2021 @ 3:13 PM
- Posted by Angela Robinson
How and Why to Cancel a Credit Card, Without Destroying Your Credit Score
While cancelling credit cards may seem to make your life easier, there are some complications to consider.Canceling can hurt your credit score and affects your credit in two ways:· &
- July 27, 2021 @ 8:42 PM
- Posted by Angela Robinson
Cash-Out vs. HELOC Refinancing
If you’re interested in borrowing against your home’s available equity, you have choices. Some options are to refinance and get cash out, or to take out a home equity line of credit (HELOC
- May 26, 2021 @ 4:58 PM
- Posted by Angela Robinson
Why You Should Get Pre-Approved Before June 1, 2021
The Canadian Banking Regulator, Office of the Superintendent of Financial Institutions (OSFI) gave guidance that they were planning on tighten mortgage qualification for uninsured mortgages. OSFI sugg
- May 17, 2021 @ 5:27 PM
- Posted by Angela Robinson
What About Rates?
You have probably heard that the COVID-19 pandemic has had an effect on mortgage rates over the past year and you might be curious how this impacts your financial situation. Have you ha
- May 6, 2021 @ 2:50 PM
- Posted by Angela Robinson
Let's Talk Credit Scores
Your credit score is a number between 300-900. Anything above 700 shows that you have managed your money well and are a good candidate for a mortgage. A score between 600-700 means th
- April 6, 2021 @ 8:52 PM
- Posted by Angela Robinson
The Role of a Mortgage Broker
The Role of a Mortgage Broker Across Canada the housing market has continued to expand, despite the pandemic. This has been attributed to a lack of inventory and the low cost of debt have com
- September 26, 2019 @ 3:07 PM
- Posted by Marc Crossman
What is a central bank?
Sep 23, 2019Created by First National Financial LP As we head into the federal election we’ll be hearing a lot about the economy, interest rates and housing. In this country, one of the
- April 22, 2018 @ 3:55 PM
- Posted by Marc Crossman
WHERE ARE CANADIAN MORTGAGE RATES GOING IN 2018?
2017 was a year of change for the Canadian Mortgage Market. With the announcement of the B-20 guideline changes requiring all insured or uninsured mortgages to undergo stress testing. In addition, the
- April 6, 2018 @ 11:02 AM
- Posted by Marc Crossman
TIPS FOR YOUR VARIABLE RATE MORTGAGE THAT COULD SAVE YOU THOUSANDS
With changes to mortgage rules and interest rates on the rise here are some tips for your variable rate mortgage that could save you thousands. Since 2009 the prime lending rate has shifted f
- February 16, 2018 @ 11:47 PM
- Posted by Marc Crossman
WHAT IS THE CANADIAN MORTGAGE AND HOUSING CORPORATION (CMHC)?
The Canadian Mortgage and Housing Corporation (CMHC) is a corporation that most are semi-familiar with, but do not know what CMHC actually does. CMHC is Canada’s authority on ho
- December 11, 2017 @ 3:18 PM
- Posted by Marc Crossman
IS IT TIME TO LOCK IN A VARIABLE RATE MORTGAGE?
Approximately 32 per cent of Canadians are in a variable rate mortgage, which with rates effectively declining steadily for the better part of the last ten years has worked well. Rece
- December 5, 2017 @ 10:39 PM
- Posted by Marc Crossman
OSFI MORTGAGE CHANGES ARE COMING
As many of you may remember, this past October the Office of the Superintendent of Financial Institutions (OSFI) issued a revision to Guideline B-20. The changes will go into effect on Ja
- September 1, 2017 @ 12:26 PM
- Posted by Marc Crossman
HOW MORTGAGE RATES WORK
Ever wonder how your mortgage rate is determined? What factors make it jump from percentage to percentage? We are getting down to the nitty gritty today and giving you the facts on what impact
- October 4, 2016 @ 10:57 AM
- Posted by Marc Crossman
FINANCE MINISTER MORNEAU TAKES OUT THE BIG GUNS TO SLOW HOUSING
Yesterday, Ottawa unveiled major initiatives to slow housing activity both by potentially discouraging foreign home purchases and, more importantly, by making it more difficult for Canadians to get mo
- April 29, 2016 @ 10:21 AM
- Posted by Marc Crossman
Canada Starts to Outperform the U.S.
Crude oil prices are poised for their biggest monthly gain in seven years, hitting a new high for 2016, and as day follows night, the Canadian dollar is up sharply--just shy of 80 cents U.S. T
- March 22, 2016 @ 10:29 PM
- Posted by Marc Crossman
Budget 2016 Billed As Growing the Middle Class
Today’s budget included everything I expected and nothing that I feared. The fears first—there is no change in the tax treatment of capital gains or stock options, despite continue
- January 14, 2016 @ 3:52 PM
- Posted by Marc Crossman
FINANCIAL CHECK-UP
Welcome to your free financial check-up, discussing 5 key factors to assist you in ensuring you are on the right track to a solid financial future. Credit Ensuring you are using credit wisel