by Glenn Maclaren | Aug 16, 2019 | Blog, Economy, Homeownership, Mortgage
Buying a home is likely the largest financial commitment you’ll make throughout your lifetime. That’s why it’s so important to do everything in your power to make an informed purchase every time you buy property. Ensuring the proper financing process is...
by Glenn Maclaren | Aug 9, 2019 | Blog, Finance, Homeownership, Mortgage
Not only is it important to choose the right mortgage product and rate that’s catered to your unique needs, but it’s also vital to repay your mortgage in a way that will save you the most money. The schedule you choose for your mortgage repayment can have a...
by Glenn Maclaren | Aug 2, 2019 | Blog, Finance, Homeownership, Mortgage
Breaking your mortgage before your term is up can have significant financial consequences. That’s why it’s important to weigh all of your options before taking action to ensure it’s in your best financial interest. What are payout penalties? Lenders make money...
by Glenn Maclaren | Jul 26, 2019 | Blog, Finance, Homeownership
This is a commonly-asked question, since mortgage agents/brokers and appraisers aren’t authorized to provide a copy of the real estate appraisal report to the homebuyer/homeowner even though you’ve likely paid to have it completed. This is mainly because the...
by Glenn Maclaren | Jul 19, 2019 | Blog, Finance, Homeownership, Mortgage
Over the past several years, it has become increasingly difficult for many people, particularly first-timers, to enter the housing market. This is due to a variety of factors, but most notably tighter mortgage rules implemented by the federal government – including...
by Glenn Maclaren | Jul 12, 2019 | Blog, Finance, Homeownership
You’re in the market for a mortgage and you want to find the best rate. Your neighbours have been bragging about their low rate and you want the same. Since everyone’s situation is different, however, and there’s no one-size-fits-all option, it’s best to avoid making...
by Glenn Maclaren | Jul 10, 2019 | Announcements, Blog, Mortgage
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. Evidence has been accumulating that ongoing trade tensions are having a material effect on the global...
by Glenn Maclaren | Jul 5, 2019 | Blog, Finance, Homeownership, Mortgage
For many people, the first step to buying a home involves perusing local real estate listings. While this can be an exciting exercise, before you begin house hunting, you first need to determine how much you can comfortably afford. After all, you don’t want to find...
by Glenn Maclaren | Jun 28, 2019 | Blog, Finance, Homeownership
Realizing your dream of homeownership is an exciting journey, but finalizing the mortgage process can be a bit cumbersome, particularly when it comes to the trail of seemingly endless documents you’re required to submit. The extensive paperwork throughout the...
by Glenn Maclaren | Jun 21, 2019 | Blog, Finance, Homeownership, Mortgage
You’re ready to buy a home and you’ve laid out the groundwork to formulate a successful mortgage strategy. Your next step is to consult with a professional mortgage broker or agent who will guide you through the entire process of obtaining your mortgage to help...
