10 Sep

What is the First Time Home Buyer Incentive Program?

General

Posted by: Chanele Langevin

The First Time Home Buyer Incentive Program, referred to as FTBHI, is a Government of Canada program granted by Canada Mortgage and Housing Corporation (CMHC). CMHC acts as the Program Administrator of the program. The amounts of the incentive that are provided are as follows: Re-sale home, 5% of home value New construction home, 5% […]

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25 Aug

Understanding the Mortgage Renewal Process – A Step by Step Guide

General

Posted by: Chanele Langevin

When your mortgage is first established it is set up with an amount of years it will take for you to completely pay off your loan. This is called the “Amortization Period”.  Within the Amortization period there is a “Term” which is the amount of years that a Lender will guarantee you the agreed upon […]

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11 Aug

Property Taxes – Mortgagor Paid vs Lender Paid

General

Posted by: Chanele Langevin

When accepting a mortgage agreement, it is important to understand some of the fine print regarding who will be responsible for paying property taxes. Depending on your situation and preferences, this little detail may be one of the deciding factors for which lender you choose when you have multiple options on the table. Mortgagor Responsible […]

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17 Jul

What are External & Internal Influencers to Your Mortgage Rate?

General

Posted by: Chanele Langevin

External Factors Economic Cycles Economic cycles bring considerable influence on mortgage rates. During periods of economic expansion, consumers spend more money, increasing demand, which helps drive mortgage rates upwards. Periods of economic contraction reduce spending, lowers demand, pushing interest rates downwards. Government Policy As economic forces push mortgage rates up or down, federal policy-makers influence […]

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24 Jun

Fixed vs Variable Mortgages | What’s The Difference?

Mortgage Tips

Posted by: Chanele Langevin

What is a Fixed Interest Rate Mortgage?  A fixed interest rate mortgage means that the interest rate will remain the same throughout the term of your mortgage.  This means you will know exactly what your payments will be, what amount of that payment goes toward your principal, and what amount goes toward the interest portion. […]

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11 Jun

Why Use A Mortgage Broker?

General

Posted by: Chanele Langevin

Purchasing a home may be the largest financial investment you will make in your lifetime.  In the past, there really were no options to obtain the money in order to make that purchase…you would go to your local bank or credit union and ask them for a mortgage. Over time, the mortgage world has evolved […]

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19 Apr

THINGS TO CONSIDER WHEN BUILDING YOUR NEW HOME-

General

Posted by: Chanele Langevin

I came across this article in the public Dominion Lending Blog. Information not be neglected when building- By: GEOFF LEE Dominion Lending Centres – Accredited Mortgage Professional “Building a new home – It’s something that many couples dream of. It can be an exciting, stressful, joyful, crazy time period that many walk away from saying […]

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6 Apr

Mortgage pre-approval, what does it mean?

General

Posted by: Chanele Langevin

“You’ve decided it’s time to buy a new home. Whether it’s your first home or 25th, you’re now seeking a mortgage. And one of the first steps to getting the financing in place for your dream home is getting pre-approved for that mortgage. But before you start hunting for your new home, you need to […]

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29 Jan

Rate-Hike Cycle already the most severe in two decades!

Latest News

Posted by: Chanele Langevin

Rate-hike cycle already the most severe in two decades by Ephraim Vecina 22 Jan 2018 SHARE Rate-hike cycle already the most severe in two decades The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver consequences than […]

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28 Nov

Millennials and Home Buying- **You need expert advice. The first person you should talk to is an accredited mortgage professional. ** 

Mortgage Tips

Posted by: Chanele Langevin

TOP 5 THINGS MILLENNIALS SHOULD KNOW WHEN BUYING REAL ESTATE There are 9 million Millennials in Canada, representing more than 25 percent of the population. Born between 1980 and 1999, the eldest are in the early stages of their careers, forming households and buying their first homes. Buying a home is a daunting process for […]

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