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Mortgage Matters

It a good idea to review your mortgage annually

Jan 8, 2022 / 11:00 am

I get it, mortgages are boring! Why would you want to revisit your mortgage every year? Your mortgage is likely the largest investment you will ever make but...

Home owner savings programs

Dec 25, 2021 / 11:00 am

This is a busy time of year but it is also a good time to review your finances by knowing what resources, grants and rebates are available for new and current...

Consolidating debt can be helpful but it's not a quick fix

Dec 11, 2021 / 11:00 am

If you are carrying high-interest credit card debt, car loans or other personal loans you know it can be challenging to pay off everything that you owe. You...

It's best to get pre-approved for a mortgage when home hunting

Nov 27, 2021 / 11:00 am

With many of the experts predicting mortgage rate increases in the coming months, many homebuyers are rushing to try and buy now before that happens. This is no...

Is it time to lock-in your variable mortgage rate?

Nov 13, 2021 / 11:00 am

Amid soaring inflation, the Bank of Canada has hinted that the first interest rate hike could take place as soon as the April-to-June quarter of 2022. Analysts...

Using money from your RRSP, tax free, to buy your first home

Oct 30, 2021 / 11:00 am

Are you considering purchasing your first home next year? If so, before March 1, 2022 could be the best time to implement this strategy if you are thinking...

Divorce or separation does not have to mean selling your home

Oct 16, 2021 / 11:00 am

You might be going through,, or considering, a separation or divorce. But the end of a relationship does not necessarily mean that you will have to sell your...

Advice for first-time home buyers

Oct 2, 2021 / 11:00 am

If you are a first-time homebuyer, then buying your first home is a very exciting time. But it can also be stressful and you will have lots of...

Mortgage request declined

Sep 18, 2021 / 11:00 am

Applying for a mortgage can be extremely stressful and if you aren’t familiar with the requirements to qualify for a mortgage then even more so. It can be...

Mortgage rules tighter for self-employed workers

Sep 4, 2021 / 11:00 am

It is no longer as easy as it once was for the self-employed to obtain mortgage financing. If you have tried to secure a mortgage recently with an institutional...

Co-signing a mortgage

Aug 21, 2021 / 11:00 am

With the new tighter mortgage qualifying rate at 5.25% and today’s high-priced real estate, it can be very difficult to qualify for a mortgage. Even with...

The best mortgage rates

Aug 7, 2021 / 11:00 am

Even though the frenzy of activity we saw with our spring real estate market seems to have settled down some for the time being, there is a big competition of...

Good debt vs. bad debt

Jul 24, 2021 / 11:00 am

Until recently there was no such thing as ‘good debt’ or ‘bad debt’ as all debt was ‘bad debt.’ Owing money for any reason...

Buying a fixer-upper

Jul 10, 2021 / 11:00 am

Are you thinking about buying a diamond in the rough to transform into your dream home? No doubt it’s easy to be tempted by all of the magical home...

Mortgage broker or bank?

Jun 26, 2021 / 11:00 am

If you’re thinking about buying a new property or taking advantage of today’s low interest rates to consolidate high-interest credit card debt, your...

Monster in your mortgage

Jun 12, 2021 / 11:00 am

If you are a typical Canadian mortgage holder, you will take a fixed rate mortgage (77%)* with a 25-year amortization (90%)* and you won’t increase the...

Mortgage rule changes

May 29, 2021 / 1:19 pm

Mortgage stress test changes kick in Tuesday. The Office of the Superintendent of Financial Institutions (OSFI) confirmed last week it will move ahead with the...

Refinance, renovate, move?

May 15, 2021 / 11:00 am

There is no doubt that the real estate market in and around the Okanagan is hot. There are not enough homes on the market, so we are seeing multiple offers and...

The best mortgage term

May 1, 2021 / 11:00 am

Most borrowers focus on finding the best interest rate when they are shopping for a mortgage. That is, of course, important as it determines what amount you...

B.C. vacation properties

Apr 17, 2021 / 11:00 am

It’s looks like we will be spending another summer close to home this year, so rather than COVID-19 slowing down the real estate market, due to pent-up...

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