Blog - Edmonton Mortgage Brokers

Investment Real Estate

February 13, 2019February 15, 2019 By mt-admin

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Investment Real Estate, Is it Right for you? There are an abundance of properties for sale in the Edmonton market and many homeowners are aware of their current equity position. They are wondering if renting out their property makes sense for them. There are a number of factors to consider…

Fixed Vs Variable – Look at the Math!

January 31, 2019January 31, 2019 By mt-admin

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Fixed Vs Variable Mortgage Decision …. Look at the math! Every day I hear the questions as to which mortgage product someone should choose, fixed or variable. What I am about to share with you will be wisdom that will work in any set of market conditions, and perhaps most…

The Impact Rising Interest Rates have on your Buying Power

January 22, 2019January 22, 2019 By mt-admin

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2018 was a year of rising interest rates and a tighter lending environment. This question often comes up – how much are buyers impacted if interest rates continue to climb up? Here is a recap of how your maximum mortgage amount is calculated: 1. GDS (Gross Debt Service Calculation: You…

Bank of Canada Announcement

January 9, 2019January 9, 2019 By mt-admin

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Good morning I want to wish you a very Happy New Year to you and your family. If one of your New Year’s Resolutions was to get back on track with your financial goals, now is a perfect time. This is the first of many announcements this year about potential…

Payout Penalties: What are they? How are they calculated?

December 28, 2018December 28, 2018 By mt-admin

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I often get calls asking to refinance an Edmonton mortgage to payout some debt, which is always a great idea, but one thing has to be determined first. What is your penalty going to look like if you leave your current lender? Not all mortgages are equal nor are the…

Tackling Debt!

December 14, 2018December 14, 2018 By mt-admin

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Tackling That Debt Resolution! With 2018 coming to an end, knocking down debt levels leads the list of New Years resolutions for maxed-out Canadians. But where do you start? Make BILL PAYMENTS on EVERY PAY DAY: Most bills have a monthly due date but if you get paid every two…

Bank Of Canada Maintains Overnight Lending Rate

December 5, 2018 By mt-admin

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With the wintery weather and the beautiful colors and lights of the holiday season. I have some great news to add to your festive spirit! As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal…

Credit Repair Tips To Get You Ready For Your First Mortgage

December 4, 2018December 4, 2018 By mt-admin

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[caption id="attachment_505" align="center" width="640"] Edmonton Mortgage[/caption] Buying a home for the first time is a major milestone as an adult but it comes with a lot of responsibility. Making sure you are financially prepared to take on an Edmonton mortgage is half the battle. Purchasing a home may be the…

Is Your Relationship Breaking Down?

November 6, 2018 By mt-admin

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If you own and live in a home with a sibling, partner or spouse, common law or married and have decided to part ways, then read on. Over my 18 years as an Edmonton Mortgage Broker I have helped many through this stressful situation. Some got to keep their homes…

Mortgage Insurance

November 2, 2018 By mt-admin

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[caption id="attachment_497" align="alignnone" width="640"] Edmonton Mortgage Broker[/caption] There are many benefits to owning your own home. These include having more privacy, decorative freedom, more of an incentive to be involved in the community, and it is an excellent long-term investment. But before you can start appreciating these perks of owning…

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