Covid 19, Defer Mortgage

How to stop Mortgage Payments during the Covid 19 (Corona Virus Crisis) To proactively ward off damaging your credit there is a Federal support program in place that you can stop or defer payments if you reach out to your current banks (lenders) directly. Preserving the stability of the housing…

Legal Separation?

Separating from a spouse is emotionally draining. This is often compounded when the largest asset in many relationships, the matrimonial home, is a factor. Sometimes, both parties want to sell and buy new homes but other times, one person may want to keep the home and pay their Ex out…

Prime Rate Drops

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 update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate. At…

Mortgage Review

The latest indicators from Canada Mortgage and Housing Corporation suggest the country’s housing market has stabilized but there are pockets of concern. The agency has held its overall market vulnerability rating at moderate for the fourth consecutive quarter. Canada’s realtors continue to build on optimism triggered by a surge in…

Identity Theft

Identity theft has been on the rise so I thought I would share some information to protect yourself from identity theft. How to Spot Identity Theft 1. Review your credit report regularly to spot suspicious account openings. 2. Check banking transactions regularly. Report anything strange immediately. 3. Recognize, and look…

Standard VS Collateral

Standard VS Collateral Mortgage Lenders vary the way they register your mortgage against your title. I would highly suggest you read the fine print and make sure you understand what it all means. If there is something you don’t understand, then make sure you ask. There are two ways lenders…

Property Assessments

AB Assessments vs. Market Value Provincial Property Assessment notices have arrived in the mail, giving some homeowners a big smile and a bit more spring in their step (increased property taxes aside), while others wilt and lament at a modest gain or decrease in assessed value. Hold on a sec,…

Debt

Christmas can either be a wonderful time of the year or a stressful one for many Edmonton homeowners. Everything is always based on gift-giving rather than giving of your time, baking something or doing something for someone else. Well, this year Christmas has come early for a client of mine…

Protect Your life

Protecting your life with mortgage insurance is very important to help manage unexpected life events. Insurance protection for both life and disability is yet another cost when purchasing a home however how does one plan on paying the mortgage if one was to die and leave a spouse behind to…

Mortgage Surprises

5 Mortgage Switch Surprises to keep an eye out for. Switching your mortgage can save you thousands however choosing the right one can be a challenge. With the Government of Canada 5-year “bond rates” being all over the map, interest rates are changing daily. Lenders often have rate specials to…
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