Check this out !! FORECLOSURE, BANKRUPTCY, CONSUMER PROPOSAL & CREDIT COUNSELING The Canadian Bankers Association’s latest report on mortgage delinquency shows that Saskatchewan has the highest per capita of all the provinces. The national average shows that .24% of homeowners are having difficulty paying their mortgage. Saskatchewan is more than triple that at .80% with next in […]

WHAT IS A MORTGAGE “REFINANCE” AND HOW DOES IT AFFECT ME?- Chk this out !! Refinancing a Home is one of those things where people understand what it is but have trouble explaining How it works. To put it simply, refinancing your Home allows you to access the equity you have built up, by changing […]

5 WAYS YOU COULD USE A CHIP REVERSE MORTGAGE – Chk this out !! Reverse mortgages are continuing to grow as a retirement solution for Canadians 55+. Homeowners 55+ are unlocking their home equity for tax-free funds that improve their cash flow and pay-off higher interest loans. Consider your own financial needs. Do any of […]

Chk this out – DEBT: TO CONSOLIDATE OR NOT TO CONSOLIDATE? THAT IS THE QUESTION !! If you are a Canadian living in debt, you are not alone. According to Statistics Canada, household debt grew faster than income last year, with Canadians owing $1.79 for every dollar of household disposable income to debt(1). • Canadian […]

HOW TO GET A 5% DOWN PAYMENT FOR A $500,000 PURCHASE- Check this out !! We have seen a return of the buyers’ market and many people are asking, how long will this last? While some renters without a down payment might be asking, how can o put a plan in place to own? With […]

Check this out !! REVERSE MORTGAGES – TRENDING NOW With approximately 1,000 people retiring every day in Canada, it’s not surprising that there has been an increased demand for Reverse Mortgages. A Reverse Mortgage can assist people aged 55+ to realize their dreams in retirement. Whether they want to travel, help their kids or grandkids […]

Ways to get a DOWN PAYMENT- Check this out !! 6 WAYS TO GET A DOWN PAYMENT When is it time to think about saving for a down payment? I would say about a year before you think about buying a home. While that’s ideal in today’s world, we often do not have much time […]

Check this out- 3 THINGS YOU MAY NOT KNOW ABOUT CASH-BACK MORTGAGES!! About twice a year, one of the big Canadian banks likes to run an advertising campaign for their cash back mortgages. These are mortgages usually with 5-year terms where you receive a certain percentage back in cash. The percentage varies from 1% to […]

What are the B-20 GUIDELINES? Chk this out !! DO YOU UNDERSTAND THE B-20 GUIDELINES? A new survey has emerged showing that out of 1,901 owners and would be homeowners, 43% (more than two out of five) Canadians are not confident in their knowledge of the mortgage stress tests—despite them being in place for more than a […]

WHAT’S YOUR BEST RATE- CHK this out !! WHAT’S YOUR BEST RATE? You know at one time I could give you a quote over the phone and not worry that I would be too far out. Today is a totally different story, here are some of the variables that come into play. 1. What’s your […]