Mortgage Blog
Your Fort McMurray Mortgage Expert
5 Tips to Get Pre-Approved for a Higher Loan Amount
February 3, 2023 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
Getting pre-approved is a crucial first step when buying a home. It tells you how much you can spend on a home between your down payment and the approved loan amount. Sometimes, though, the pre-approv ...
read moreBank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
January 25, 2023 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening ...
read moreWhat To Do If Canada Enters A Recession
January 18, 2023 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
Recessions can feel scary. Suddenly thousands of Canadians are without jobs, and there’s less money circulating in the Fort McMurray economy. But, before a recession hits, most people can feel ...
read moreDoes It Make Sense to Refinance After The Holidays?
January 6, 2023 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
Does it Make Sense to Refinance After the Holidays? If the holidays left you with a mountain of credit card debt and less money in your bank account than you’d like, you might consider refina ...
read moreShould You Spend the Full Mortgage Amount You're Approved For?
December 28, 2022 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...
read moreShould I Lock In My Variable Rate Mortgage?
December 16, 2022 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
It’s hard to believe it’s the middle of December and 2023 is right around the corner. For those shopping for a home or in a variable rate mortgage, the New Year can’t come soon enoug ...
read moreThe Pros and Cons of Fixed vs. Variable Mortgages
December 8, 2022 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c ...
read moreWhy are Canadians moving and where?
December 7, 2022 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
Why are Canadians moving and where? During the pandemic, millions of people moved. Everyone moved for different reasons, and while 84% of Canadians didn’t need a change due to the pandemic, the ...
read moreBank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
December 7, 2022 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening ...
read more10 Things to Know About the Offer Process
November 30, 2022 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
10 Things to Know About the Offer Process Before making an offer on your dream house, here are the ten things you need to know about buying real estate to ensure your offer is solid. Buying real e ...
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