Mortgage Blog

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 ...

Bank 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 ...

What 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 ...

Does 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 ...

Should 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 ...

Should 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 ...

The 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 ...

Why 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 ...

Bank 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 ...

10 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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