Mortgage Blog
Your Fort McMurray Mortgage Expert
Category: Mortgages (22 posts)
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The Impact of Rising Interest Rates on the Canadian Mortgage and Real Estate Market in 2024
August 6, 2024 | Posted by: Barb Pinsent
As we navigate through 2024, the Canadian mortgage and real estate market faces a dynamic landscape marked by rising interest rates. This trend, driven by the Bank of Canada's efforts to curb inflatio ...
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Mortgage Rule Transformations Since 2008
December 6, 2023 | Posted by: Barb Pinsent
Mortgage Rule Transformations Since 2008 Embarking on the pathway to homeownership has always been a significant life milestone, and for Canadians, navigating the twists and turns of the mortgage lan ...
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Multi-Family Lending: What You Need To Know About Hard Money Loans in Fort McMurray, AB
March 3, 2021 | Posted by: Barb Pinsent
Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ...
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Why Borrowers May Choose a Private Mortgage in Fort McMurray, Alberta
February 17, 2021 | Posted by: Barb Pinsent
Why Borrowers May Choose a Private Mortgage When most people want to buy a home, they get a list of local banks and mortgage companies to start comparing the available financing options. However, the ...
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How to Handle a Mortgage After a Separation or Divorce in Fort McMurray, Alberta
February 2, 2021 | Posted by: Barb Pinsent
Mortgage Life After Separation and Divorce Separation and divorce present many challenges. It's a situation you likely never thought you'd never be in, but now there are personal and financial conseq ...
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Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program
October 28, 2020 | Posted by: Roar Solutions
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. ...
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Reverse Mortgages – Impact on Heirs in Fort McMurray, Alberta
September 2, 2020 | Posted by: Barb Pinsent
How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the prope ...
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When Is Mortgage Refinancing a Bad Idea in Fort McMurray, Alberta?
June 3, 2020 | Posted by: Barb Pinsent
Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it may make fiscal sense to refinance when inter ...
read moreBank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve
June 3, 2020 | Posted by: Roar Solutions
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...
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5 Smart Ways to Use a Home Equity Line of Credit
April 15, 2020 | Posted by: Barb Pinsent
For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always a ...
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What should you consider when refinancing your mortgage in Fort McMurray, Alberta?
April 1, 2020 | Posted by: Barb Pinsent
Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y ...
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Bank of Canada lowers overnight rate target to 0.25 percent
March 27, 2020 | Posted by: Roar Solutions
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. T ...
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Important Steps To Consider Before You Defer
March 25, 2020 | Posted by: Barb Pinsent
The COVID-19 Virus is affecting people and their employment across Canada and many are making tough decisions on the future of their mortgage. You are likely aware by now that lenders are offering m ...
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Deferring Mortgage Payments
March 21, 2020 | Posted by: Barb Pinsent
Deferrals are being approved on a case by case basis by mortgage holders. I have had many people ask me how the deferral process works and thought I would explain that here for those of you who aren&r ...
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Bank of Canada Announcement
March 11, 2020 | Posted by: Barb Pinsent
Last week, the Bank of Canada dropped their overnight rate by 0.50% and lenders have been responding. If you have a variable rate mortgage, line of credit or a student loan, you will be inf ...
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Reverse Mortgages
February 19, 2020 | Posted by: Barb Pinsent
Saving enough for your retirement in Canada can be a challenge. As the average life expectancy continues to rise, retirement savings are being stretched further over many more years. Today, m ...
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Should You Pay Off Your Mortgage Early in Fort McMurray, Alberta?
February 18, 2020 | Posted by: Barb Pinsent
It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will ex ...
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Bank of Canada Announcement - January 22nd, 2020
January 22, 2020 | Posted by: Barb Pinsent
Today the Bank of Canada announced that they have maintained the overnight rate. This is the first of many announcements this year about potential interest rate changes that could impa ...
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3 Steps To Reduce Your Mortgage
January 13, 2020 | Posted by: Barb Pinsent
No one wants to pay a mortgage for 25 years and 2020 is the year for you to take control of your payment options to build your home equity and save money over the life of your mortgage. Barb Pinsen ...
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Should You Refinance Your Fort McMurray Mortgage?
January 8, 2020 | Posted by: Barb Pinsent
Should you refinance Your Fort McMurray Mortgage? There is a multitude of reasons why a homeowner may be considering refinancing their mortgage. However, before any final decisions are made it is al ...
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Should You Spend the Full Mortgage Amount You're Approved For?
October 21, 2019 | Posted by: Barb Pinsent
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 ...
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Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!
October 14, 2019 | Posted by: Barb Pinsent
Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ...
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