Category Archive: Mortgage

10 Tips for First Time Home Buyers in 10 Words or Less

10 Tips for First Time Home Buyers in 10 Words or Less

As part of Genworth’s Homeownership Education Week Seminar, Genworth decided to get social and ask recent first time homebuyers to give simple advice to others looking to purchase their first home. The results were captured and included in the Spring issue...
Saving for a Downpayment? Some Advice Along the Way!

Saving for a Downpayment? Some Advice Along the Way!

If you are looking to purchase a property in the next while, you probably already know that you need at least 5% of the purchase price as a downpayment. Saving a bigger downpayment, let’s say 10%, certainly increases your chances of securing financing. While...
Bank of Canada Rate Announcement May 24th, 2017

Bank of Canada Rate Announcement May 24th, 2017

The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation is broadly in line with the Bank’s projection in its April Monetary Policy Report (MPR)....
New Construction Assignment

New Construction Assignment

One of the benefits of working with an independent mortgage professional is having lots of great financing options! Rather than dealing with a single lender who has one set of products, brokers work with multiple lenders who offer a wide selection of mortgage...
Using Your Home Equity to Stay Just a Little Bit Longer

Using Your Home Equity to Stay Just a Little Bit Longer

Last month, the article “Can’t find the Perfect Property in Your Price Range” was published on the blog, where the purchase plus improvements program was outlined as a way to buy and renovate a property at the same time. If you are looking to buy a...
Bank of Canada Rate Announcement April 12th, 2017

Bank of Canada Rate Announcement April 12th, 2017

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Global economic growth is strengthening and becoming more broadly-based...

Pin It on Pinterest