Mortgage Shop Talk

For the well-informed

Welcome to the Mortgage Shop Talk Blog!

We’re particularly excited about launching this blog as it coincides with the launching of the MortgageGarage.ca website.  MortgageGarage.ca is the my (Allen Hubble, Mortgage Alliance) place to connect with clients and soon-to-be clients in an effort to keep them informed about happenings in the real estate, mortgage and personal finance arenas. We hope you’ll be a regular visitor on our site and our blog.

In the Mortgage Shop Talk Blog, we’ll share with you information about what we love to do most: help you bring to life the dreams you have.  Although we may market mortgages and loans, our passion and purpose is actually helping people to have the homes and lives of their dreams.

Below you’ll find our latest articles to educate and inform you on the current mortgage (and finance) environment.

What you Need to Know About the Latest Mortgage Rule Changes

If you've tuned into the news today, you've probably heard that there are new mortgage rules coming into effect on January 1st. 2018. Over the next week you'll most likely hear a lot of commentary on whether these rules are good, bad, necessary, or unnecessary. And no...

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How To Save $1 Million For Retirement

Starting to save early for retirement is extremely beneficial in the long run, especially if you have the dream of retiring with $1 million as so many Canadians do. It’s not an easy feat, but for most Canadians, retiring with $1 million is a realistic goal. You most...

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Online Mortgage Calculators, Can You Trust Them?

You'd think an online calculator is a pretty straight forward device, one that you should be able to place your full confidence in, and for the most part they are. Calculators calculate numbers, the numbers are reliable, but how you interpret those numbers... not so...

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Mortgage Documentation, Plan Ahead!

Collecting the right documentation to prove you are a worthy candidate to borrow a lot of money to buy a property can be an arduous task. The most recent government rule changes and tightening of mortgage qualification isn't making things easier. If you seem to think...

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House Hacks: How to Make Small Spaces, Big

In 2016, the tiny house/small living space movement is in full swing. Individuals are choosing to live with less: less stuff, less square footage, less of a footprint. However, as these small living spaces become more of the “norm”, the people who inhabit them are...

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Buying Your First Home in Canada

What Newcomers Need to know! The reason I have a blog and share information is to educate my clients and prospective clients about mortgages. Obviously there is a lot to know about mortgages, financing, and buying property, and there are a lot of great ways for me to...

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Bank of Canada Rate Announcement Sept 6th, 2017

The following is the Bank of Canada rate announcement released this morning, if you have any questions about what this rate increase means for you and your mortgage, please don’t hesitate to contact me anytime. If you’re a fixed rate mortgage holder, this change...

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5 Things to Help You Survive Your 40s & 50s

You know those days where everything goes wrong and you’re so tired you don’t know what direction’s up? They’re a lot more manageable when you know what you’re working towards. Here’s 5 things that’ll help you survive—and make the most of!—your 40s and 50s. 1. Do work...

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Urban “Off the Grid”: An Introduction

You're on "the grid" Every few weeks, we open our mailboxes (or our email inboxes) with bated breath. Inevitably, we find another heap of utility bills, waiting to separate us from our hard earned dollars. This is not unusual; this is simply part of life for most...

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The Budgeting Resource Everyone Has (And Nobody Uses)

This article was written by Sandi Martin of Spring Personal Finance and was originally published here on Spring The Blog on Oct. 27th 2015. Does This Sound Familiar? You’ve read a book or a blog series or watched a show about budgeting and getting your money under...

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Thinking of Selling? Costs You Should Know About!

Often times it's the simple math that will betray you when selling a property. In your head you do quick calculations, you take what you think your property will sell for and then subtract what you owe on your mortgage, and the rest is your profit! Well... not so...

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How to Not Qualify for a Mortgage

If you have no desire at all to qualify for a mortgage, here are some great ways to make sure you don't accidentally end up buying a house and taking out a mortgage to do so. One of the best ways to ensure you won't qualify for a mortgage is to be unemployed. Yep,...

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I Missed a Credit Card Payment… Now What?

If you've missed a payment on your credit card (or line of credit) and you're wondering how this will impact your creditworthiness down the road, this article is for you. But before we get started, if you have an overdue balance on any of your credit cards at this...

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The 10 Don’ts of Mortgage Closing

Okay, so here we are... we have worked together to secure financing for your mortgage. You are getting a great rate, favourable terms that meet your mortgage goals, the lender is satisfied with all the supporting documents, we are broker complete, and the only thing...

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Bank of Canada Rate Announcement July 12th, 2017

The following is the latest Bank of Canada rate announcement, if you have any questions about what this rate increase means for you and your mortgage, please don't hesitate to contact me anytime. If you're a fixed rate mortgage holder, this change doesn't impact you,...

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Don’t Get Squished: How To Survive The Sandwich Years

This article was written by Randy Cass of Nest Wealth and was originally published on January 15th, 2016. Your 40s and 50s bring a new, different kind of financial challenge. In your 20s and 30s, you probably struggled with the question of how to make enough money....

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Are There More Mortgage Rule Changes Coming?

Recently, the Bank of Canada released its semi-annual Financial Systems Review (PDF document), which identifies some of the major risks that the Bank foresees on the economic horizon. Unsurprisingly, the Bank pinpoints increased levels of Canadian household debt and...

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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...

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Man Caves vs She Sheds

If you talk to any REALTOR®, they will confirm that in couples looking to find their "forever home" there has been a recent surge in demand for a space dedicated as a man cave. It could be the basement (the darker the better) or it could be in a garage, regardless,...

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Be More Productive with the Rule of 3

This article was originally published on LinkedIn by Chris Bailey on Oct 28th 2015. Chris is a self-proclaimed Jedi Master at A Life of Productivity where he blogs about being productive. For Some Strange Reason, Our Brain is Wired to Think in Threes. As kids, we grow...

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Allen Hubble, Mortgage Alliance

20 Penrose Court
Brampton, Ontario L6Z 4P1
Phone: 647-496-4400

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