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.

Watch What I Do, Not What I Say

Is the government being reckless and irresponsible or will rates be this low forever? Here's a great article that compares the recent changes to mortgage qualifications imposed on Canadians (what the government says) and the government's own borrowing (what they are...

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The Benefits of Consulting a Mortgage Broker

Navigating the real estate and mortgage processes with the help of an expert mortgage broker can help set your mind at ease when making one of the largest financial decisions of your life. Mortgage brokers negotiate with lenders on behalf of borrowers daily, so they...

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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...

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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 new home, but can't...

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A List On Living Off Grid

If the great BC power outage of 2015 taught us anything, it was that anything can happen at any time. Final tallies estimate power was lost to over 500,000 homes and businesses across BC, with some outages lasting several days. This had a lot of people taking a good...

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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...

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Have You Considered a Purchase Plus Improvements?

You're pre-approved for a mortgage, you've been shopping with location in mind, but unfortunately the perfect property isn't jumping out at you. There is no doubt about it, finding the perfect property (within your price range) is a difficult task, especially for...

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Mortgage Brokers Continue Fight for Competition

As you may well be aware, the government has recently made changes to the way mortgages are qualified through the Canadian Mortgage and Housing Corporation (CMHC). In short, these changes have made it more expensive for some of the broker channel lenders to fund...

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Questions and Answers | Smart Home Series

Welcome to the third and final post in a series about smart homes and technology. In case you want to start at the beginning, you can find the introduction here, while we went room to room in the second post. Now, this post WAS going to focus on new gadgets, fresh off...

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The Smart Home: Room By Room | Smart Home Series

Last week on the blog we talked about smart technology, this week we go through the home. Next week we finish the series with a question and answer period that will help you decide which smart technology is right for you! Varied, intricate but certainly user friendly,...

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An Introduction to “Smart” Technology | Smart Home Series

Welcome to the introduction article of a 3 part series focusing on smart technology with a focus on smart homes. Expect part 2 in a week and part 3 a week after that. 3 parts, 3 weeks, simple as that. We all need some sort of “down time” in our lives; time to unwind...

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Bank of Canada Rate Announcement Mar 1st, 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. CPI inflation rose to 2.1 per cent in January, reflecting higher energy...

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What is Mortgage Fraud?

Have you ever wondered about how to protect yourself from mortgage fraud? Although the chances of you becoming a victim of mortgage fraud is relatively small, if you do become a victim, it will certainly have a long lasting negative impact on your life. So best to be...

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If You’ve Ever Tried and Failed at Budgeting

This article was written by Sandi Martin from Spring Personal Finance and was originally published on Spring the Blog July 21st 2015, but it was so good we wanted to share it on our blog as well! If you've ever tried and failed at budgeting, or if you've never tried...

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A Bigger Downpayment Doesn’t Always Mean a Lower Rate!

If you've been following the financial news in Canada lately (or if you read the blog here regularly), you will know that a lot is changing in the world of mortgage financing. Most recently, the Canadian Mortgage and Housing Corporation (CMHC) announced an increase in...

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Avoid This Mistake When Shopping for a House

No doubt about it, buying a home is an emotional experience. It's a game of balancing needs and wants, while trying to be honest with yourself about those very needs and wants. It's hard to get it right, figuring out what's negotiable and what isn't... what you can...

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A List on Garages

As families grow and the limits of space are reached in the home, the garage is no longer just a comfortable place to park the car in the winter... it becomes quite the multipurpose room (which is code for storage locker for stuff you don't really use but don't want...

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4 DIY Solutions for Your Bathroom Space

All of us are looking for ways to make our living spaces more efficient whilst keeping the style intact; and certainly the bathroom space is no exception. The question becomes, “How do I do this without spending a small fortune on renovations and upgrades?” The answer...

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Bank of Canada Rate Announcement Jan 18th, 2017

Looks like 2017 begins the same way 2016 ended, with the Bank of Canada announcing that it has maintained its target for the overnight rate at 1/2 percent. While the Bank Rate is correspondingly 3/4 of a percent, with the deposit rate holding steady at 1/4 percent as...

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Allen Hubble, Mortgage Alliance

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

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