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 website. 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.

Should You Keep a Small Balance on Your Credit Card?

Recently the good people over at Nest Wealth published an article called "The Worst Money Advice We've Ever Heard". On the list was "Always keep a small balance on your credit card". What they have to say on the subject is spot on: Someone, somewhere, starting telling...

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What You Can Expect When Locking in a Variable Rate

If you have a variable rate mortgage, and recent economic news has you thinking about locking into a fixed rate, here is what you can expect will happen. Firstly, your lender will be very happy as they will now make considerably more money off you. Not only will your...

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Getting on the Property Ladder

As property prices continue to rise across Canada, the conversation around "how to climb the property ladder" has made a subtle shift to "how to get on the property ladder in the first place." Especially if you're single. Whereas before it was assumed anyone would...

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Homebuyers: Avoid These Common Mortgage Pitfalls

A home is the largest purchase most people will make in their lives. That should reinforce the importance of planning ahead, doing your research, relying on the advice of experts and not rushing through the process. With nearly 700,000 homes purchased in Canada each...

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Advice for Single Homebuyers

More than a third of first-time homebuyers in Canada are single. If you’re thinking of joining this group, here’s what you need to do and know before jumping into homeownership. Study the market. Identify neighbourhoods you want to live in and check to see how much...

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Mortgages – So Much More Than Just the Lowest Rate!

There aren't too many Canadians who are able to save up enough money to pay cash for their home. This is why we have mortgages. A mortgage is a loan made to assist a borrower to purchase a property. The property is held as collateral and interest is charged on the...

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Bank of Canada Rate Announcement Jan 17th, 2018

The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Recent data have been strong, inflation is close to target, and the economy is operating roughly...

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5 Things You Need to Know Before You Co-Sign a Mortgage!

So you're thinking about co-signing for a mortgage? Okay, do you really know what that means do you know what you are getting yourself into? Co-signing isn't necessarily a bad thing, but there is certainly a lot of misinformation floating around on the subject....

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The Year That Was and the Year to Come

2017 is in the rear view mirror and the road to 2018 is directly in front of us! As starting a new year is a great time to gain some perspective, let's reflect on some of the changes brought about this last year in the Canadian housing and mortgage market, and maybe...

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Happy Holidays 2017!

I'm going to be taking a short blog holiday over the Christmas season and will resume publishing new content in January of 2018. If you need to reach me for any reason, please don't hesitate to contact me anytime! Hope you have an incredible remainder of...

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As Simple as Porting Your Mortgage!

As simple as porting your mortgage! Said by no one ever. The truth is, there is nothing simple about porting your mortgage. "Porting your mortgage" involves transferring the remainder of your existing mortgage term, outstanding principal balance, and interest rate to...

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I’ve Never Heard of That Lender Before?

One of the benefits of working with an independent mortgage professional; compared to getting your mortgage through a single institution, is choice. And as there are even more mortgage rules coming into place January 1st 2018, (read about them here) now more than...

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Bank of Canada Rate Announcement Dec 6th, 2017

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economy is evolving largely as expected in the Bank’s October Monetary Policy...

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10 Tested, Proven Ways to Become Less Productive

Let’s face it: while there is an abundance of articles on how to become more productive, there aren’t a lot on becoming less productive. With that in mind, I decided to put this article together. While it’s helpful to focus on how to get more done every day, it can...

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Spousal Buyout Mortgage?

If you happen to be going through, or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property in order to buyout your ex-spouse. For most couples, their property is their largest...

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In the Middle of a 10 Year Term? You Have Options!

If you bought a house, or had a mortgage renew roughly five years ago, there's a chance the struggling economy and the relatively low interest rate environment (at the time) influenced you to "play it safe" and lock in a mortgage term for the next ten years. Because,...

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How Interest Rates are Like Gas Prices

Have you ever noticed that just like gas prices, interest rates seem to go up and down for no reason at all? How come it feels like right before you are ready to buy a property, rumours of interest rate changes will start to flood the media? Or why do gas prices...

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Minimum Required Credit Profile

Credit. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. When you borrow money to buy a house, you will be required to prove that you have a good history of managing your credit. But what...

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Bank of Canada Rate Announcement Oct 25th, 2017

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Inflation has picked up in recent months, as anticipated in the Bank’s July Monetary Policy...

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Allen Hubble, Mortgage Alliance

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

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