Mortgage News
Happy (Almost) Spring!
We share the sentiments of everyone right now that the global impact of the COVID-19 virus has turned our world upside down.
Canadian Housing Market leading the way for the economy to rebound
Buying a home is one of the most important and exciting steps in your life…. found the home you want now you need a mortgage. Deal with people who can offer you and your family the best options.
Dealing with Mortgage Payment Difficulties & Fort McMurray fire disaster
When unforeseen financial circumstances impact your ability to make regular mortgage payments, or disaster strikes, it’s important for you to take quick action. With early intervention, cooperation, and a well-executed plan, you can work together with your mortgage professional to find a solution to your financial difficulties.
Sarah’s Mortgage Now Inc. testimonial
“Going through a divorce is a stressful, emotionally stunning time. Thinking about all the ins and outs of daily life not to mention the big picture items such as mortgage, bills, children’s care and expenses that accumulate with legal fees is overwhelming and pressure-filled.
CMHC Calls Out Real Estate Markets for Signs of Overvaluation
The Crown Corporation, which monitors the housing market in the country, is coming around to the view that there may be some overvaluation and overbuilding in some Canadian cities.
What to do with your TFSA?
For you savvy investors out there — or those planning on investing this year– now is a great time to think about your TFSA contribution for 2015. As of January 1, eligible Canadians (residents over 18) can contribute an additional $5,500 to their TFSAs. That brings the total contribution room to $36,500.
5 Benefits of Buying a Home in the Off-Season!
Spring and summer are commonly known as peak-season in Canada’s real estate market. But there are a number of benefits to purchasing in what is considered off-season too! From cost savings to enhanced convenience, here are five advantages of off-season house hunting and off-season home buying.
Financial Preparation around Christmas from your Saskatoon Mortgage Brokers
As we close on the ‘spending season’ it’s a timely reminder to be aware of the potential financial damage that can occur if you rely on short term debt to fund it. There are far better ways to approach this spending then relying on your credit cards.
Closed vs Open Mortgages explained by Mortgage brokers
The various types of mortgages can seem bewildering to the first time homebuyer, but understanding all your mortgage options will help you make the best financial decision when choosing your mortgage. This article explains the difference between a closed mortgage and an open mortgage.
Common Credit Score Myths explained by Mortgage Now Inc.
This three-digit number is surrounded by a lot of misconception and misunderstanding, we can help you better understand how your ‘credit score’ works.
5 Tips to Become Mortgage-Free Faster!
There are a number of strategies to help homeowners pay off mortgages quicker; all involve paying more money. Your first step should be to determine if you have the flexibility in your budget to put more money toward your mortgage.
Buying a House With a Friend is Becoming the New Trend!
With house prices rising, it can be difficult to afford a home on your own. You and a friend might be in the same situation and feel that if you pool your resources, you can invest in a home instead of throwing your money away by paying rent. What all parties have to realize is that this is a business partnership and should be treated as such.
How can Bridge-Financing Fill the Gap Between Home Closing and Buying?
You have just found the home of your dreams and can’t wait to make an offer but you still have your own home to sell. There are options as to what you can do so that you don’t miss out on this opportunity, depending on your situation.
Where Can I Find a Down Payment?
Thinking of buying a home but not sure where to start when it comes to finding a down payment? The minimum down payment in Canada is 5% of the home purchase price with the average range for most down payments being 5 to 20%. As of July 9th, 2012, all homes over $1 million dollars will require a 20% down payment.
6 Inexpensive Ways to Reduce Your Energy Bill
Is a budgeting plan a part of your new year’s resolution? Why not start with lowering your energy bill…There are a lot of little things you can do to make a big difference in your heating or cooling bill. Here are just a few examples…
What Do You Miss Least About Renting?
In this day of low-interest rates, the temptation to buy a home versus renting one is higher than ever. While it’s true that homeownership isn’t an ideal choice if it’s going to leave your house poor, or if you’re not ready to settle down in one location, there are definitely a lot of positives involved for those willing to take the plunge.
Secondary Suite Program
Secondary suites, commonly known as basement suites, are a form of housing that can be put in single family homes. These rental units are a great way for homeowners to generate extra revenue.
Self Employed and Buying a Home
Many people may believe getting a mortgage while self-employed is difficult or even impossible. The truth is, it’s not! The mortgage approval process for a self-employed individual can be very easy.
Mortgage Payment Frequency Options
When it comes to deciding how often you’d like to make your regular mortgage payments, you can choose which mortgage payment frequency option will best benefit you. You have the option to synchronize your mortgage payments with your pay schedule.
Happy People Live in Small Houses
Thinking of Purchasing a Smaller Home? Moving into a smaller space does have its benefits, and there are a variety of reasons for downsizing your home, even if you’re not retiring.