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Treating your Mortgage like Rent
Many home owners make the mistake of treating their mortgage as a rent payment. Doing this can cost you thousands of dollars in extra interest. Read this article for more information on how you can save money!
Mortgage Rule Change Reminder
Brief video explaining the reduction to maximum amortizations in Canada. What does it really mean will it mean the end of affordability?
Calculating your Debt Service Ratio
There has been a lot of talk lately about the high debt levels in Canada. Learn how to calculate your debt service ratio. It should be not much higher than 40% for you to live comfortably.
Collection Agencies: Know your Rights
If you’ve ever had an unpaid bill go to a collections agency, you know what a hassle they can be. These companies are paid according to the bills that they collect on – and they’ll often go extreme lengths to make that money.
Alberta has Most Affordable Housing in Canada
The latest Housing Trends and Affordability report released February 24th by RBC indicates that Alberta housing is not the most affordable in the country.
Mortgage Rates Up and Down
Research released by the Bank of Canada Thursday, not surprisingly suggests that Canada’s largest banks are slow to pass on cuts in the Bank of Canada’s policy interest rate.
Video: 2011 Mortgage Rule Changes
The Alberta Mortgage Brokers Association put together this recorded webinar to go over the recent government mortgage rule changes
Mortgage Life Insurance
Mortgage Protection Plan is Canada’s largest independent provider of mortgage life and disability protection. Their products are totally portable so you never again have to worry that if you want to switch lenders, you could lose your insurance as well.
Is a 10 Year Fixed Mortgage Right for You?
Right now fixed interest rates between 5-10 years are still less than 5%. We have some 10 years rates fixed at only 4.99%. That is very low and over the next 10 years as interest rates increase, you may want to or wish you had been in a fixed rate that is low and save during the last 6-10 years of the next decade.
Bank of Canada Leaves Prime at 3%
As expected the Bank of Canada has kept prime at 3% for the time being. Learn why.
