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Spring/Summer Best Time For a Mortgage

Spring/Summer Best Time For a Mortgage

After a long winter many Canadians feel like they’re coming out of a deep freeze. As soon as the weather warms up you’ll see Albertans out of doors as much as possible. Whether they’re soaking up the sun, getting started on their spring cleaning, or just taking the opportunity to be outside without the risk of their eyelashes freezing together, they all have one thing in common: a sense of a new beginning.

Refinancing While Rates Are Low

Refinancing While Rates Are Low

When rates are lower than what you already have, it’s a good time to consider refinancing. If your mortgage is coming up for renewal you’re in luck. Rates are at near historic lows and are expected to stay that way for at least the rest of the year. If your mortgage isn’t up for renewal anytime soon, it may still be a good idea to consider refinancing.

What Is a Mortgage Pre-Approval?

What Is a Mortgage Pre-Approval?

When you’re looking to buy a home for the first time, it is common to find yourself overwhelmed with the amount of information available to you from friends, family, and the internet. Information overload can leave you feeling unsure where to start. We’re here to tell you that the easiest and most helpful first step is: a pre-approval.

Getting Into the Home Owner Pool

Getting Into the Home Owner Pool

ate in 2017 the Office of the Superintendant of Financial Institutions (or OSFI if you don’t like tongue twisters) announced their mortgage stress test. This was done because housing prices were going up and up, with no peak in sight, the Bank of Canada (BoC) was making continued interest rate hikes, and Canadian households were already at record debt levels.