Four Ways to Get Value Out of Your Home Inspection
Any time that you're seriously considering buying a property, we recommend that you get a home inspection done. They do cost about $500, but they are well worth your money to ensure that you're not buying a broken home. I have four tips to help you get the most out of...
The Most Important Things to Look for in a Red Deer Mortgage Broker
Securing a mortgage is the hardest part of buying a new home, though this process is made simpler and smoother when you have an expert mortgage broker by your side. But while you can find plenty of advice on what to look out for when shopping for a home, there’s far...
Why the Bank of Canada Is Going Slow and Steady
The Bank of Canada is holding interest rates at 1.25% after their April meeting, but they’ve already said they’re going to raise interest rates later this year as soon as the data says it is warranted. Why did the Bank of Canada keep rates steady? Because of the...
The Intergenerational House Purchase
An increasingly common wedding present request is not furniture or dishes but money toward the purchase of a home. The Home Buyer’s Plan allows you to take out up to $25,000 from your RRSP to buy a home in Red Deer for the first time, though the money must be paid...
The Secrets Red Deer Home Buyers Need to Know
A house or condo is the biggest and most expensive item most of us will ever buy. Mistakes during the home shopping or buying process can literally cost you thousands, and depending on the type of mistake, it could cost you tens of thousands of dollars over the life...
The Mistakes Too Many First Time Home Buyers Make
Here are the mistakes too many first time home buyers make. We’ll also discuss how to avoid making these mistakes yourself. “I Like How It Looks – Let’s Get It” While the way the home looks is a factor in what we think of a potential home, especially when creating...
You Know You Have Too Much House When …
Home ownership is a good thing. But for some people, it can be too much of a good thing! If your house has become too expensive, too big, too time-consuming or too much to think about, maybe it’s time to downsize. Here are 5 reasons to consider moving into a more...
A Look at the State of Mortgage Penalties Red Deer Mortgage Broker
Mortgage penalties have become a hot topic after news stories popped up when families were hit with five digit penalties for breaking a mortgage. In some cases, they were assessed these penalties in order to refinance an adjustable rate mortgage as interest...
New Mortgage Stress Test
January 2018 Brings New Regulations for Mortgage Lenders The OFSI announced rule changes in October, 2017 that will go into effect at the start of January, 2018. The most prominent change is the new standard for stress tests, though other rules will also...