Nov 08

Consulting a Calgary Mortgage Broker Simplifies the Buying Equation for You

How-to-choose-a-mortgage-broker

First time home buyers fret over getting a mortgage loan. The loan mortgage process is full of jargon, and a first time home buyer may find it overwhelming to process all the information on procedures. Finding a competent Calgary mortgage broker is somewhat like picking out a needle in the haystack; your broker will have …

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Sep 14

New Appraisal Policy May Have a Calgary Mortgage Broker Reassessing Property Values in Flood-Prone Areas

Experts say the flood that hit southern Alberta last June 2013, which took its toll on Calgary’s richest suburbs, was unlike any other in North America. Weathermen expected a typical storm, only to get driving rain that would spawn the worst flood in Alberta’s history. In an article written over a month later, CBC News …

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Jul 14

Using Your RRSPs To Buy Your First Home

Using Your RRSPs To Buy Your First Home You might or might not know that you can use your RRSP savings to buy your first home in Calgary or anywhere else in Canada. We start buying RRSPs to save on taxes and to save for our retirement. But most of us don’t think of using …

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Dec 16

When does it make sense to consolidate debt?

We all have debt, some of it is good debt and some is not so good debt. Either way debt can sometime stop us from doing what we really want or need to do and the debt bad or good will always need to be paid back. Paying off debt can sometimes be all consuming …

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Dec 09

The cost of waiting it out

OK over the past month of posting I have been putting a fairy positive spin on where I think the market is heading, and that specifically in Calgary I believe there will be a very modest increase in home prices. While discussing this with clients, friends, and family I have realized most do not really …

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Nov 23

Housing starts set to increase in Calgary

Ran accross this article this morning http://tiny.cc/0bfm2 which supports the opinion of many I talk to about growth in Calgary. Other major centers in Canada such as Toronto and Vancouver have already seen growth with Alberta lagging behind. However it is looking like that is set to change at the expense of Ontario and BC. …

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Nov 18

The European debt crisis could save you money on your mortgage!

This European sovereign debt crisis could lead to substantial interest savings on your existing mortgage. The liquidity concerns that the European banks face (similar to the US Banks in the fall of 2008) has created a unique situation, where short term money (variable rate mortgages) become more expensive and where longer term money (US and …

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Nov 17

Credit line or Mortgage?

Sifting through the usual bombardment of information this morning I came across this article and it really struck me that generally people do not know what they have gotten themselves into when they opt for a secured line using their home as collateral. While the statistics in this article are quite high demonstrating the general lack …

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Nov 16

Is now the time to buy in Calgary?

So I had a very interesting conversation this morning with my colleagues.  As the conversation usually goes, there was a lot of talk about the economy, politics, interest rates, and the usual stuff where we try and figure out where this crazy world and our industry is heading. The conversation eventually headed to a point …

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May 27

The perfect home (with some improvements!)

Has this ever happened to you? You are house hunting. You have already determined your price range. Now you find a home you love, at the upper limit of your range, but it needs a new roof! You can swing the purchase financially, but you will have no cash left for the new roof. Enter …

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