Category Archive: General

Nov 23

Are there hidden fees when dealing with a mortgage broker?

Are there hidden fees when dealing with a mortgage broker? I come across this question every now and then…as a matter of fact I ran into somebody the other day who was refused a mortgage by the banks and when inquiring about going through a mortgage broker he was told by a “friend” that mortgage …

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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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May 27

Little “White Lies” about Pre-payment Options

Your banker and your smart brother-in-law have told you, “make bi-weekly payments and save thousands in mortgage interest!” So, weekly payments should save even more? How about daily payments? Are the banks not allowing daily payments because they would never make money on a mortgage? The moral of the following story: it is not how …

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May 27

Mortgage Free Sooner – Common Sense Ways to Trim Years Off Your Mortgage

Shop around! Bank employees are paid to protect the bank, and getting the right mortgage from them usually involves playing games. Why waste your time? Getting a good interest rate is crucial, but don’t forget, flexibility and options are also important. Talk to a mortgage professional who can give you impartial advice and is not …

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