Edmonton Blog

Tips to Budget your Monthly Mortgage Payment

June 28, 2018

Mortgage payments occupy a large chunk of all homeowners’ monthly expenses. People, who plan on residing in the same house for numerous years to come, employ various methods to pay their entire mortgages earlier than anticipated. Being liberated from mortgages earlier may help you save thousands of dollars in interest, completely own the house, and significantly reduce monthly expenses. Monthly...

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Mortgage Rules

How to Get Best Mortgage Rates?

June 28, 2018

When you are purchasing a home or renewing your mortgage, whether for the first time or not, then you want to get the best rate possible. A lower mortgage rate will help save you money that you can then use to pay down your mortgage faster or save up for a rainy day. How do you get a great mortgage rate though? There are a few tips and tricks to securing a great mortgage rate, but one of the most ...

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Mortgage Application Form

Getting Out Of A Mortgage Is Possible

May 14, 2018

When you agree to a mortgage and sign on that dotted line, you enter into a long, legally-binding commitment. Depending on your terms, a mortgage can outlast the house/property or even its owner. With mortgage terms lasting several decades, it’s understandable that sometimes people want a way out. Here are a few ways homeowners can get out from under their mortgages. Defaulting Or Walking Away ...

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Getting A Mortgage While Self-Employed

May 14, 2018

It’s unfortunate, but self-employed Canadians have to work harder than most to secure a mortgage. Thankfully, it’s not impossible and can go very smoothly if done right. Read on to learn more. What you should know before seeking a mortgage Mortgage lenders are picky people and most of them consider self-employed people as higher risk. On the lender’s end, there’s more paperwork and a...

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First Time Home Buyer Edmonton

What Is The Home Buyers Plan?

April 2, 2018

The Home Buyers Plan (HBP) allows first-time home buyers to borrow from their RRSPs for a down payment. It allows first-time home buyers to borrow $25,000 from their RRSP tax-free. The only catch is that this $25,000 must be paid back over 15 years following the withdrawal. Don’t think of the HBP as free money; it’s more like a loan to yourself. Why Bother With The Home Buyer's Plan? You...

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mortgage specialist edmonton

What You Should Consider Before Buying A Condo In Edmonton

April 2, 2018

There are many reasons why you’d pick a condo over a duplex, townhome, or detached house, but there are also a few reasons why a condo might not be the right choice for you. When considering a condo purchase, you need to ask yourself, is a condo lifestyle something you want? The Advantages of Condo Ownership Condos are relatively low maintenance Condos still need to be maintained, but ...

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mortgage specialist edmonton

Tax Season Is Here – How Does Your Mortgage Fit In?

April 2, 2018

We have good news and bad news. The good news is that you don’t have to file anything for your mortgage on your income taxes. The bad news is that most of us do not get to claim mortgages / mortgage interest as a deduction. While our neighbours down south get to claim interest on their mortgages as tax deductions, the Canadian tax system does not allow it. There are exceptions, however, so c...

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What will a Mortgage Broker do for you?

February 20, 2018

Mortgage brokers take the formidable task of finding the right mortgage to suit your unique needs financial situation and make it manageable. They can help you navigate the uncharted waters of the mortgage world, and will make sure you have the right tools and knowledge to make the decision that will best serve you. There are unique aspects to mortgage brokers that differ from going to big banks, ...

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What to look for when buying your first home

February 20, 2018

If you are reading this blog, chances are you are thinking about buying your first home. Let us be the first to congratulate you on your decision, we know how big of a milestone it is for people when they buy a home, let alone their first! That’s why we are here to help ease the stress that comes with looking for and ultimately buying your first home. The process of buying a home really is a ...

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Why is it better to pay large down payment?

February 20, 2018

When deciding to enter into the world of home ownership there is an incredible amount of factors that need to be taken into consideration. One of the most important, and the one that will affect you the most down the road, is how much of a down payment you should put on your home. While it is not always possible to make a larger down payment, taking that extra bit of time to save or going with a h...

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