What the latest Bank of Canada interest rate hike means for you

07 Sep 2017
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THINK OUTSIDE THE BOX: The Bank of Canada’s increase to its key interest rate Wednesday, the second bump since July, will start putting a more noticeable squeeze on consumers holding variable rate mortgages, lines of credit or any consumer debt …

What is a private mortgage and when does it make sense?

05 Sep 2017
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THINK OUTSIDE THE BOX: For those having trouble qualifying for a traditional mortgage, other solutions are still available, one of which is a private mortgage.

And with increasingly stricter mortgage regulations and qualification requirements being introduced by the government, they’re growing …

Calgary’s millennials own more real estate than those elsewhere in Canada, Royal Lepage survey suggests

31 Aug 2017
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THINKING OUTSIDE THE BOX: ‘They don’t want to waste their money renting’

Calgary millennials own more real estate than their generational counterparts, but new mortgage rules could change all that.

That’s the findings of a new survey done by Royal Lepage that shows Calgary’s younger …

Most homeowners don’t compare mortgage rates on renewal

31 Aug 2017
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THINK OUTSIDE THE BOX:  Best option is to use a mortgage broker whose primary task is to find you the best deal possible.

Using websites to compare travel products has become widespread but the same does not appear to be true …

Is a home equity line of credit right for you?

31 Aug 2017
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THINK OUTSIDE THE BOX: Buying a new home is an exciting but often stressful experience. The variety of financing options now offered by lenders is overwhelming.

One of the most popular options is a home equity line of credit. With interest …

Homebuyers: Avoid These Common Mortgage Pitfalls

28 Aug 2017
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THINK OUTSIDE THE BOX: A home is the largest purchase most people will make in their lives.

That should reinforce the importance of planning ahead, doing your research, relying on the advice of experts and not rushing through the process.

With nearly 700,000 homes …

Top 5 costly financial mistakes homeowners make with their mortgage

23 Aug 2017
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THINK OUTSIDE THE BOX: Please give Garth a call to get expert advice and not be affected by these costly mistakes:

Not consolidating high interest debt into low interest mortgage.
Paying “fees” to get the lower rate
Not looking at …

Geoff Lee explains the fundamental advantages of brokers

20 Jul 2017
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THINK OUTSIDE THE BOX: For most Canadians, mortgage brokers continue to be crucial part of the home purchase process. In a recent analysis, mortgage professional Geoff Lee offered some justifications as to why this remains so.

Familiarity with other industry players

Mortgage …

Canadians managing mortgages despite soaring household debt load

19 Jul 2017
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THINK OUTSIDE THE  BOX: Canadians may be shouldering near-record household debt but homeowners have been managing it better than those than don’t own property, according to the country’s housing agency.

Mortgage delinquency rates and credit scores improved in the fourth quarter …

Is Cochrane ground zero for future real estate strength in Alberta?

19 Jul 2017
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THINK OUTSIDE THE BOX: Amid Alberta’s recent economic troubles—which have affected its real estate activity in turn—Cochrane has silently increased its population by nearly 50 per cent over the past 6 years, growing by 4.5 per cent in 2016 alone.

Officials stated …

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