6 Apr 2017

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The downside of paying mortgages early

There are many reasons why someone may want to pay off a mortgage early, for some people the benefit lies in locking down a lower interest rate. However, early payment always comes with some form of a penalty. Common practice is that lenders will compare your interest rate to their current interest rate for the term closest to the amount of time left on your mortgage. Since there’s no rule about which rate to use, they can use any one. So what can you do to combat this? Well, if you know the annual prepayment amount for your mortgage (usually between 10% and 20% of mortgage), ask…

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30 Mar 2017

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A Primer on Credit Education

March is Credit Education Month, and coincidentally there have been a lot of headlines lately about scams and fraud attempts…

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22 Mar 2017

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Federal Budget 2017: Highlights for...

The Government of Canada announced the federal budget for 2017 today, and there were a lot of initiatives…

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16 Mar 2017

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Fraud Prevention Month: Understanding...

You will come across many contracts in your life, whether it be for credit cards, gym memberships, car…

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9 Mar 2017

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Fraud Prevention Month: Protecting...

You may have noticed in the media lately, that social media, Internet and app-focused scams are on the…

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1 Mar 2017

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Canadians are more vigilant on fraud...

According to a recent survey released by Equifax Canada, Canadians are showing signs of increased vigilance when it…

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1 Mar 2017

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Bank of Canada’s Hands Remain Tied

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the…

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22 Feb 2017

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Watch Out for Tax Scams this Season

As we head into tax season in Canada (due April 30, 2017), CRA and police are warning Canadians about…

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16 Feb 2017

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Tips for Unmarried Couples Buying Real...

According to a new report from Genworth Canada, more unmarried couples are choosing to buy a home together,…

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8 Feb 2017

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Can you qualify for a mortgage if...

It’s a common misconception we hear about a lot in the mortgage industry—you can’t get a mortgage if…

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1 Feb 2017

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Is Calgary Canada’s Affordability...

A recent Globe and Mail story is putting the attention on Calgary in a positive way, focusing on…

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25 Jan 2017

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10 questions to ask before choosing a...

The homebuying process is full of question-asking, as you will want to interview for the right professionals to work…

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18 Jan 2017

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Breaking Down the Mortgage Insurance...

Both CMHC and Genworth announced identical mortgage insurance premium hikes yesterday, which is causing a bit of panic,…

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