Each Office Independently Owned & Operated
Posted by: Jen Lowe
NEED AN APPRAISAL – 7½ TIPS FOR SUCCESS Do you need to get a current value of your property? Then you are going to need an appraisal. Banks and other lending institutions want to know the “current” market value of your home before they consider loaning money on the property. An appraiser checks the general […]
Read MorePosted by: Jen Lowe
WHAT THE ELECTION RESULTS MEAN FOR YOUR MORTGAGE With all the news we have seen on the election, I thought I would sum it up from a mortgage industry perspective. What the liberal win means for your mortgage: 1. We will see the continuation of the First Time Home Buyers’ Incentive. Check out the link […]
Read MorePosted by: Jen Lowe
FIXED RATES OUTWEIGHING VARIABLE We are currently in a very unique situation when it comes to 5-year fixed and 5-year variable interest rates. For the first time in almost a decade, the lowest 5-year fixed interest rate is more than 0.30% lower than the lowest available variable interest rate for new mortgages. For some, their […]
Read MorePosted by: Jen Lowe
WHAT IS A MORTGAGE BROKER? You may have noticed that there are many different terms for those of us who work in the mortgage industry besides “broker”. Mortgage: specialist, expert, advisor, associate, officer, etc. I just want to clear up some potential confusion with all these monikers. There are 2 main categories that these fall […]
Read MorePosted by: Jen Lowe
4 WEIRD THINGS LENDERS ASK FOR A number of times I have had people who wonder why they need to provide so much documentation when it comes to arranging a mortgage. Besides an employment letter, you are usually asked to provide a pay stub and your most recent Notice of Assessment (NOA) to prove income. […]
Read MorePosted by: Jen Lowe
20 TERMS THAT HOMEBUYERS NEED TO KNOW Buying a home is one of the most important financial decisions you will make. It’s common for a first-time homebuyer to be overwhelmed when it comes to real estate industry jargon, so this BLOG is to help make some of the jargon understandable. To help you understand the […]
Read MorePosted by: Jen Lowe
What a great article written by my colleague, David Cooke about the power of amortization! From balancing the stress of monthly cash flow to becoming mortgage free quicker than you thought! 99 YEAR MORTGAGES AND THE POWER OF AMORTIZATION Back in the late 80’s, the Japanese housing market came to a grinding halt. Homes were […]
Read MorePosted by: Jen Lowe
What a great article–this is so true! When it hits the media that rates are increasing what does everyone do–panic and head to the bank to lock in and what did the bank do already? Increase fixed rates… its horrible! Contact me before you lock in! WHO REALLY SETS INTEREST RATES? A recent article in […]
Read MorePosted by: Jen Lowe
Super important topic…..credit is everything now a days…. good credit will even warrant you cheaper home insurance. So check this out from my colleague Kelly Credit Cards for the Credit Challenged If you want to buy a home and don’t have a bucket load of cash – you are going to need a mortgage. In […]
Read MorePosted by: Jen Lowe
What a great article for retirees and elderly clients outlining the pros and cons of consolidating and a reverse mortgage as an option to increase your cash flow when you are on a fixed income/pension. DEBT: TO CONSOLIDATE OR NOT TO CONSOLIDATE? THAT IS THE QUESTION If you are a Canadian living in debt, you […]
Read More