Tips for Getting the best Fort McMurray Mortgage Rate

Canadians look for deals, but many opt for the first mortgage they are offered. We know this because an international HSBC survey found that Canadians came in tenth in the number that bothered to shop for a better mortgage rate. Yet the size of a mortgage means that...

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Factors That Determine Your Eligibility for a Mortgage  

Sometimes it is you - or rather your credit - that determines your eligibility for a mortgage and the interest rate you’d be charged. However, a number of factors about the property itself determine whether or not you can get a mortgage for it and the rate you’d be...

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How Can You Build Home Value?

A lot of people ask me, "Where can I go to get the best value on my house?" You don't want to buy something just to buy it. You want to buy something that will increase in value over the next five years.  One way to go is to buy the first house in a new subdivision in...

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Top Things to Look for in a Fort McMurray Mortgage Broker 

While finding the best mortgage for you and your budget is a challenge, that process is made easier by working with a Fort McMurray Mortgage Broker. However, it is essential that you find the right mortgage broker for you. What should you look for in a Fort McMurray...

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Best Kept Secrets of Home Buying Fort McMurray

Here are a few of the best kept secrets before buying a home in Fort McMurray. We’ll tell you what you need to know before you start shopping for a home or Mortgage in Fort McMurray and the reasons why ignoring these tips could literally cost you.   Get Pre-Approved...

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Mortgage Qualifying Rate Increases to 5.34%

On May 9, 2018, the Bank of Canada raised the qualifying mortgage rate used for mortgage stress testing from 5.14% to 5.34%. This is not the rate you will pay, rather this is the rate we are required to use to qualify you for a mortgage. This rate is...

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47% of Canadian Mortgages Renew in 2018

2018 is the year of mortgage renewals in Alberta! This has been Mortgages for Less’ busiest year with mortgage renewals. A CIBC Capital Markets report says that an estimated 47 per cent of all existing mortgages will need to be renewed this...

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Slow and Steady Says the Bank of Canada  

At the end of 2017, the Canadian economy was described as very close to capacity. As that year drew to a close, economic growth hit 3%. Then things slowed down since then due a number of factors.  One was anxiety over international trade, mostly due to President...

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