Common Mistakes Fort McMurray Home Buyers Make 

First time home buyers are prone to making mistakes, though they are literally costly. Here are the most common mistakes Fort McMurray home buyers make as well as advice on how to avoid making them yourself.   Buying Too Much House   There are several ways you could...

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An Overview of Mortgage Penalties

An Overview of Mortgage Penalties There is an old joke that the only things that are inevitable are death and taxes. We hate taxes every time we pay them because of how much of our income it takes. And many homeowners hate mortgage penalties for the same...

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Fixed and Variable Rate

How to Decide Between a Fixed Rate and Adjustable Rate Mortgage For those deciding to buy a new home, the next question for most is how they’re going to pay for it. Very few home buyers have the cash to buy a property outright, so a mortgage is necessary....

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Mortgage Rate Forecast

Mortgage Rate Forecast Mortgage rates have been historically low for 2017, though they were raised twice. And in October, 2017, the Bank of Canada said it would hold interest rates steady for now. But what is likely to happen to interest rates in the...

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New Mortgage Stress Test

An Overview of the New Mortgage Stress Test Rules The January 2018 Rule Changes Toward the end of October 2017, Canada’s banking regulator announced it was changing the underwriting guidelines again. The OFSI guideline B-20 will further tighten lending...

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