NormanLane Real Estate | 709-221-SOLD | 323 Freshwater Road St. John's NL A1B 1C3

Category Archives: borrowing

Money for Nothin’ (but your cheques are free!)

How did this happen? (to me)  It's hard to explain to someone what a mortgage penalty is, or just how painful they can be when you find yourself in a situation to trigger them. Only those that have had to pay the  $5900, $8100 or even higher in the past will be able to tell…
Read more

Recession is coming…

Not if, but when... For the last 5-6 months, I've been telling anyone who would listen that the USA (and subsequently Canada)  is due for a major recession. Since the beginning of the "Great Recession" that sent the stock markets tumbling in 2008, the US has not only recovered but they've been on a "Bull"…
Read more

2019 Budget: What does it mean for housing market in NL?

Well, in short, not much. I've seen the Global and CBC headlines shared out by countless Real Estate and Mortgage Professionals in the past 36 hours. I've actually had to go back and re-read it several times as it seems some are seeing it as "great news for buyers" but  it's really much ado about…
Read more

Variable Rate Mortgage? Switch and save $5000 or more!

Tick-tock... If you've negotiated a variable rate mortgage over the past 3-4 years, and stuck with it, you're probably in a prime minus .35-50% product. This would put you in the 3.50% range This was an excellent deal back then, but only so-so today. Timing is everything Well, we're currently seeing limited time discounts that…
Read more

Let's Talk!