Category Archives: borrowing

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When is the right time to refinance my mortgage?

Taking out some equity from your home to pay off higher interest debts can make sense! 80% is the magic number when looking to refinance.When seeking a refinance, the government will only allow you to pull out equity up to 80% of the value of the home.As an example:Current mortgage balance: $300,000Current value of home:…

The dirty little secret of the Canadian Mortgage Industry…EXPOSED!

Ah, the comments section on social media these days, they're hard to read, but even they're harder to ignore when you see the absolutely false/misleading statements being made in them. While "fake news" has been all the rage lately (Thanks to Donald Trump's insane ramblings). Every now and then I see something that is so…

St. John’s is the 4th least expensive city in Canada…

A Grateful Perspective of Real Estate in Newfoundland and Labrador The Real Estate market in St. John’s and surrounding areas have changed over the last few years years, but it shouldn’t scare you from making the move that you want to make. There is no denying we had a pretty good economic run from 2008-2014…

Buying a home in 2017? It just got more expensive.

It was announced this morning Jan 17th, that the countries national mortgage insurer will be once again raising insuring premiums on March 17th, 2017. (We expect Canada's 2 other mortgage insurers follow suit shortly). While the CMHC passes it of as only about $5 per month, in the case of an average home purchase on…

Interest rates are on the rise… (thanks Donald Trump)

Over the past few days, I've received many inquiries in my inbox with questions from clients asking what they should do about the real threat of interest rates rising that they are hearing in the media. This question has many different answers, and all can be relevant (or not) to your specific situation. Some people…