28 Mar

Understanding the First-Time Homeowner Buying Process

General

Posted by: Jamie Arthurs

Buying your first home is an exciting yet challenging journey. We do our best to educate all our clients before going through the home buying journey. We know that first-time home buyers are likely to have a lot of questions and need extra guidance. We specialize in just that! Call us today to learn more or […]

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11 Feb

Is a Purchase-Plus Improvement Mortgage a Viable Option for a Home Renovation Loan?

General

Posted by: Jamie Arthurs

Homeowners have many options for obtaining the funds needed to renovate their properties – such as home equity loans, home equity lines of credit, personal loans, and mortgage refinancing. But what if you plan to purchase a home that needs fixing up? In this case, there is another frequently overlooked home renovation loan option: a purchase-plus improvement […]

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28 Jan

What is the Typical Rule of Thumb When Looking into Mortgage Refinancing?

General

Posted by: Jamie Arthurs

Mortgage refinancing involves taking out a new home loan to pay off your existing one. There are many reasons why a homeowner might consider refinancing, but the most common reason is to consolidate other debt or lower your interest rate. Not only does consolidating high interest debt save homeowners hundreds of dollars every year, but it […]

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14 Jan

What to Do If Your Mortgage Renewal Gets Denied

General

Posted by: Jamie Arthurs

When your mortgage matures, it indicates the end of the current term of your loan. When your term is shorter than your amortization period, you have to go through the renewal process several times until you pay off the entire loan. Before your term expires, your lender will send you a renewal offer. The offer […]

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31 Dec

Buying a Home: Mortgage Brokers Vs. Big Banks

General

Posted by: Jamie Arthurs

Buying a home is an exciting venture; it can also be overwhelming and stressful! There are many factors to consider, such as a mortgage broker. You want to find someone local who knows the market, so if you’re buying in Edmonton, you’ll want a mortgage broker in Edmonton, and likewise if you’re buying in Toronto, you’ll […]

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17 Dec

Top Mortgage Refinancing Mistakes Home Owners Should Avoid

General

Posted by: Jamie Arthurs

There are several reasons for wanting to refinance your home. Perhaps you’re looking to pay off your credit card debt, update your kitchen, or reduce your mortgage payments. Refinancing can make good financial sense; but there are things you should be aware of before you jump in to the first offer available to you. Mortgage refinancing […]

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19 Nov

The Details Behind Debt to Income Ratio for Mortgages

General

Posted by: Jamie Arthurs

The Debt to income ratio (DTI) is the measure of the debt held by a household to the amount of disposable income. DTI ratio is calculated by summing up all the debt a household has (mortgages, car loans, credit card debt, personal loans) and dividing it by the annual income (before taxed and deductions). Contact Jamie […]

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