(587) 414-0812 josh@mortgagesforless.ca

      Federal Budget Entices Home Buyers

      Justin Trudeau's office released their proposed budget, which happens to include a few incentives for first-time home buyers. With the federal election coming this fall, these enticements were well timed. Should the Liberals be reelected we hope to hear more details...

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      Understanding Credit Card Interest

      Nobody likes to pay interest on their credit card purchases. But if you know how your credit card works, you'll learn when you do and do not pay interest and how much you can expect to pay. And once you know that, you can better plan to pay off your balance in full....

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      Making the Down Payment

      How much do you need for a down payment? 20%? 10%? 5%? In previous generations the goal was for 20% but in today's economic climate, just 5% is accepted by nearly everyone. Many financial experts will tell you it is not a good idea to borrow more than 80% of the cost...

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      No New Overnight Rate

      With no surprise, the Bank of Canada announced in their release last week that no change has been made to the overnight rate. It presently rests at 1.75% and has remained unchanged since October. In 2017 the Bank indicated, gently at first and then more assertively,...

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      Staying Afloat in the Mortgage Market

      If you've been paying attention to the mortgage market over the last year, you'll know all about the new mortgage stress test and regulations. If you're new to the scene, here's a recap. Back in 2017 the Canadian housing bubble was growing bigger and bigger. Housing...

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      Overnight Rate at a Standstill

      The Bank of Canada did not raise it's overnight rate this month, currently resting at 1.75%. Derek Holt, vice president of capital markets at Scotiabank believes that, "the market went too far in terms of pricing out rate hikes further on." And now the Central Bank is...

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      Variable Mortgage is Clearest Option

      The Bank of Canada bumped up its benchmark rate 5 times since July 2017. But most people expect that this trend has come to an end. Economists, business leaders and professionals foresee interest rates standing still until next Spring at least. The Bank of Canada...

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      No Rate Hike This Month

      As of the Bank of Canada's announcement yesterday, the overnight rate of 1.75% remains unchanged. Despite several recent hikes most speculated that the rates to pause, if only for a while. And as expected, the Bank decided to stand pat. "The global economic expansion...

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      How Can You Avoid Stress When Selling Your Home?

      The home selling process can be stressful, but it doesn't have to be. Today, we want to share a few tips to help you not only survive it, but thrive during it!  Start packing up things you don't use right away. As soon as you know you're selling, you need to start...

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      What to Look for in a Red Deer Mortgage Broker  

      While you can find plenty of real estate reality shows talking about what to look for in a house or how to repair a fixer-upper, there is far less advice out there about how to find the best mortgage loan. Even fewer sources discuss what to look for in a mortgage...

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