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Category: Finance (35 posts)

  • September 7, 2022 @ 3:35 PM
  • Posted by Angela Robinson

Which is the best plan to save for your first house? The new First Home Savings Account, a TFSA, or an RRSP?

With housing prices still going through the roof, it’s not easy to save up enough for the down payment on your first house. The federal government recently created the Tax-Free First Home Savin

  • August 24, 2022 @ 2:11 PM
  • Posted by Angela Robinson

Credit Scores and Interest Rates

Let's take a look at how your credit scores can impact interest rates when you apply for a mortgage.    The chart shown illustrates how much your credit score affects the annual percentage

  • August 10, 2022 @ 2:25 PM
  • Posted by Angela Robinson

How to Get the Lowest Refinance Rate

Now may be a great time to refinance your mortgage! If you are considering a refinance, there are a few things you can do to help you earn the lowest possible rate:     Make additio

  • July 27, 2022 @ 2:14 PM
  • Posted by Angela Robinson

The Worst Credit Card Mistakes You Should Stop Making

There are several important benefits of using a credit card to shop. You can earn rewards, build your credit and take advantage of points and perks. But while shopping with a credit card can be c

  • July 13, 2022 @ 2:21 PM
  • Posted by Angela Robinson

5 Reasons Why Refinancing your Home is a Good Idea

Thinking of refinancing your property? Find out why it’s a good idea below.   What is Refinancing? Refinancing is when a bank or finance company buys out the mortgage on your property. C

  • May 11, 2022 @ 1:50 PM
  • Posted by Angela Robinson

Three Ways To Get The Best Possible Mortgage Rate

When you qualify for a mortgage loan, you're going to end up paying tens of thousands of dollars in interest over the life of the loan. Thus, it’s important to do everything you can to get the b

  • April 13, 2022 @ 5:19 PM
  • Posted by Angela Robinson

TransUnion's monthly subscription isn't cheap, but it could help you boost your credit score with personalized advice.

Your credit determines a lot in your financial life. It affects the interest rates you're offered and determines whether or not you'll get approved for a loan.  On top of that, if your

  • March 10, 2022 @ 4:42 PM
  • Posted by Angela Robinson

Stop Looking for Shortcuts to a Better Credit Score

The secret to credit score management? Pay what you owe on time, and never borrow even close to the maximum amount lenders will give you. Do only that and you will not have a problem borrowing at a co

  • February 16, 2022 @ 4:48 PM
  • Posted by Angela Robinson

Getting Pre-Qualified. Does it Work? Is it Worth it?

Getting prequalified is one of the first ways to find out how much mortgage you can afford. It is worth understanding exactly what a mortgage prequalification is, so here’s more.  

  • February 3, 2022 @ 3:07 PM
  • Posted by Angela Robinson

Front of The Line

Are you in one of the following frontline positions?   Border services Correction officers Paid firefighter Paramedic Police officer Registered physician Registered nurse Registered Prac

  • January 18, 2022 @ 4:07 PM
  • Posted by Angela Robinson

Four Ways To Use A Home Equity Loan

A home equity loan is a common tool that homeowners use to pay for various needs.   Compared to other debts, home equity loans tend to have lower, fixed rates and the repayment period can b

  • January 18, 2022 @ 3:41 PM
  • Posted by Angela Robinson

Four Smart Ways To Use A Home Equity Loan

A home equity loan, also known as a second mortgage, is a common tool that homeowners use to pay for various needs. Here are some smart ways to use them.   Compared to other debts, home equity

  • December 15, 2021 @ 4:28 PM
  • Posted by Angela Robinson

Your Preference When Arranging A Mortgage - Having Your Hand Held By A Nice Banker Or The Lowest Possible Rate?

A minority of people setting up, renewing, or refinancing mortgages are using mortgage brokers, check out the article below and find out why you should be too   If you are looking for a broker

  • December 1, 2021 @ 3:19 PM
  • Posted by Angela Robinson

Access Funds With A Reverse Mortgage

In 2020, as Canadians spent more time at home, there was a boom in home renovations. Reverse mortgages can offer a helpful option for those costly renovations. Read the full article below to find out

  • November 16, 2021 @ 5:04 PM
  • Posted by Angela Robinson

Is It Time For You To Buy Or Refinance?

Are you considering buying a new home or refinancing your current mortgage? The decision to get or refinance a mortgage is a big one – but you're not alone. There are many potentia

  • November 8, 2021 @ 7:38 PM
  • Posted by Angela Robinson

How to fine-tune your finances for a mortgage

Experts such as our very own Marc Crossman, managing partner and mortgage broker at Mortgage Alliance Lending Advisors, say that new mortgage rules and the potential for rising interest in the comin

  • September 16, 2021 @ 3:35 PM
  • Posted by Angela Robinson

The Smith Manoeuvre strategy and how to use it — the right way — to your advantage

The Smith Manoeuver is among many strategies you may not be familiar with. Alberta Mortgage Professionals can provide many options such as this to help guide you through your home ownership journey.

  • September 10, 2021 @ 9:33 PM
  • Posted by Angela Robinson

What does Today's Bank of Canada decision mean for consumers?

The Bank of Canada has decided on how to move forward regarding interest rates amid the ongoing pandemic, read the full article below and contact us today to find out how you may be able to take adv

  • August 27, 2021 @ 3:13 PM
  • Posted by Angela Robinson

How and Why to Cancel a Credit Card, Without Destroying Your Credit Score

While cancelling credit cards may seem to make your life easier, there are some complications to consider.Canceling can hurt your credit score and affects your credit in two ways:·  &

  • July 27, 2021 @ 8:42 PM
  • Posted by Angela Robinson

Cash-Out vs. HELOC Refinancing

If you’re interested in borrowing against your home’s available equity, you have choices. Some options are to refinance and get cash out, or to take out a home equity line of credit (HELOC

  • May 26, 2021 @ 4:58 PM
  • Posted by Angela Robinson

Why You Should Get Pre-Approved Before June 1, 2021

The Canadian Banking Regulator, Office of the Superintendent of Financial Institutions (OSFI) gave guidance that they were planning on tighten mortgage qualification for uninsured mortgages. OSFI sugg

  • May 17, 2021 @ 5:27 PM
  • Posted by Angela Robinson

What About Rates?

You have probably heard that the COVID-19 pandemic has had an effect on mortgage rates over the past year and you might be curious how this impacts your financial situation.    Have you ha

  • May 6, 2021 @ 2:50 PM
  • Posted by Angela Robinson

Let's Talk Credit Scores

Your credit score is a number between 300-900.     Anything above 700 shows that you have managed your money well and are a good candidate for a mortgage. A score between 600-700 means th

  • April 6, 2021 @ 8:52 PM
  • Posted by Angela Robinson

The Role of a Mortgage Broker

The Role of a Mortgage Broker   Across Canada the housing market has continued to expand, despite the pandemic. This has been attributed to a lack of inventory and the low cost of debt have com

  • September 26, 2019 @ 3:07 PM
  • Posted by Marc Crossman

What is a central bank?

Sep 23, 2019Created by First National Financial LP As we head into the federal election we’ll be hearing a lot about the economy, interest rates and housing.  In this country, one of the

  • April 22, 2018 @ 3:55 PM
  • Posted by Marc Crossman


2017 was a year of change for the Canadian Mortgage Market. With the announcement of the B-20 guideline changes requiring all insured or uninsured mortgages to undergo stress testing. In addition, the

  • April 6, 2018 @ 11:02 AM
  • Posted by Marc Crossman


With changes to mortgage rules and interest rates on the rise here are some tips for your variable rate mortgage that could save you thousands.   Since 2009 the prime lending rate has shifted f

  • February 16, 2018 @ 11:47 PM
  • Posted by Marc Crossman


  The Canadian Mortgage and Housing Corporation (CMHC) is a corporation that most are semi-familiar with, but do not know what CMHC actually does.   CMHC is Canada’s authority on ho

  • December 11, 2017 @ 3:18 PM
  • Posted by Marc Crossman


  Approximately 32 per cent of Canadians are in a variable rate mortgage, which with rates effectively declining steadily for the better part of the last ten years has worked well.   Rece

  • December 5, 2017 @ 10:39 PM
  • Posted by Marc Crossman


  As many of you may remember, this past October the Office of the Superintendent of Financial Institutions (OSFI) issued a revision to Guideline B-20. The changes will go into effect on Ja

  • September 1, 2017 @ 12:26 PM
  • Posted by Marc Crossman


  Ever wonder how your mortgage rate is determined? What factors make it jump from percentage to percentage? We are getting down to the nitty gritty today and giving you the facts on what impact

  • October 4, 2016 @ 10:57 AM
  • Posted by Marc Crossman


Yesterday, Ottawa unveiled major initiatives to slow housing activity both by potentially discouraging foreign home purchases and, more importantly, by making it more difficult for Canadians to get mo

  • April 29, 2016 @ 10:21 AM
  • Posted by Marc Crossman

Canada Starts to Outperform the U.S.

  Crude oil prices are poised for their biggest monthly gain in seven years, hitting a new high for 2016, and as day follows night, the Canadian dollar is up sharply--just shy of 80 cents U.S. T

  • March 22, 2016 @ 10:29 PM
  • Posted by Marc Crossman

Budget 2016 Billed As Growing the Middle Class

  Today’s budget included everything I expected and nothing that I feared. The fears first—there is no change in the tax treatment of capital gains or stock options, despite continue

  • January 14, 2016 @ 3:52 PM
  • Posted by Marc Crossman


Welcome to your free financial check-up, discussing 5 key factors to assist you in ensuring you are on the right track to a solid financial future.   Credit Ensuring you are using credit wisel