(780) 455-8518 josh@mortgagesforless.ca

Funds For Home Buyers… Maybe

The Federal election is coming up this fall, which means the current office has released it's proposed 2019 budget. It's a long document (which you can read in detail here) but among the pages you'll find two enticing offers for first time home buyers. Firstly, the...

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Understanding Credit Card Interest

You may think you understand how credit card debt works, but do you really? If your credit card has an interest rate of 19.5%, how much interest will you accumulate at the end of each month? When does the credit card company start charging you interest? How can you...

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How Much Down Payment?

When you envision yourself making a down payment on your very first home, how much do you see yourself putting down? Is it 20% like many of the generation before you? Or is it 5% like more and more first-time home buyers today? The common consensus among financial...

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Overnight Rate Unchanged Since October

The Bank of Canada released their statement last week which included the announcement that the overnight rate would remain unchanged at 1.75%. This was expected but many are wondering if and when further increases will come about. The Bank was confident that they...

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Swimming Through Mortgage Stress Test

Housing prices were going up up up and away. The Bank of Canada (BoC) was increasing interest rates, and boldly announced they fully intended to continue doing so. And Canadians were already dealing with record high debt levels and struggling to keep their heads above...

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Overnight Rate Remains Unchanged

As a result of economic uncertainty, the Bank of Canada surprised no one when they did not raise their overnight rate this month, presently resting at 1.75%. The Bank made this decision based on current global trade tensions and slower than expected economic growth....

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Praise the Variable-Rate Mortgage

The Bank of Canada bumped up its overnight rate 5 times in the last 18 months, but according to most economists, business leaders and other professionals all signs point to a standstill until at least next Spring. Interest rates go up when the Bank believes in an...

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Bank of Canada Holds Pat

The Bank of Canada's overnight rate of 1.75% remains unchanged as of the Bank's announcement yesterday. After multiple recent hikes some expected the rates to keep going up. But the Bank decided to stand pat. "The global economic expansion is moderating largely as...

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Four Tips For Buying a Home in Grande Prairie

Determine your budget:Before you even start looking, you need to know how much you can comfortably afford. Don't waste your time looking at homes that you can't buy - that's a terrible way to disappoint yourself in the end. Get Pre-approved:This relates to tip #1 but...

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What to Look for in a Grande Prairie Mortgage Broker  

Mortgage brokers help their clients find the best mortgage for them. This isn’t a one-size-fits-all product, since factors like not having pre-payment penalties, low up-front costs or and others could matter more than the official interest rate. What many don’t...

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