22 Jan

Unlock the Full Potential of Your Mortgage Renewal

General

Posted by: Nicole Crichton

  Unlock the Full Potential of Your Mortgage Renewal As your mortgage renewal approaches, let’s use this opportunity to explore a realm of possibilities that could significantly enhance your financial well-being in 2024. Delve into the benefits that renewing your mortgage can offer, and let me help you navigate the available options. Ensure You Are […]

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3 Oct

Fall Market Update

General

Posted by: Nicole Crichton

  As you may have heard,The Bank of Canada opted to maintain its policy rate at 5% as of September. The recent rate hikes over the spring and summer have slowed the housing and mortgage markets as potential buyers were unsurprisingly spooked by the rise in mortgage rates. More recently, fixed-rate loans have become more […]

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17 Aug

Choosing Your Ideal Payment Frequency.

General

Posted by: Nicole Crichton

Your payment schedule is the frequency that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly or even weekly payments. Below is a quick overview of what each of these payment frequencies mean: Monthly Payments: A monthly payment is simply a single large payment, paid once per month; this is the […]

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19 Jul

Strata Insurance: The Importance of Deductible Coverage.

General

Posted by: Nicole Crichton

Strata insurance has been steadily rising across Canada, but many homeowners are unaware of changes to their policies. In some areas, deductibles are doubling (or even tripling!), which can result in extremely high costs if you are not updating your individual policy. To ensure that you remain up-to-date with your strata insurance policies, it is […]

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21 Apr

5 Steps to Getting a Mortgage

General

Posted by: Nicole Crichton

  While the mortgage process can be daunting, here it is broken down into 5 easy steps to help you get started!  I’m always there to help guide you every step of the way so that is even easier to make your dreams of home ownership happen. Options: As a mortgage professional I have access […]

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28 Mar

What is the First Time Homebuyer Incentive?

General

Posted by: Nicole Crichton

What is the First Time Homebuyer Incentive? The first-time homebuyer incentive program is a shared-equity mortgage with the Canadian government that helps qualified first-time buyers reduce their monthly mortgage payments to better afford a home! The Incentive: This program allows you to obtain an incentive from the government to assist with your down payment, thereby lowering […]

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1 Mar

Mortgages and Corporations

General

Posted by: Nicole Crichton

Mortgages and Corporations. If you are a self-employed client who owns your own business, you may have chosen to set that business up as a corporation. This means the business operates as essentially its own person. They have income through business revenue and expenses from marketing costs, materials, office space, etc. When it comes to […]

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1 Feb

4 Key Things to Know about a Second Mortgage

General

Posted by: Nicole Crichton

A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit cards and student loans) that a second […]

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24 Jan

Recession Proofing Your Finances

General

Posted by: Nicole Crichton

Recession Proofing Your Finances. The latest news has been focused on rising interest rates, surging inflation, and economic uncertainty with suggestions that the Canadian economy could be tripped into recession. With all this information circulating, now is a good time to discuss ways to adapt your finances and protect your future. Fortunately, there are a […]

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