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11
Sep

What Are The Different Mortgage Types?

What are the different mortgage types you ask? When it comes to getting a mortgage it is good to know that there are several different mortgage types you can get based on your own specific needs. Here at The Mortgage center, our brokers are trained to choose the best mortgage...
20
Jun

What is the Difference Between an Open Mortgage and Closed Mortgage?

It’s good to know as much as you possibly can about your mortgage before you sign the agreement. You don’t want there to be any surprises and having a basic knowledge of the different types of mortgages can help you feel more secure in the overall process. Knowing...
25
Apr

Mortgage Renewal – Fredericton

Many people have mortgages that will need renewal in the spring. This means that you may be receiving mortgage renewal papers in the mail from your current mortgage provider asking you to complete a mortgage renewal with them. Before signing and sending back any forms they send...
03
Mar

CMHC New Premium – Adam Jardine

As some of you know, on February 28th CMHC increased its Mortgage Insurance Premium. Here’s what it will mean to you when purchasing a home with a 5% down payment:   Loan Amount (Purchase Price) $150,000 $250,000 $350,000 $450,000 Current Premium $4,125 $6,875 $9,625...
23
Jan

Mortgage Broker OR a Rep?

What are the reasons for choosing a mortgage broker? If you are a Canadian homeowner or a buyer, stuck in stages of mortgage years, it may feel that all and sundry wants a piece of you. That is because mortgages are large. Lenders will entice you with low mortgage rates or...
22
Jan

Don’t like House Hunting in the cold?

During the cold weather months it always makes for slow months in the housing market. Who can really blame people for not wanting to march through the cold temperatures and ice-coated sidewalks over and over again to find their perfect home? We all know that spring is the time...
02
Jan

Manage your money like a pro? – Adam Jardine

About a year and a half ago, I went on a mission to find a new money management software program. Up to this point, we had been using Simply Accounting and I felt that with each new version they make, it became more and more complicated. Money is important to everyone, and saving...
02
Jan

Tom Crist wins/donates $40 million – Tanner Tucker

While most of us this holiday season are working around budgets and making sure we have enough left to pay our mortgages after our Christmas shopping is completed, Tom Crist of Calgary doesn’t have those worries anymore after recently winning a LottoMax $40 million jackpot…...
12
Dec

Why a low rate is so important – Adam Jardine

You know, as a mortgage broker, I sit back and watch a home buyers negotiate the best price for their new home. I see them counter back and forth sometimes over a very few thousand dollars, but when it comes to what really matters, I watch that same person go into the bank for a...
09
Dec

Christmas Shopping by Tanner Tucker

The calendar has turned to December and all the trees are all lit…that must mean one thing: time to start shopping for Christmas gifts!  And I don’t mean just shopping for that special someone or child in your household, but also for yourself. Mortgage rates are still at an...