Here are three tips to save you thousands of dollars on your Grande Prairie mortgage

Shop around based on more than the interest rate. Yes, shopping for the lowest interest rate will generally save you more money, but mistakes could cost you in the long run. For example, a low teaser rate on a short term mortgage will cost you a lot as interest rates...

The Top Lending Myths that Keeping You From Buying Your Dream Home 

Too many renters merely dream of owning a Grande Prairie home instead of buying it because they think they can’t. Many clients of Grande Prairie mortgage brokers say that we have helped them get into a new home.   Myth 1: I Need 20 Percent Down   This myth is based on...

The Home Buying Process for Grande Prairie Residents 

There are a dozen steps that are part of every Grande Prairie home buyer’s process if you can’t afford to pay cash for the property. We’ll outline these steps and involve what is involved in each.   Step 1: The Introduction   Before you start touring properties, talk...

Learn how to choose the correct credit cards to endeavour unhealthy credit

There are a number of events that can leave someone with bad credit. Bad financial mismanagement early in life is one. Job losses, health problems and business failures can leave us with more debt than we can pay. When that results in bankruptcy or consumer proposals,...

Lower Qualifying Rates to be Used in Mortgage Stress Tests  

The Canadian government has tightened its mortgage regulations over the past few years in an effort to cool off overheated housing markets like Toronto and Vancouver while trying to prevent people ending up in homes they can’t afford. This led to the use of mortgage...

When Other Lenders Say “NO” We Say “Yes”! Grande Prairie Mortgage Solutions.   

A client recently approached Grande Prairie Whalen Mortgages saying they couldn’t buy the home they wanted. They came to us because they’d already been rejected by their local bank. They were told to come back after they’d saved at least a 10% down payment. Never mind...

Potential Regulatory Changes and Their Impact on Grande Prairie Mortgage Customers

If the Conservatives win in October’s federal election, it would have major changes to Canadian mortgage regulations. Andrew Scheer shared his vision with the Canadian Home Builders’ Association or CHBA.   Andrew Scheer said the combination of endless tax hikes and...

The New 2019 Budget Includes Help for First Time Home Buyers in Grande Prairie 

The 2019 budget includes a new solution to the Canadian housing market collapse and housing affordability crisis – shared equity mortgages or SEM. This would be through the First Time Home Buyers Initiative or FTHBI.   The 2019 budget doesn’t include a lot of details...