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...

How Different Credit Problems Are Regarded by Lenders in Grande Prairie

Lenders don’t give all credit problems the same weight when you apply for a mortgage. Bankruptcies are much more severe than being late on your bills. Let’s look at the different types of issues you could have in your credit report and how they affect your mortgage...