Boost Your Credit Score for a Better Mortgage Rate: Small Changes, Big Results

Unlock the secrets to improving your credit score for significant mortgage savings. Discover how small changes can lead to big results. #CreditScoreTips #Savings

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Mastering Income Verification and Documentation for Your Mortgage Application

Unlock the secrets of smooth income verification and documentation for your mortgage application with House & Home Mortgage Co. Your path to homeownership begins here!

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Want to Save on Your Mortgage? Find out How Refinancing Can Help You Reach Your Financial Goals

Discover how mortgage refinancing can save you money, lower monthly payments, and consolidate debts, helping you reach your financial goals. Get expert advice from a Kamloops, BC-based mortgage broker. #MortgageRefinance #Savings

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Exploring Mortgage Stability: Your Guide to Fixed-Rate Mortgages

Discover how renewable fixed-term mortgages can provide stability and financial security for your homeownership journey in Canada. Learn how these mortgages offer predictability during term renewals.

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Mastering Mortgage Rates: A Broker's Guide to Finding the Best Deals

Discover how a seasoned mortgage broker like Ryan keeps a pulse on current interest rates. From networking with industry contacts to leveraging online tools, learn the strategies to secure the best mortgage rates for your unique needs. Stay informed, save more!

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The Ultimate Step-by-Step Guide for First-Time Homebuyers

Discover the essential steps for first-time homebuyers in Kamloops, BC, as we guide you through the mortgage journey. Get expert tips and insights to make your dream of homeownership a reality. #FirstTimeBuyers #MortgageGuide #Homeownership

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Unlocking Mortgage Success: Understanding GDS and TDS Ratios

Unlock Mortgage Success: This comprehensive guide explores GDS and TDS ratios, the vital metrics that influence your mortgage approval. Learn how to manage your financial health while pursuing homeownership dreams.

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Homeownership and Beyond: The Role of Insurance in Your Mortgage Journey

When taking out a mortgage, considering life or disability insurance is a smart move. These types of insurance can provide valuable protection for you and your family in case of unexpected events.

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Interest Rate Sign

September 2023 Bank of Canada - Rates Unchanged

The Bank of Canada's latest decision to leave interest rates unchanged in September 2023 can be attributed to several key factors. In my line of work I take a keen interest in economic matters, so in this video I'm hoping to provide insights into why this decision was made.

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Top 10 Mortgage Broker FAQs

Buying a home or refinancing? Discover the ins and outs of working with a mortgage broker in this informative blog post. We answer the most common questions, from what a broker does to finding the right one for your needs. Make your homeownership journey smoother and more cost-effective with these essential insights.

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July 23 2023 Bank of Canada Rate Update

In this month's video I discuss the Bank of Canada's decision to increase interest rates in July 2023. The increase was primarily driven by its goals of controlling inflation and maintaining economic stability.

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Mortgage Default Insurance: 101

WHAT IS MORTGAGE DEFAULT INSURANCE? Mortgage default insurance, often referred to as CMHC insurance in Canada, is a type of insurance that protects lenders in case the borrower (you) defaults on the mortgage.

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January 25 2023 Bank of Canada Rate Update

Another increase today from the Bank of Canada, BUUUUUT many signals are now telling us this is likely the last increase for some time.

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October 26 2022 Bank of Canada 0.5% Rate Increase

On October 26, 2022 the Bank of Canada announced another 0.5% increase to the overnight rate, and by extension prime rate. This will impact variable rate mortgages, lines of credit, and plenty of other types of lending. Ryan discusses the short term implications, and what's anticipated to follow in the coming months.

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September 7 2022 Bank of Canada .75% Rate Increase

A discussion of the latest in a series of rate increases by the BOC. Some things to consider, some reasons (NOT) to panic, and some guidance for those in a variable rate mortgage or HELOC currently.

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July 13 2022 Bank of Canada 1% Rate Increase

The biggest rate increase from Bank of Canada in more than 20 years. Is this the time to panic? Probably not, but Ryan weighs in with some considerations regarding your mortgage payments, total cost of borrowing, and why he thinks variable rate is still a great option for many borrowers.

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Bank Of Canada Rate Update - March 2 2022

Today we're anticipating the Bank of Canada to increase its policy interest rate, and I expect we'll see a 0.25% increase. This will translate into a corresponding increase in prime rate at most lenders within the following days.

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CMHC Changes the Game.... Again!

CMHC Changes Underwriting Guidelines. Lower debt servicing could mean a harder time qualifying, along with higher minimum credit scores. Sheesh!

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Check this Out! Get your free credit report from Equifax!

In response to Covid-19, Equifax has decided to offer free access to your Equifax credit report. Learn how to access your free report here!

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Bank of Canada lowers overnight rate target AGAIN, to 1/4% (.25%)

Hey everyone!  Since the start of the Covid-19 crisis, this has been an absolutely crazy year for all of us, including everyone involved in the financial sector. Canada's central bank has continued to drop it's policy rate as the crisis has evolved, in hopes of mitigating some of the economic destruction this crisis and lockdown has caused. They've now reached an 'overnight rate' of just 0.25%. This is the rate that influences the 'Prime Rate' that banks offer their customers for...

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Bank of Canada lowers overnight rate target to ¾ percent

Well that was unexpected... Here we go again!  Here's the highlights: For everyone wondering how this will impact current mortgage rates, here's the highlights: This is ANOTHER 0 .5% drop to the bank of Canada's 'overnight rate'. The 'overnight rate' is a rate that is used to influence bank's/lender's 'Prime Rate', which is used to calculate variable mortgage rates. Because the bank's 'Prime Rate(s)' will likely drop AGAIN (read: should drop), we will see that...

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Bank of Canada lowers overnight rate target to 1 ¼ percent

Bank of Canada lowers overnight rate target to 1 ¼ percent

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7 Things to Expect During an Appraisal Visit

7 things you can expect when having your home appraised. A great primer for clients who are about to have an appraiser visit your home. Content provided by Adlaw Appraisals.

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Mortgage Prepayment Penalties

All mortgages are NOT created equal when it comes to penalty calculations. Here's what you need to know!

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Low Rate = Low Feature

Interested in that super-low-rate mortgage promotion you just saw? Think twice and read the fine print before signing up, or you may get more than you bargain for.

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Mobile & Modular Homes: 101

Find out the difference between mobile and modular homes, and some considerations when trying to obtain a mortgage for these types of properties.

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Bank of Canada Raises Rates... Again!

October 24 2018. Bank of Canada raises overnight rate again, leading to prime rate increases.

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Mortgage Portability

Mortgage Portability. A great way to reduce or eliminate a prepayment penalty on your next move.

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Choosing A Mortgage Term

Having a hard time choosing the right mortgage term for your needs? Here's some insight into the benefits and drawbacks of various options.

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What Do I Qualify For? (and why?)

Information about how banks/lenders calculate exactly how much mortgage you can afford. Great info for first time homebuyers and homeowners considering a refinance.

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Fixed vs. Variable Mortgage Rates

A comparison and Q&A of how to choose between a fixed or a variable mortgage rate.

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Why Bankruptcy Might Not Be The Best Option

A comparison between choosing a bankruptcy vs. a consumer proposal. While neither is ideal when applying for a mortgage, they can sometimes be necessary and each has different impacts down the road.

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No Down Payment? No Problem With Flex Down!

Flex Down Payment. A great way to borrow the down payment and buy your first home sooner!

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Rental Income

Interested in how rental income can help you qualify for a larger mortgage? Learn more here about how lenders calculate/use this type of income.

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Bank of Canada Rate Update July 11, 2018

Bank of Canada Rate Announcement July 11, 2018

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Guest Post: If one things for certain, it's uncertainty

A guest post from First National Financial, discussing current economics and the likelihood (or unlikelihood) of a Bank of Canada rate hike this coming July 2018.

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Income Confirmation. Questions, Answered!

Everything you didn't know you wanted to know about income qualifying for a mortgage!

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Bank of Canada Rate Update May 30, 2018

Rate update for the Bank of Canada, May 30th 2018.

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Bank of Canada Rate Update - April 18, 2018

As widely anticipated by economists, the Bank of Canada (BoC) has left its trendsetting policy rate at 1.25 per cent. Canada's central bank, however, expressed optimism about the economy picking up some speed in the April-to-June period after growth slowed down to 1.3 per cent in the first three months of ...

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Switch Up The Payment

Did you know that carefully choosing the right payment schedule for your mortgage could save you hundreds, or even thousands of dollars? Read on to learn more!

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Interest Rate Sign

Rates and Rates and Rates, Oh My!

During this morning's meeting the Bank of Canada announced in an unexpected move that they will be increasing the overnight rate by an additional .25%. Interested to know how this affects you?

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What to know before you start a renovation.

Purchase Plus Improvements

If you've ever wondered how to include the cost of renovations into your mortgage, you've come to the right place! The Purchase Plus Improvements program is exactly what you need in order to turn those renovation dreams into a reality when you're buying your next home.

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