Mortgage Blog

Working For You, NOT The Banks!
How is a Private Mortgage Different Than a Traditional Bank Mortgage

How is a Private Mortgage Different Than a Traditional Bank Mortgage

May 4, 2022 | Posted by: Harold Hagen

Understanding the difference between private mortgages and traditional bank mortgages can help you make the best decision for financing a new home. Each option provides the money to secure real estate ... [read more]

Inflationary Sentiment

Inflationary Sentiment

April 26, 2022 | Posted by: Harold Hagen

Inflationary Sentiment Sentiment /ˈsen(t)əmənt/   a view of or attitude toward a situation or event; an opinion. Seems inflation has turned into a runaway horse lately. From being lar ... [read more]

Home-Buying 101: A Guide to Purchasing Your First Home

Home-Buying 101: A Guide to Purchasing Your First Home

April 20, 2022 | Posted by: Harold Hagen

Home-Buying 101: A Guide to Purchasing Your First Home Buying a home involves a lot of complex steps, but by doing your homework ahead of time, you can boost your know-how and have more confidence in ... [read more]

Bank Of Canada Rate Update April 13, 2022

Bank Of Canada Rate Update April 13, 2022

April 13, 2022 | Posted by: Harold Hagen

Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% ... [read more]

5 Benefits of an Investment Property

5 Benefits of an Investment Property

April 6, 2022 | Posted by: Harold Hagen

5 Benefits of an Investment Property Building a strong real estate portfolio is a great way to create passive income now and a strong investment portfolio for later. If you are looking at buildin ... [read more]

Tips for Picking the Right Home to Flip

Tips for Picking the Right Home to Flip

March 16, 2022 | Posted by: Harold Hagen

Guide to Choosing a House to Flip for Maximum Profit Not every property will make a promising flip. Here is everything you need to know to maximize your profits from the very start while minimizing ... [read more]

Alberta Fundamentals Looking Strong

Alberta Fundamentals Looking Strong

March 16, 2022 | Posted by: Harold Hagen

The Canadian housing market is certainly outperforming previous estimates and topping the charts when it comes to year-over-year growth. For example, Home sales in Toronto posted the largest monthly i ... [read more]

Bank Of Canada Rate Update March 2, 2022

Bank Of Canada Rate Update March 2, 2022

March 2, 2022 | Posted by: Harold Hagen

Bank of Canada Increases Policy Interest Rate The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is contin ... [read more]

Can Housing Upgrades Affect Your Insurance?

Can Housing Upgrades Affect Your Insurance?

February 23, 2022 | Posted by: Harold Hagen

Housing upgrades have the potential to leave you underinsured so it is important to always contact your home insurance before starting a home renovation. Home renovations are trendy right now due to ... [read more]

Rent to Own Homes vs. Mortgage: How Do They Work?

Rent to Own Homes vs. Mortgage: How Do They Work?

February 14, 2022 | Posted by: Roar Solutions

Rent to Own Homes vs. Mortgage: How Do They Work? If you're hoping to achieve your dreams of homeownership, rent-to-own and mortgage are two options to consider. Here is everything you need to know a ... [read more]

Bank Of Canada Rate Update January 26, 2022

Bank Of Canada Rate Update January 26, 2022

January 26, 2022 | Posted by: Harold Hagen

Bank of Canada maintains policy rate, removes exceptional forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ... [read more]

Top 10 Questions to Ask Your Mortgage Broker in Alberta

Top 10 Questions to Ask Your Mortgage Broker in Alberta

January 19, 2022 | Posted by: Harold Hagen

Top 10 Questions to Ask Your Mortgage Broker The mortgage world can sometimes be difficult to navigate when buying a home. However, an experienced Mortgage Broker can help walk you through the proces ... [read more]

4 Homebuyer Tips To Make House Hunting More Efficient

4 Homebuyer Tips To Make House Hunting More Efficient

January 13, 2022 | Posted by: Harold Hagen

Going house hunting can be fun and exciting at first, but the more houses you look at, the more frustrating you might become -- especially if you just can't seem to find the perfect home. No one sai ... [read more]

Prequalification and Pre-Approval—What is the Difference? Home Buying in Alberta

Prequalification and Pre-Approval—What is the Difference? Home Buying in Alberta

December 15, 2021 | Posted by: Harold Hagen

What is the Difference Between Pre-Qualification and Pre-Approval? Prequalification and Pre-Approval-What is the Difference? Prequalification is a basic review of the borrower's information to deter ... [read more]

Bank Of Canada Rate Update December 9, 2021

Bank Of Canada Rate Update December 9, 2021

December 8, 2021 | Posted by: Harold Hagen

Bank of Canada maintains policy rate and forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent ... [read more]

What to do if You Are Denied a Mortgage

What to do if You Are Denied a Mortgage

November 24, 2021 | Posted by: Harold Hagen

What to do if You Are Denied a Mortgage Main reasons Why your mortgage application is Denied and What to do If Mortgage lenders reject Yours Mortgage lenders often reject loan application requests f ... [read more]

How to Know if it's Time to Refinance

How to Know if it's Time to Refinance

November 3, 2021 | Posted by: Harold Hagen

How to Know if it's Time to Refinance According to mortgage advisors, mortgage refinancing is one of the ways to make and save money from your home loan. When done right mortgage refinancing benefits ... [read more]

Bank Of Canada Rate Update Oct 27, 2021

Bank Of Canada Rate Update Oct 27, 2021

October 27, 2021 | Posted by: Harold Hagen

Bank of Canada maintains policy rate and forward guidance, ends quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with ... [read more]

Five Great Benefits of Owning an Investment Property

Five Great Benefits of Owning an Investment Property

October 20, 2021 | Posted by: Harold Hagen

Five Great Benefits of an Investment Property Maybe you have considered investing in real estate but aren't sure if it's the right move for you. There are several benefits to an investment property, ... [read more]

10 Commandments Of Applying For A Mortgage

10 Commandments Of Applying For A Mortgage

October 7, 2021 | Posted by: Harold Hagen

THOU SHALL NOT…   1. Change Jobs, become self-employed or quit your job.   2. Buy a car, truck or van. (Unless you wish to live in it)   3. Use credit cards excessive ... [read more]

What Is Home Equity and How Can I Build It?

What Is Home Equity and How Can I Build It?

October 6, 2021 | Posted by: Harold Hagen

Home equity is an essential asset for creating wealth and income. Learn how home equity is calculated, why it's important, and five steps you can take to build it. As you make monthly mortgage paymen ... [read more]

Covid-19 Managing Uncharted Waters

Covid-19 Managing Uncharted Waters

March 23, 2020 | Posted by: Harold Hagen

Covid-19 Managing Uncharted Waters As the current health crisis plays out, the months ahead may potentially prove to be trying times.  For people with debt, and in particular mortgage debt, mone ... [read more]

First -Time Home Buyer Incentive

First -Time Home Buyer Incentive

February 29, 2020 | Posted by: Harold Hagen

The Federal Government’s new First-Time Home Buyer Incentive (FTHBI) program offers an interest free loan towards the purchase of a new home for up to 25 years.  Launched September 02, 20 ... [read more]

Dutch Disease - Economy

Dutch Disease - Economy

February 22, 2020 | Posted by: Harold Hagen

As part of my daily effort to monitor the pulse of the Canadian economy and understand market future trends, I pay close attention to historical economic patterns. For example, five years ago Can ... [read more]

The Dream - Susan's story

The Dream - Susan's story

February 18, 2020 | Posted by: Harold Hagen

Susan had moved to Red Deer, Alberta three years ago with her two teenage children. Owning a home had been a long-time dream of hers, but since she had always been a renter, and her growing children w ... [read more]

FIXED OR VARIABLE RATE?

FIXED OR VARIABLE RATE?

February 4, 2020 | Posted by: Harold Hagen

Possibly the number 2 question asked most often (after mortgage rate), is identifying whether a fixed or variable rate mortgage product is best for you. Although we all wish a crystal ball would sho ... [read more]

5 Tips For A Smooth Mortgage Renewal

5 Tips For A Smooth Mortgage Renewal

April 4, 2019 | Posted by: Harold Hagen

ITS RENEWAL TIME! Here are 5 Helpful Tips For A Smooth Mortgage Renewal 1. Start Shopping 4 Months before your mortgage term is up.   Mark your current mortgage maturity date on the calendar, ... [read more]

Bank of Canada; Saving Green

Bank of Canada; Saving Green

March 22, 2019 | Posted by: Harold Hagen

Up till now, BoC Governor Stephen Poloz had stated repeatedly that the overnight rate (currently at 1.75%) would need to reach the Bank’s “neutral range” target of 2.5-3.5%. “ ... [read more]

Stress Test Best Practices Tool Kit

Stress Test Best Practices Tool Kit

May 9, 2018 | Posted by: Harold Hagen

With the new Office of the Superintendent of Financial Institutions stress test rules firmly in place since January, Canadian homebuyers have learned they need to arm themselves with practical informa ... [read more]

Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

March 28, 2018 | Posted by: Harold Hagen

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ... [read more]

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

March 21, 2018 | Posted by: Harold Hagen

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ... [read more]

Strategies to Dig Yourself Out of the Debt Hole

Strategies to Dig Yourself Out of the Debt Hole

March 14, 2018 | Posted by: Harold Hagen

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ... [read more]

Why You Need an Emergency Fund And How to Get One

Why You Need an Emergency Fund And How to Get One

March 7, 2018 | Posted by: Harold Hagen

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ... [read more]

The Benefits of Investing in Income Producing Properties

The Benefits of Investing in Income Producing Properties

February 28, 2018 | Posted by: Harold Hagen

Making money in any real estate venture is a difficult task, and many people don't have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purch ... [read more]

4 Hidden Problems That Could Be Hurting Your Home Sale

4 Hidden Problems That Could Be Hurting Your Home Sale

February 21, 2018 | Posted by: Harold Hagen

One of the biggest fears that home sellers have is that their property will end up on the real estate market for months on end. This is a nightmare for a number of reasons. First of all, having your h ... [read more]

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