Mortgage Blog

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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]

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Harold Hagen
Harold Hagen, AMP
Mortgage Broker
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