Online mortgage lending + MORE Nov 2nd

Company: Mortgage Centre Canada Position Title: Regional Vice President, Western Canada Years of Experience Required: 5+ Licences or Registrations Required: No Location of Position: British Columbia or Alberta How should…

Whether you're looking to purchase a property or refinance a current mortgage, there's no shortage of options when it comes to obtaining home loans. While most Canadians may associate taking out a mortgage with a visit to their local financial institution, the rise of computers has made it easier than ever for individuals to obtain financing, oftentimes from the comfort of their homes.
Online lending
Online lenders are typically broken up into three types. The first type technically isn't a lender, but a website that aggregates products from many different lenders, offering interested parties a chance to browse what's currently on offer, including mortgage rates.
The second type is the online counterpart to a financial institution borrowers can visit in real life. These include websites for banks and credit unions where borrowers can fill out forms and find out their chances of getting approved for a home loan.
The third type of online lending, and the type most associated with the term, involves lenders that are focused solely on attracting customers online…

Paycheques are elusive things – it seems they’re gone as soon as they’re earned! We know mortgage payments, savings and financial planning can snap up your funds in a flash – but how good are you with your spending money?
If you find yourself tapping into money set aside for your needs to pay for shiny wants, you could be setting yourself up for a debt spiral. Here’s how to break that cycle.
3 Ways To Stop Spending On What You Don’t Need
How much is the status quo worth to you? Overspenders can come in all shapes and sizes – and with differing opinions when it comes to smart buys. If you’re constantly left wondering where your take home pay has gone, you could be making money mistakes without even realizing it.
Here’s how to target those daily spending sins and nip them in the bud.
Read Allan’s Blog | 3 Ways To Stop Spending On What You Don’t Need
Are You Impulse Buying Your Way Into Debt?
Do you know the difference between your wants and needs? According to a BMO Psychology of Spending report, many Canadians don’t, and it’s costing them $3,720 a year!
If you fall victim to retail spending traps, don’t worry – we have ways to help you break the cycle! Read on for our top tips to curb impulse purchases…

No matter when you get married (or make the big move-in), the topic of money will eventually come up. And it should!  Having a frank, open and honest discussion about finances with your future life partner is key to the success of any marriage. But depending how old you and your spouse are it can be hard to determine which accounts should be joint and which should remain separate. Priorities change as we get older and that should be taken into consideration. Money is still one of the top five reasons couples split. By combining your finances together in smart ways -  that is also age appropriate – you and your partner will be headed to a healthy financial future.
Is Your Financial Plan Built For A Pair?
Recently TD Canada Trust did a survey asking couples about the top three personal finance products that Canadians combine with their partner. They answered:

Joint bank account (64 per cent)
A mortgage (60 per cent)
A joint credit card (50 per cent)

But only 36 per cent of couples have a joint financial plan…

The Canadian economy isn’t quite ready for the training wheels to come off, and it’s evident that the housing market and consumer spending will continue to support the lion’s share this year and next.
Could The Bank Actually Cut Rates Further?
Last week, the Bank of Canada dropped their usual reference to when interest rates may rise. It’s a sign that growth has been too slow to warrant ending low rate stimulus. In fact, it’s since been speculated that the Bank would have cut their Overnight Lending Rate even lower than one per cent, where it has remained since post-recession September 2010. The only reason it didn’t, according to a Nomura Securities report, is the worry that even lower rates will further fuel household debt and the heated housing market.
In the report, economist Charles St-Arnaud says that a rate drop could remain a future possibility if economic factors don’t turn around, stating, “The probability of a [rate] cut over the next six months could be as high as 20 per cent…